Established
1996
Franchise Units
300
Minimum Investment
$8,100,000
Franchise Fee
$50,000
Total Investment Range
$10,700,000
Home Based
No
Description
Candlewood Suites, a part of the InterContinental Hotels Group (IHG), is a leading extended-stay hotel brand in the USA. Designed for travelers seeking the comfort of home during long stays, Candlewood Suites offers spacious suites with fully equipped kitchens, comfortable living areas, and top-notch amenities. With a focus on midscale extended-stay guests, Candlewood Suites provides exceptional value and convenience, making it an ideal opportunity for franchisees looking to invest in the hospitality sector.
Background
Established in 1996, Candlewood Suites quickly became one of the most recognized names in the extended-stay category. Since being acquired by IHG in 2004, the brand has seen consistent growth across the U.S., benefiting from IHG’s global resources, strong distribution channels, and proven reservation systems. With over 300 locations nationwide, Candlewood Suites continues to be a reliable and in-demand option for both guests and investors.
Support Training
Candlewood Suites provides a comprehensive support system backed by IHG, which includes:
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Initial and ongoing training programs
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IHG University access for continuous learning
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Property opening support
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Operations manuals and on-site consultation
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Sales, marketing, and revenue management support
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Proprietary technology and booking systems
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Access to IHG Rewards loyalty program
Franchisees also benefit from the strong brand recognition and global reputation of the IHG family.
Ideal Candidate
Candlewood Suites is best suited for:
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Experienced hospitality or real estate investors
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Hotel developers looking to diversify
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Entrepreneurs with a passion for customer service
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Individuals or investment groups with access to capital
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Franchisees seeking a long-term, stable investment in the extended-stay sector
The ideal candidate should understand hotel operations, local market trends, and be committed to upholding the high standards of the IHG brand family.
Financial Detail
Franchise Fee: $50,000
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Total Investment Range: $8,100,000 – $10,700,000
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Minimum Investment Required: $8,100,000
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Royalty Fee: 5% of gross room revenue
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Advertising/Marketing Fee: 5% of gross room revenue
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Franchise Units (U.S.): Over 300 locations
These figures can vary based on location, land cost, construction variables, and local development requirements.