Travelodge by Wyndham offers friendly, reliable economy accommodations to guests in North America. Most locations are close to National Parks.
Travel & LodgingAbout Travelodge / Thriftlodge
Travelodge is one of the lodging brands owned by Wyndham Hotels & Resorts, Inc. This corporation owns a variety of hotel brands in several different categories, including "value," "upscale," and "extended stay." The Travelodge brand falls under the "value" category in the United States. In Canada, the brand falls under the "midscale" sector of the lodging industry.
Travelodge (also referred to as "Travelodge by Wyndham") hotels cater to leisure travelers looking for affordable accommodations in North America. Hotels range in size from 40 to 100 rooms and generally offer amenities such as pools, free high-speed internet access, and included continental breakfast. Most are located close to National Parks and similar attractions. The brand is positioned as "your basecamp for adventure," with key watchwords being "friendly" and "reliable."
1966 (59 years)
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$1,688,490
Franchise Fees
$35,000
5.0%
Gross Room Revenues
2.0%
Gross Room Revenues
Why Travelodge / Thriftlodge?
The Travelodge brand is part of the WHR corporation, which owns over 20 successful lodging brands in 82 countries. A Travelodge franchise could offer an entrepreneur the chance to succeed in the competitive hospitality industry with support from a large corporation with a well-known guest rewards program (Wyndham Rewards). The franchisor indicates Travelodge boasts 65% brand awareness. A Travelodge franchise could be a good choice for those wishing to operate a business in the North American hospitality industry.
Ideal Candidate
Ideal candidates for a Travelodge franchise would have the desire and financial resources to invest in a conversion or new-construction hotel. Potential franchisees should be able to provide capital or secure financing for the total investment amount, which is over $1,000,000 in most cases.
$178,683 - $7,806,642
$178,683
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