Franopolis
    CH

    Cobblestone Hotels

    Franchise research report · reviewed 2026 disclosure data

    Researching Cobblestone Hotels franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Cobblestone Hotels franchises lodging properties under hotel brands including Cobblestone Hotel & Suites and Cobblestone Inn & Suites. Properties operate as hotels serving travelers, with franchisees able to develop new locations or convert existing properties.

    Headline figures

    Quick facts

    How much does it cost to open a Cobblestone Hotels franchise?
    The Cobblestone Hotels Franchise Disclosure Document reports separate estimated initial investments by format: $101,999 for conversion only (conversion total estimated initial investment: $101,999–$2,382,999, excluding real estate cost) (2026 FDD, Item 7, PDF p. 24); $5,985,874 for new construction total estimated initial investment: $5,985,874–$15,522,699, excluding real estate cost (2026 FDD, Item 7, PDF p. 27). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Cobblestone Hotels initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $5,000 (2026 FDD, Item 5, PDF p. 13). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    Does Cobblestone Hotels disclose financial performance (Item 19)?
    Yes. The Cobblestone Hotels FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 57). Figures apply only to the locations and period each one covers. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $101,999 (Conversion Total Estimated Initial Investment: $101,999–$2,382,999, excluding real estate cost); $5,985,874 (New Construction Total Estimated Initial Investment: $5,985,874–$15,522,699, excluding real estate cost); several initial fee options apply.
    2. 2Item 19 covers 5 separate groups: other measures for 54 Franchised Cobblestone Inn & Suites and Hotel & Suites locations; other measures for 54 Franchised Cobblestone Inn & Suites and Hotel & Suites locations; other measures for 55 Franchised Cobblestone Inn & Suites and Hotel & Suites locations; other measures for locations; other measures for Franchised Cobblestone Inn & Suites and Hotel & Suites locations. They are not combined.

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • Conversion Total Estimated Initial Investment: $101,999–$2,382,999, excluding real estate costPDF p. 24$101,999
    • New Construction Total Estimated Initial Investment: $5,985,874–$15,522,699, excluding real estate costPDF p. 27$5,985,874

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 13
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    40 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    5 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 54 locations

    Who is counted
    Sample hotels45+rooms open24months endedDecember31 2025 withconsistentfinancialdata
    Excluded
    Costs ofsales, operatingexpenses, royalties/marketing, debtservice,equipmentleases,incometaxes excluded. Narrative55sample;2024roomcounttable54; sourcepercentages/countsretained.
    Method
    CRSshareofgrossroomsrevenue; ADRtotalroomrevenue/occupiedrooms. Annual2024/2025 columns separately.

    Locations counted: not stated in the reviewed record

    Other measures · 54 locations

    Who is counted
    Cobblestone Inn & Suites and Cobblestone Hotel & Suites Sample Hotels; CRS contribution, fiscal year 2024
    Excluded
    CRS contribution only; excludes operating costs, fees, debt service, equipment leases, and income taxes.
    Method
    CRSshareofgrossroomsrevenue; ADRtotalroomrevenue/occupiedrooms. Annual2024/2025 columns separately.

    Locations counted: not stated in the reviewed record

    Other measures · 55 locations

    Who is counted
    Sample hotels45+rooms open24months endedDecember31 2025 withconsistentfinancialdata
    Excluded
    Costs ofsales, operatingexpenses, royalties/marketing, debtservice,equipmentleases,incometaxes excluded. Narrative55sample;2024roomcounttable54; sourcepercentages/countsretained.
    Method
    CRSshareofgrossroomsrevenue; ADRtotalroomrevenue/occupiedrooms. Annual2024/2025 columns separately.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    SampleHotels
    Method
    Narrative55while2024roomstable54; bothretained.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Sample hotels45+rooms open24months endedDecember31 2025 withconsistentfinancialdata
    Excluded
    Costs ofsales, operatingexpenses, royalties/marketing, debtservice,equipmentleases,incometaxes excluded. Narrative55sample;2024roomcounttable54; sourcepercentages/countsretained.
    Method
    CRSshareofgrossroomsrevenue; ADRtotalroomrevenue/occupiedrooms. Annual2024/2025 columns separately.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Coverage not stated in the reviewed record · counts as of year end of each year.

    2026 FDD · Item 20 ·

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($101,999 – $5,985,874) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Standard initial franchise fee — Item 5 · PDF p. 13
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Sample hotels45+rooms open24months endedDecember31 2025 withconsistentfinancial… · PDF p. 57; PDF p. 56; PDF p. 58
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Cobblestone Inn & Suites and Cobblestone Hotel & Suites Sample Hotels; CRS cont… · PDF p. 56
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Sample hotels45+rooms open24months endedDecember31 2025 withconsistentfinancial… · PDF p. 56; PDF p. 57; PDF p. 58
    5. [5]Item 19 — Locations counted not stated in the reviewed record — SampleHotels · PDF p. 56
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Sample hotels45+rooms open24months endedDecember31 2025 withconsistentfinancial… · PDF p. 56

