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LAST UPDATED: September 2024FRANCHISE WEBSITE:&nbsp;<a href="https://development.ihg.com/hotel-brands/candlewood-suites?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">https://development.ihg.com/hotel-brands/candlewood-suites</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;380+REPORTED COST TO GET IN:&nbsp;$12,217,200 - $18,328,830REPORTED ROI (Item 19):&nbsp;See below<a href="https://development.ihg.com/hotel-brands/candlewood-suites?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Candlewood Suites</a> is a mid-scale hotel franchise that offers both regular and extended-stay accommodations. As part of the&nbsp;<a href="https://www.ihgplc.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">InterContinental Hotels Group</a> system, the brand benefits from a combined decades of hospitality expertise and the economies of scale that come with a multi-brand global company.<h3>How Many Candlewood Suites Locations Are There?</h3>There are currently over 380 Candlewood Suites hotels worldwide and another 170-plus in development. While the brand continues to grow, its flexible prototype and streamlined construction process allows franchisees to build and open their businesses even more efficiently, driving the system to continue expanding rapidly.<h3>What Is the Candlewood Suites Business Model?</h3>Candlewood Suites is a modern hotel offering an upscale, but still affordable, option for guests seeking apartment-like hotel accommodations for either short or long-term stays. With laundry rooms, fitness centers and a pet-friendly policy, Candlewood Suites can appeal to consumers with a range of needs.Because many Candlewood Suites guests are seeking extended stays, franchise owners can reduce labor costs and run on a smaller staff-to-guest ratio as the frequency of cleanings and check-ins are reduced.<h3>How Much Can Candlewood Suites Franchise Owners Make?</h3>Candlewood Suites does not have a set number of guest rooms per franchise, so profits vary. According to the brand’s&nbsp;<a href="https://www.franchimp.com/?page=pdf&amp%3Bf=105929_2023.pdf&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">2023 Franchise Disclosure Document</a>, top performing hotels saw a revenue per available room of $156.05 and average daily room rate of $202.59.<h3>How Much Does It Cost To Open a Candlewood Suites?</h3>The estimated initial investment required to begin operation of a Candlewood Suites franchise is $12,217,200 - $18,328,830, or about $113,122 - $169,711 per guest room. This amount includes:<ul><li>Application Fee:&nbsp;$50,000</li><li>Property Improvement Plan Inspection and Report:&nbsp;Up to $7,500</li><li>Building Construction:&nbsp;$10,019,100 - $15,248,600</li><li>Furniture, Fixtures and Equipment:&nbsp;$1,395,600 - $1,814,300</li><li>Operating Supplies and Equipment:&nbsp;$255,200 - $331,800</li><li>Primary Identification Sign:&nbsp;$33,000 - $55,000</li><li>Property Management System Equipment, Configuration, Installation, Software and Training:&nbsp;$83,000 - $96,000</li><li>Guest Internet Access Hardware:&nbsp;$22,750 - $49,000</li><li>Key Card System:&nbsp;$10,000 - $15,000</li><li>In-Room Entertainment:&nbsp;$10,000 - $12,000</li><li>Employee Safety Devices:&nbsp;$16,000 - $20,000</li><li>Technology Systems:&nbsp;$55,800 - $64,180</li><li>Public Access Computers:&nbsp;$4,900 - $6,000</li><li>Market Feasibility Study:&nbsp;$15,000 - $30,000</li><li>Openings Preopening Support Fee:&nbsp;$6,000</li><li>IHG Learning Program, Core Subscription:&nbsp;$2,000</li><li>Opening Date Extension Fee:&nbsp;Up to $5,000 plus expenses</li><li>Professional Fees:&nbsp;$115,000 - $275,000</li><li>Security Deposits:&nbsp;$2,600 - $26,250</li><li>Insurance:&nbsp;$35,000 - $100,000</li><li>Hotel Photography:&nbsp;$3,500 - $6,200</li><li>Additional Funds (3 Months):&nbsp;$78,750 - $105,000</li></ul><h3>What Is the Franchise Fee for Candlewood Suites?</h3>Candlewood Suites assesses a franchise fee of $145,000 - $170,500.<h3>Who Is the Leadership of Candlewood Suites?</h3><ul><li><a href="https://www.linkedin.com/in/eliewmaalouf/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Elie W. Maalouf — Chief Executive Officer</a></li><li><a href="https://www.linkedin.com/in/julienne-smith-85a83210/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Julienne Smith — Chief Development Officer, Americas</a></li><li><a href="https://www.linkedin.com/in/jay-caiafa-04a94b1/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Jason M. Caiafa — Chief Operating Officer, Americas</a></li><li><a href="https://www.linkedin.com/in/eric-frye-b25900/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Eric Frye — Vice President, Development &amp; Owner Support</a></li><li><a href="https://www.linkedin.com/in/david-comai-1249a17/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">David Comai — Head of Strategic Market Planning &amp; Feasibility</a></li></ul><h3>What Helpful Articles Can I Read To Learn More?</h3><ul><li><a href="https://www.forbes.com/advisor/credit-cards/travel-rewards/ihg-brands/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">A Quick Guide And Comparison To All 19 IHG Brands</a></li><li><a href="https://hotelbusiness.com/ihg-opens-candlewood-suites-in-quebec/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">IHG Opens Candlewood Suites in Quebec</a></li><li><a href="https://hotelbusiness.com/ihg-opens-first-avid-candlewood-dual-branded-property/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">IHG Opens First avid-Candlewood Dual-Branded Property</a></li><li><a href="https://www.ihgplc.com/en/news-and-media/news-releases/2024/ihg-hotels-and-resorts-and-novum-hospitality-sign-agreement-that-doubles-ihgs-hotel-presence?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">IHG Hotels &amp; Resorts and NOVUM Hospitality Sign Agreement That Doubles IHG’s Hotel Presences in Germany, Launches Holiday Inn – the niu Collaboration, and Debuts Garner and Candlewood Suites Brands</a></li></ul> Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.&nbsp;Check out these three 1851 brands:<a href="https://1851franchise.com/woodhouse-spas/info">Woodhouse Spas</a><ul><li><a href="https://www.ownawoodhouse.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Franchise Development Page</a></li><li>Number of Open Locations (as of August 2024):&nbsp;80+</li><li>Investment Range: $1,486,677 - $2,592,081</li></ul><a href="https://1851franchise.com/meltingpot/info">Melting Pot</a><ul><li><a href="http://meltingpotfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Franchise Development Page</a></li><li>Number of Open Locations (as of August 2024): 90+</li><li>Investment Range: $1,364,389 - $2,069,638</li></ul><a href="https://1851franchise.com/internationalworkplacegroup/info">International Workplace Group</a><ul><li><a href="https://www.iwgplc.com/en-gb/develop-a-location?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">Franchise Development Page</a></li><li>Number of Open Locations (as of August 2024):&nbsp;4,000+&nbsp;</li><li>Investment Range: $939,500 - $1,917,500</li></ul>Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="http://www.1851growthclub.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-candlewood-suites-franchise-costs-fees-profit-and-data-2727165" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.&nbsp;All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Candlewood Suites Franchise Deep Dive: Units, Costs and Earnings

1851 Franchise

The hotel franchise, which focuses primarily on extended stay offerings, requires a substantial initial investment but can offer incredible returns over time.

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