Studio 6
#412 Franchise 500| Economy extended-stay lodging

About
Founded

1998

Franchising Since

1999 (21 Years)

Corporate Address

4001 International Pkwy.
Carrollton, TX 75007

CEO

Rob Palleschi

Parent Company

G6 Hospitality

Financial Requirements
Initial Investment

$206,850 - $9,621,350

Ongoing Fees
Initial Franchise Fee

$20,000 - $30,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options
Veteran Incentives

$1,500 general-manager training fee waived

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

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

On-The-Job Training:

16 hours

Classroom Training:

30 hours

Additional Training:

Annual convention

Absentee Ownership Allowed
Studio 6 is ranked #412 in the Franchise 500!
Bio
The first Studio 6 opened in El Paso, Texas, in 1998 with the transformation of an existing Motel 6 into an extended-stay concept. Franchising since 1999, Studio 6 offers furnished rooms with work areas and kitchenettes. Today, the Studio 6 portfolio comprises more than 100 properties, located in key markets such as Atlanta, Dallas, Houston and Seattle.
Cost
Initial Investment: Low - $206,850 High - $9,621,350
Units
+6.2%+8 UNITS (1 Year) +33.0%+34 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Asia, Canada, Central America, Mexico, South America
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

5 Things Franchise Owners Should Know About the New Department of Labor Rule on 'Joint Employment'

The Trump administration's new rule will change what qualifies as joint employment.

The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500

These 20 franchises start the new decade atop our Franchise 500 list.

Mark Wahlberg's Secret to Becoming More Disciplined

The actor and entrepreneur's greatest business asset is his own diligence.

Franchise 500: Our Definitive Ranking of 2020's Strongest Franchises

Get to know the year's top trends, toughest brands, and explore what might be your best opportunity.

#1 on the Franchise 500: Even Without the 'Donuts', Dunkin' Takes the Cake

The #1 company on our Franchise 500 list has expanded what it's known for -- and grown its customer base.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 10th, 2019

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.