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    151 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$283,520
    2025reservation system revenue$2,389,338
    2025operating right-of-use asset, net$23,042
    2025loyalty program revenue$1,526,044
    2025distributions to members-$3,379,429
    2025certificate of deposit$852,233
    2025loyalty program liability, current portion$130,757
    2025loyalty program liability, net of current portion$222,249
    2025total liabilities and members' equity$5,295,873
    2025convention expense$437,917
    2025convention sponsorship revenue and fees$315,607
    2025marketing expense$1,235,965
    2025members' equity, ending$3,049,953
    2025amortization of prepaid franchisee expenses$32,014
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$91,320
    2025cash and cash equivalents, ending$3,689,108
    2025net cash flows from financing activities-$4,625,038
    2025goodwill, net$146,475
    2025prepaid franchisee expenses, net of current portion$58,121
    2025intangible assets, net$83,700
    2025less accumulated depreciation-$15,740
    2025assets current assets cash and cash equivalents$3,689,108
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$139,314
    2025prepaid franchisee expenses, current portion$20,360
    2025total current assets$4,984,535
    2025property and equipment equipment$15,740
    2025total other assets$311,338
    2025total assets$5,295,873
    2025liabilities and members' equity current liabilities accounts payable$129,498
    2025accrued payrollMore than one value recorded for this year — open the FDD source before comparing$4,857
    2025deferred revenues, current portion$108,841
    2025members' equity$3,049,953
    2025operating lease liability, current portion$11,274
    2025total current liabilities$385,227
    2025deferred revenues, net of current portion$1,626,676
    2025operating lease liability, net of current portion$11,768
    2025total long-term liabilities$1,860,693
    2025total liabilities$2,245,920
    2025franchise fee revenues$4,444,545
    2025marketing revenue$772,589
    2025other revenue$340,316
    2025total revenues$9,788,439
    2025operating costs and expenses reservation system$2,068,800
    2025loyalty program expense$558,400
    2025salaries and wages$691,437
    2025office expense$188,039
    2025professional fees$172,033
    2025development fee$18,516
    2025bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$69,990
    2025rent expense$12,000
    2025insurance expense$82,863
    2025other expenses$65,024
    2025depreciation expense$2,684
    2025amortization expense$89,100
    2025total operating costs and expenses$5,692,768
    2025operating income$4,095,671
    2025other income interest income$64,432
    2025net income$4,160,103
    2025members' equity, beginning$2,269,279
    2025depreciation$2,684
    2025bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$69,990
    2025amortization$89,100
    2025noncash lease expense$10,802
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$48,575
    2025collections on prepaid franchisee expenses$65,738
    2025accounts payable-$43,672
    2025accrued payrollMore than one value recorded for this year — open the FDD source before comparing-$18,644
    2025deferred revenues-$40,675
    2025loyalty program liability$62,691
    2025lease liability-$10,802
    2025net cash flows from operating activities$4,239,434
    2025cash flows from investing activities investment in certificate of deposit, net-$131,864
    2025net cash flows from investing activities-$131,864
    2025cash flows from financing activities distributions to members-$4,625,038
    2025net change in cash and cash equivalents-$517,468
    2025cash and cash equivalents, beginning$4,206,576
    2025supplemental cash flows disclosures cash paid for operating lease$12,000
    2024net property and equipment$2,684
    2024total revenues$9,505,956
    2024goodwill, net$203,175
    2024certificate of depositMore than one value recorded for this year — open the FDD source before comparing$720,369
    2024operating lease liability, current portion$10,802
    2024total assets$5,811,910
    2024total long-term liabilities$1,841,929
    2024members' equity$2,269,279
    2024accrued payrollMore than one value recorded for this year — open the FDD source before comparing$23,501
    2024convention sponsorship revenue and fees$267,015
    2024members' equity, ending$2,269,279
    2024bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$65,358
    2024operating costs and expenses reservation system$2,077,827
    2024reservation system revenue$2,379,968
    2024loyalty program liability, current portion$137,320
    2024amortization expense$89,100
    2024accrued payrollMore than one value recorded for this year — open the FDD source before comparing-$2,332
    2024cash flows from investing activities investment in certificate of deposit, net-$720,369
    2024development fee$18,864
    2024operating income$3,973,834
    2024collections on prepaid franchisee expenses$136,668
    2024noncash investing and financing activities operating lease right-of-use asset obtained in exchange for lease liability$33,840
    2024rent expense$12,000
    2024other expenses$69,479
    2024other income interest income$97,744
    2024deferred revenues-$137,571
    2024lease liabilityMore than one value recorded for this year — open the FDD source before comparing-$11,939
    2024net cash flows from financing activities-$2,460,926
    2024prepaid franchisee expenses, net of current portion$138,946
    2024intangible assets, net$116,100
    2024property and equipment equipment$15,740
    2024less accumulated depreciation-$13,056
    2024assets current assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$4,206,576
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing$262,190
