lobby 1,307 sq. ft. acreage 1.84 acres to settle in · * 2019 candlewood suites franchise...

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TO SETTLE IN YOUR SPACE

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Page 1: Lobby 1,307 sq. ft. Acreage 1.84 acres TO SETTLE IN · * 2019 Candlewood Suites Franchise Disclosure Document WHERE WE PLAY Midscale Extended Stay TARGET GUEST Our target guest is

DEVELOPMENT.IHG.COM

PROTOTYPE SITE PLAN DETAILS

Acreage 1.84 acres

Gross Building Area 56,473 sq. ft.

Number of Floors 4

Total Suite Count 108 Suites

Gross Building Area per Key 523 sq. ft.

Parking Spaces 108

GUEST SUITES

King Studio (79) 307 sq. ft. | 26’-0”x12’-6”

Queen/Queen Studio (17) 353 sq. ft. | 26’-0”x12’-6”

One Bedroom Suite (12) 567 sq. ft. | 30’-0”x12’-6”

King Beds, 55” TVs and recliners

Enhanced storage in kitchen and open closet

PUBLIC SPACE

Lobby — 1,307 sq. ft.

Fitness Center — 551 sq. ft.

Total Public Space — 2,098 sq. ft.

Open Candlewood Cupboard adjacent to front desk

20+ seats offered in open concept lobby

BACK OF HOUSE

2,410 sq. ft. King Studio Suite

CONTACT US

BUILDING SUMMARY

TO SETTLE INYOUR SPACE

Visit design.candlewoodsuites.com for more details.

Page 2: Lobby 1,307 sq. ft. Acreage 1.84 acres TO SETTLE IN · * 2019 Candlewood Suites Franchise Disclosure Document WHERE WE PLAY Midscale Extended Stay TARGET GUEST Our target guest is

WHAT WE STAND FORAt Candlewood Suites®, we believe the world is a better place when travelers have personal and physical space to settle in. We know our travelers are at their best when they have a sense of normalcy on an extended stay. Our guests expect and appreciate our reliable service, amenities, and straight forward offerings that support their independent ways.

FRANCHISE HOTEL PERFORMANCE*Average Daily Room Rate: $85.09

Average Occupancy: 74.1%

Average Revpar: $63.09

IHG® Rewards Club generated a

median of 53.7% of bookings at

Candlewood Suites® hotels in 2018.

IHG’s booking channels represent an

average of 49.7% of Candlewood Suites

reservations.

COMPETITIVE FEESTRUCTURE*Application Fee:

The greater of $50,000

or $500 per guest room

Royalty Fee:

5.0% of Gross Rooms Revenue

Services Contribution:

2.5% of Gross Rooms Revenue

COST TO BUILDTarget Cost Per Key For 108-Suite Prototype: $105,000 - $115,000

(Excludes land, contingency, utility tap, and permit fees)

* 2019 Candlewood Suites Franchise Disclosure Document

WHERE WE PLAYMidscale Extended Stay

TARGET GUEST Our target guest is the self-suffi cient traveler. They are seeking self-service amenities, an easygoing environment, access to items they’re used to having at home, and support from a familiar face when they need it.

DISTRIBUTION

407 92

WHY THE BRAND1

2

3

4

Open Pipeline

AMERICAS

Extended-stay operating model | guestsstaying 5+ nights, straightforward amenities,and weekly housekeeping means less roomturnover and a lower team-member-to-guestratio. This creates lower operating costs for you.

Focused guest services and amenities | free laundry facilities, complimentary gas grills, cozy recliners, and weekly housekeeping.

Spacious suites | fully equipped kitchen, largeworkspace, comfortable bedding, and plenty of in-room storage space.

Effi cient design | open-concept lobby, straightforward zoning, enhanced organization, and development flexibility.

As of September 30, 2019

Page 3: Lobby 1,307 sq. ft. Acreage 1.84 acres TO SETTLE IN · * 2019 Candlewood Suites Franchise Disclosure Document WHERE WE PLAY Midscale Extended Stay TARGET GUEST Our target guest is

WHAT WE STAND FORAt Candlewood Suites®, we believe the world is a better place when travelers have personal and physical space to settle in. We know our travelers are at their best when they have a sense of normalcy on an extended stay. Our guests expect and appreciate our reliable service, amenities, and straight forward offerings that support their independent ways.

FRANCHISE HOTEL PERFORMANCE*Average Daily Room Rate: $85.09

Average Occupancy: 74.1%

Average Revpar: $63.09

IHG® Rewards Club generated a

median of 53.7% of bookings at

Candlewood Suites® hotels in 2018.

IHG’s booking channels represent an

average of 49.7% of Candlewood Suites

reservations.

COMPETITIVE FEESTRUCTURE*Application Fee:

The greater of $50,000

or $500 per guest room

Royalty Fee:

5.0% of Gross Rooms Revenue

Services Contribution:

2.5% of Gross Rooms Revenue

COST TO BUILDTarget Cost Per Key For 108-Suite Prototype: $105,000 - $115,000

(Excludes land, contingency, utility tap, and permit fees)

* 2019 Candlewood Suites Franchise Disclosure Document

WHERE WE PLAYMidscale Extended Stay

TARGET GUEST Our target guest is the self-suffi cient traveler. They are seeking self-service amenities, an easygoing environment, access to items they’re used to having at home, and support from a familiar face when they need it.

DISTRIBUTION

407 92

WHY THE BRAND1

2

3

4

Open Pipeline

AMERICAS

Extended-stay operating model | guestsstaying 5+ nights, straightforward amenities,and weekly housekeeping means less roomturnover and a lower team-member-to-guestratio. This creates lower operating costs for you.

Focused guest services and amenities | free laundry facilities, complimentary gas grills, cozy recliners, and weekly housekeeping.

Spacious suites | fully equipped kitchen, largeworkspace, comfortable bedding, and plenty of in-room storage space.

Effi cient design | open-concept lobby, straightforward zoning, enhanced organization, and development flexibility.

As of September 30, 2019

Page 4: Lobby 1,307 sq. ft. Acreage 1.84 acres TO SETTLE IN · * 2019 Candlewood Suites Franchise Disclosure Document WHERE WE PLAY Midscale Extended Stay TARGET GUEST Our target guest is

DEVELOPMENT.IHG.COM

PROTOTYPE SITE PLAN DETAILS

Acreage 1.84 acres

Gross Building Area 56,473 sq. ft.

Number of Floors 4

Total Suite Count 108 Suites

Gross Building Area per Key 523 sq. ft.

Parking Spaces 108

GUEST SUITES

King Studio (79) 307 sq. ft. | 26’-0”x12’-6”

Queen/Queen Studio (17) 353 sq. ft. | 26’-0”x12’-6”

One Bedroom Suite (12) 567 sq. ft. | 30’-0”x12’-6”

King Beds, 55” TVs and recliners

Enhanced storage in kitchen and open closet

PUBLIC SPACE

Lobby — 1,307 sq. ft.

Fitness Center — 551 sq. ft.

Total Public Space — 2,098 sq. ft.

Open Candlewood Cupboard adjacent to front desk

20+ seats offered in open concept lobby

BACK OF HOUSE

2,410 sq. ft. King Studio Suite

CONTACT US

BUILDING SUMMARY

TO SETTLE INYOUR SPACE

Visit design.candlewoodsuites.com for more details.