Established
1998
Franchise Units
20
Minimum Investment
$5,057,700
Franchise Fee
$35,000
Total Investment Range
$10,168,100
Home Based
No
Description
Affordable Suites of America is a distinguished brand in the U.S. extended-stay hotel industry, offering spacious, apartment-style accommodations tailored for guests seeking comfort and affordability. With a focus on weekly and monthly rentals, the brand caters to business travelers, relocating families, and military personnel, providing them with a homely environment during their stay. Established in 1998, Affordable Suites has built a reputation for delivering quality service and value, positioning itself as a trusted name in the lodging sector.
Why Invest in this Franchise?
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Proven Business Model: Affordable Suites operates on a sustainable extended-stay model, offering consistent revenue streams through weekly and monthly rentals.
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Market Demand: The demand for affordable, long-term accommodations is on the rise, driven by factors such as business travel, relocations, and temporary assignments.
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Brand Recognition: With over two decades in the industry, Affordable Suites has established a strong brand presence, ensuring customer loyalty and repeat business.
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Comprehensive Support: Franchisees receive extensive training and ongoing support, including assistance with site selection, marketing, and operations, ensuring a smooth and successful business journey.
Background
Established Year: Founded in 1998.
Founders & Ownership: Originally established by a strategic investment group, the brand was acquired by the private equity firm Lindsay Goldberg in 2019. It operates alongside its sister brand, stayAPT Suites, under a unified portfolio of excellence.
Active Units: Currently operating 20+ active locations across the United States.
Market Presence: Headquartered in Matthews, North Carolina, the brand has a powerful foothold in the Southeastern USA, with the largest clusters in North Carolina, Virginia, and South Carolina.
Industry Category: Mid-scale Extended Stay Hospitality.
The brand's journey began with a mission to bridge the gap between expensive corporate housing and cramped economy hotels. Over the years, it has evolved into a specialized operator known for its "open-concept" floor plans and home-like atmosphere.
Support Training
Affordable Suites of America offers a "turnkey" approach to hotel ownership, ensuring that even those new to the hospitality industry can succeed.
Pre-Launch Support: Comprehensive assistance with site selection, architectural design, and construction management. The brand provides prototypical plans that optimize room count and square footage.
Academic & Operational Training: A two-week intensive training program at the corporate headquarters covers the proprietary property management system (PMS), guest relations, and financial reporting.
Marketing Support: Franchisees benefit from a centralized reservation system and national brand marketing, including digital SEO strategies and corporate account acquisition support.
Ongoing Support: Dedicated field consultants conduct regular property audits and provide real-time coaching to ensure high guest satisfaction and brand standard compliance.
Ideal Candidate
The most successful Affordable Suites owners typically possess:
Experience in Real Estate: While hotel experience is a plus, a background in property management or real estate development is highly valued.
Strategic Growth Mindset: The brand is ideal for "developer-owners" looking to build multiple units within a specific territory or region.
Investment Capability: Candidates must have the liquidity to manage a multi-million dollar construction project or a major hotel conversion.
Passion for Service: A commitment to maintaining a clean, safe, and quiet environment that feels like "home" for long-term guests.
Location Preference: Suburban corridors near industrial parks, medical centers, or major transit hubs are preferred.
Financial Detail
| Category | Details |
| Total Investment Required | $5,057,700 – $10,168,100 |
| Minimum Cash (Liquid) Required | $1,265,000+ |
| Franchise Fee | $35,000 |
| Active Franchise Units | 32+ across 8 states |
| Royalty Fees | 5% to 6% of gross room revenue |
| Marketing Budget/Fees | 1% to 3% |
| Working Capital | Recommended $250,000 – $500,000 |
| Expected ROI | Driven by low labor costs and long-term occupancy stability. |
| Break-even Time | Typically aligns with industry standards of 3–5 years for new builds. |