TownePlace Suites by Marriott

Hotels
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2025 Franchise 500 Rank
#310 Not ranked last year
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Initial investment
$12.4M - $36.6M
Units as of 2024
517 Increase 12.1% over 3 years

Company Overview

About TownePlace Suites by Marriott

Industry Lodging
Related Categories Hotels & Motels
Founded 1996
Parent Company Marriott Int'l. Inc.
Leadership Anthony Capuano, President & CEO
Corporate Address 7750 Wisconsin Ave.
Bethesda, MD 20814
Social Facebook, Twitter, Instagram, YouTube

Business Overview

Franchising Since 1996 (29 years)
# of employees at HQ 6,000
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 517 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a TownePlace Suites by Marriott 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 Information Circle
$75,000
Initial Investment Information Circle
$12,418,800 - $36,562,900
Royalty Fee Information Circle
5.5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
20 years
Is franchise term renewable? No
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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 TownePlace Suites by Marriott 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
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
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? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where TownePlace Suites by Marriott landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Updated: December 12th, 2022