Candlewood Suites

Candlewood Suites

Suite hotels
FREE Franchise Guide!
2022 Franchise 500 Rank
N/R Ranked #466 last year
See the Full List
Initial investment
$10.6M - $15.5M
Units as of 2021
360 6% over 3 years

Here’s what you need to know if you’re interested in opening a Candlewood Suites franchise.

Candlewood Suite opened its first branch hotel in 1995. The following year, franchising began. The company opened the first international Candlewood Suite in 2007 in Montreal, Canada. Currently, there are over 400 Candlewood Suite branches all across the country, with many more hotels currently in planning stages.

Why You May Want to Start a Candlewood Suites Franchise

Candlewood Suites is committed to providing guests with all of the convenience they are used to at home. Suites consist of completely stocked kitchens, a workspace, a television with a DVD player, access to free Wi-Fi, close laundry equipment, pleasant living room furniture, and a comfortable bed. 

Candlewood Suites is a popular choice amongst guests who are business travelers because of the comfort it offers. The company is intent on having its customers return because of the cleanliness, and the reasonable prices offered. Candlewood Suites also has a Candlewood Cupboard where guests can get food and snacks whenever the urge strikes. 

Candlewood Suites are relatively easy to run. Franchisees should be available to operate the business, but hiring executive managers may be beneficial to franchisees. However, absentee ownership is not an option; franchisees are expected to be involved.

What Might Make Candlewood Suites a Good Choice?

To be part of the Candlewood Suites team, you should make sure you’re financially ready for an initial investment, including a franchise fee and other potential startup fees. These fees will include royalty fees, as well as potential franchise renewal fees. Franchisees may also need to meet the company's set net worth and liquid capital requirements. Candlewood Suites has partnered with third-party services in order to offer franchisees financial help with costs, including the franchise fee and other startup costs.

Like any other franchising business, Candlewood Suites requires franchising payments. Franchisees may need to pay two separate fees in management standard contracts: base and incentive fees. These fees are dependent on the franchise location.

With your investment in Candlewood Suites, franchisees receive training, a marketing program, and consultation services as operations begin. It can also be worthwhile if, as a franchisee, you join the Intercontinental Hotels Group (IGH), an association of hotel owners worldwide. There, other hotel owners can give you practical tips on how to run your business.

How to Open a Candlewood Suites Franchise

As you decide whether you wish to open a Candlewood Suites franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. If there are multiple hotels around the location, then opening a Candlewood Suites in that area may not be beneficial. 

Once you have decided that you would like to open a Candlewood Suites franchise, you are required to download and read the franchise advice form. This form will include details about the approximate startup cost, timeframe, and more.

After an inquiry to Candlewood Suites, an executive may call you to evaluate your franchisee requirements and the location of choice. If your request is accepted, the franchise executive will talk you through the particulars of the Franchise Disclosure Document. If confirmed as a franchisee, you will sign a contract before operating a Candlewood Suites.

Find Your Perfect Franchise

Company Overview

About Candlewood Suites

Industry
Lodging
Related Categories
Hotels & Motels
Founded
1995
Parent Company
IHG Hotels & Resorts
Leadership
Elie Maalouf, CEO, Americas

Franchising Overview

Franchising Since
1996 (26 years)
# of employees at HQ
1,400
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
360 (as of 2021)

Franchisor Information

Corporate Address
Three Ravinia Dr., #100
Atlanta, GA 30346

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Candlewood Suites franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$50,000
Initial Investment
$10,569,180 - $15,464,176
Royalty Fee
5%
Term of Agreement
20 years (average)
Is franchise term renewable?
Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Candlewood Suites has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
Varies
Classroom Training
Varies
Ongoing Support
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No
Take our quick quiz to find your ideal franchise

Work with our free FranCoach and get what you need to start a Candlewood Suites franchise.

Franchise 500 Ranking History

Compare where Candlewood Suites landed on this year’s Franchise 500 Ranking versus previous years.

Stock History for Candlewood Suites

Ticker Symbol for Candlewood Suites: IHG

Want to stay updated on the latest franchise news?

Never miss a beat when you sign up to receive our newsletter.

We care about the protection of your data. Read our Privacy Policy

Related Franchises

Are you eager to see what else is out there? Browse more franchises that are similar to Candlewood Suites.

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

'It Was Like a Drug': How Dave's Hot Chicken Grew a Cult Following in an East Hollywood Parking Lot

What started as a parking lot pop-up expanded to 67 locations in less than five years. Here's how Dave's Hot Chicken became one of the fastest-growing food chains in the country.

Are You an Ideal Franchisee? Here's How to Find Out.

How does your personality compare? Do you like following rules or making the rules?

Dan Rowe

Fuel The Next Generation With Children's Business Franchising

There's endless opportunity in kid-friendly startups.

Jeff Cheatham

Buying a Franchise? Make Sure the Marketing Process Is Worth It

Make sure the franchise you buy, and their marketing system, are worthy of your time and investment.

Alicia Miller

Secure a B2B Company of Your Own With a Business Services Franchise

There are many ways to own a business that helps other businesses thrive.

Jeff Cheatham

Is a Home-Based Business Right for You? Ask Yourself These 5 Questions First

The lifestyle that comes with a home-based franchise may seem carefree, but it's not for everyone. Here are five questions to ask yourself to see if this type of business is for you.

Don Daszkowski

Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021