Start a Travelodge by Wyndham Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #178 last year

Initial investment: $219K - $10.9M

Units as of 2024: 439 3% over 3 years

Travelodge by Wyndham is a hospitality franchisor that was started in 1935 by building contractor Scott King. In 1940, Travelodge by Wyndham became one of the first hotels to operate under the brand name itself, opening and becoming the name of King's company six years later. It began franchising in 1966. Today, the franchise operates under the parent company Wyndham Hotels and Resorts.

Travelodge by Wyndham has properties in more than 500 locations scattered throughout North America. Over 340 of the locations are in the United States. Almost half of their hotels are strategically built near National Parks. By measuring the number of franchised hotels, Wyndham Hotels and Resorts is one of the world's largest hospitality franchisors. Over the years, the franchise has built a reputation for being one of the most competitive hotels and lodging services.

Why You May Want to Start a Travelodge by Wyndham Franchise

Quality services and a guaranteed good night's sleep have made Travelodge by Wyndham popular in the hotel and lodging markets. For franchisees, the hotel franchise offers an excellent opportunity to convert your current operating hotel or build your hotel into a growing business. Buying into the Travelodge by Wyndham franchise may enable your international franchise's support.

As a franchisee, you can use the franchisor's proven systems to optimize your hotel management. Travelodge by Wyndham franchisees enjoy the sourcing and purchasing advantages offered by leveraging the brand's global footprint, scale, and strength. By being part of the Travelodge by Wyndham franchise, your hotel could significantly benefit from a pool of knowledge and experience from experts with many years in the industry.

What Might Make a Travelodge by Wyndham a Good Choice?

To become part of the Travelodge by Wyndham team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should be aware of ongoing fees that will include advertising fees and royalty fees.

The franchisor offers direct in-house financing and has established strong working relationships with third-party finance firms. Potential franchisees can use financing to fund startup costs, franchise fees, equipment, and inventory. The hospitality powerhouse strives to leverage its size to improve operations and reduce the cost of doing business in small and local hotels. This kind of strategy can potentially help steer your business to future growth.

How to Open a Travelodge by Wyndham Franchise

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Travelodge by Wyndham team.

As you decide if opening a Travelodge by Wyndham franchise is for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Travelodge by Wyndham franchise would do well in your community. If there are multiple other hotel chains in the area, you may want to reconsider your location opportunity.

To join the Travelodge by Wyndham franchise, submit an inquiry form, and you may be hosting guests soon!

Company Overview

About Travelodge by Wyndham

Industry	Lodging
Related Categories	Hotels & Motels
Founded	1939
Parent Company	Wyndham Hotels & Resorts
Leadership	Geoff Ballotti, CEO
Corporate Address	22 Sylvan Wy. Parsippany, NJ 07054
Social	Facebook, Instagram, TikTok

Business Overview

Franchising Since	1966 (58 years)
# of employees at HQ	2,217
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada
# of Units	439 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Travelodge by Wyndham 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$35,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$218,680 - $10,927,148
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off application/franchise fees; development incentive of up to $4,000/room
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	15 years/20 years
Is franchise term renewable?	Yes

Financing Options

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

In-House Financing	Travelodge by Wyndham offers in-house financing to cover the following: franchise fee, startup costs, inventory
Third Party Financing	Travelodge by Wyndham has relationships with third-party sources which offer financing to cover the following: equipment, inventory

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	Up to 30 hours
Classroom Training	41-81 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising 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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	25
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No