Travelodge / Thriftlodge Franchise

Travelodge / Thriftlodge Franchise

Travelodge by Wyndham offers friendly, reliable economy accommodations to guests in North America. Most locations are close to National Parks.

Travel & Lodging
Min. Liquid Capital

$178,683

Min. Franchise Fee

$35,000

Total Number of Units

328

About 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."

Franchising Since

1966 (59 years)

Company Units

-

Average Unit Revenue

$1,688,490

Franchise Fees

Min. Franchise Fee

$35,000

Royalty Fee

5.0%
Gross Room Revenues

Ad Fund Fee

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.

Initial Investment

$178,683 - $7,806,642

Min. Liquid Capital

$178,683

Net Worth Required

-

Benefits

Mandatory training for the general manager occurs within the franchisor's Hospitality Management Program. The franchisor may require training for employees in other designated positions. Franchisees may also receive training in the form of online courses on customer service, quality assurance, facility operations, and other relevant topics.

  • Training and Support
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