Travelodge by Wyndham

Travelodge by Wyndham

Hotels
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2021 Franchise 500 Rank
#338 Ranked #112 last year
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Initial investment
$185K - $8.7M
Units as of 2021
455 7.3% over 3 years

Company Overview

Building contractor Scott King opened his first motel, King's Auto Court in 1935-- in time to welcome guests visiting San Diego's World's Fair. Over the next five years, he opened 24 more hotels around Southern California. The first one under the name Travelodge opened in 1940, and this became the name of Scott's company in 1946. Today Travelodge by Wyndham is part of the Wyndham Hotels & Resorts group of hotel chains.

About Travelodge by Wyndham

Industry
Lodging
Related Categories
Hotels & Motels
Founded
1939
Parent Company
Wyndham Hotels & Resorts
Leadership
Geoff Ballotti, CEO
Ticker Symbol
WH

Franchising Overview

Franchising Since
1966 (55 years)
# of employees at HQ
9,000
Where seeking

This company is seeking new franchisees worldwide.

This company is seeking new franchisees in the following international regions: Canada

# of Units
455 (as of 2021)

Franchisor Information

Corporate Address
22 Sylvan Wy.
Parsippany, NJ 07054

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
$35,000
Initial Investment
$185,415 - $8,748,998
Veteran Incentives
50% off application/franchise fees; development incentive of up to $4,000/room
Royalty Fee
4.5%
Ad Royalty Fee
4%
Term of Agreement
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
Additional Training
Regional workshops; customized property training
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
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?
No
Can this franchise be run part time?
No
# of employees required to run
25
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Travelodge by Wyndham landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Travelodge by Wyndham ranked on other franchise lists? Find out below.

Ranked #338

Franchise 500 Ranking

Ranked #87

Top Global Franchises

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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