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Travelodge by Wyndham logo

Travelodge by Wyndham

Hotels

Investment

$226,942

Initial Franchise Fee

$35,000

Units

423

Growth Rate

-6%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Lodging
Founded 1939
Franchising Since 1966
Parent Company Wyndham Hotels & Resorts
Leadership Geoff Ballotti, CEO
# of Employees at HQ 2018
Follow
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Units and Growth Chart

About Travelodge by Wyndham

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!

Investment Details

Initial Franchise Fee $35,000
Initial Investment $226,942 - $10,986,279
Net Worth Requirement
Cash Requirement
Royalty Fee 5%
Ad Royalty Fee 2%
Technology Fee 0
Term of Agreement 15 years/20 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 50% off application/franchise fees; development incentive of up to $4,000/room

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

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 & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
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

Ranking History

Travelodge by Wyndham performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Âé¶¹Éç Media. Our listings and rankings are solely research tools you can use to compare opportunities. Âé¶¹Éç stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022