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$90,739
    2024prepaid franchisee expenses, current portion$37,287
    2024total current assets$5,317,161
    2024operating right-of-use asset, net$33,844
    2024total other assets$492,065
    2024liabilities and members' equity current liabilities accounts payable$173,170
    2024declared distributions payable$1,245,609
    2024deferred revenues, current portion$110,300
    2024total current liabilities$1,700,702
    2024deferred revenues, net of current portion$1,665,892
    2024loyalty program liability, net of current portion$152,995
    2024operating lease liability, net of current portion$23,042
    2024total liabilities$3,542,631
    2024total liabilities and members' equity$5,811,910
    2024franchise fee revenues$4,389,726
    2024loyalty program revenue$1,301,868
    2024marketing revenue$680,003
    2024other revenue$487,376
    2024loyalty program expense$566,322
    2024salaries and wages$740,808
    2024convention expense$444,905
    2024office expense$219,079
    2024marketing expense$971,632
    2024professional fees$180,229
    2024bad debt expenseMore than one value recorded for this year — open the FDD source before comparing$65,358
    2024insurance expense$73,593
    2024depreciation expense$2,926
    2024total operating costs and expenses$5,532,122
    2024net income$4,071,578
    2024members' equity, beginning$258,627
    2024distributions to members-$2,060,926
    2024depreciation$2,926
    2024amortization$89,100
    2024amortization of prepaid franchisee expenses$53,016
    2024noncash lease expense$11,939
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$28,210
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$55,062
    2024accounts payable$56,247
    2024loyalty program liability$100,385
    2024net cash flows from operating activities$4,462,227
    2024net cash flows from investing activities-$720,369
    2024cash flows from financing activities distributions to members-$2,460,926
    2024net change in cash and cash equivalents$1,280,932
    2024cash and cash equivalents, beginning$2,925,644
    2024cash and cash equivalents, ending$4,206,576
    2024supplemental cash flows disclosures cash paid for operating lease$12,000
    2024assets current assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$4,206,576
    2024certificate of depositMore than one value recorded for this year — open the FDD source before comparing$720,369
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing$262,190
    2024prepaid franchisee expenses$189,684
    2024lease liabilityMore than one value recorded for this year — open the FDD source before comparing-$11,939
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing$299,338
    2023total current assets$3,427,820
    2023intangible assets, net$148,500
    2023total other assets$729,198
    2023total liabilities$3,904,001
    2023deferred revenues, current portion$114,633
    2023office expense$107,467
    2023convention expense$498,052
    2023franchise fee revenues$4,054,472
    2023other revenue$85,177
    2023members' equity, ending$258,627
    2023professional fees$153,023
    2023total operating costs and expenses$4,364,271
    2023marketing expense$811,208
    2023other expenses$83,841
    2023accrued payrollMore than one value recorded for this year — open the FDD source before comparing$6,377
    2023assets current assets cash and cash equivalents$2,925,644
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$145,801
    2023prepaid franchisee expenses, current portion$57,037
    2023property and equipment equipment$15,740
    2023less accumulated depreciation-$10,130
    2023net property and equipment$5,610
    2023prepaid franchisee expenses, net of current portion$308,880
    2023goodwill, net$259,875
    2023operating right-of-use asset, net$11,943
    2023total assets$4,162,628
    2023liabilities and members' equity current liabilities accounts payable$116,923
    2023accrued payrollMore than one value recorded for this year — open the FDD source before comparing$25,833
    2023declared distributions payable$1,645,609
    2023loyalty program liability, current portion$15,194
    2023operating lease liability, current portion$11,943
    2023total current liabilities$1,930,135
    2023deferred revenues, net of current portion$1,799,130
    2023loyalty program liability, net of current portion$174,736
    2023total long-term liabilities$1,973,866
    2023members' equity$258,627
    2023total liabilities and members' equity$4,162,628
    2023reservation system revenue$2,261,466
    2023convention sponsorship revenue and fees$291,138
    2023loyalty program revenue$982,477
    2023marketing revenue$575,331
    2023total revenues$8,250,061
    2023operating costs and expenses reservation system$1,434,984
    2023loyalty program expense$423,750
    2023salaries and wages$568,734
    2023development fee$22,524
    2023bad debt expense$20,180
    2023rent expense$12,000
    2023insurance expense$65,740
    2023depreciation expense$2,926
    2023amortization expense$159,842
    2023operating income$3,885,790
    2023other income interest income$282
    2023net income$3,886,072
    2023members' equity, beginning$2,708,297
    2023distributions to members-$6,335,742
    2023noncash lease expense$11,820
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$218,389
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$76,933
    2023prepaid franchisee expenses$57,128
    2023accounts payable-$24,913
    2023deferred revenues$290,414
    2023loyalty program liability$21,123
    2023lease liability-$11,820
    2023net cash flows from operating activities$4,123,827
    2023cash flows from financing activities distributions to members-$4,690,133
    2023net change in cash and cash equivalents-$566,306
    2023cash and cash equivalents, beginning$3,491,950
    2023supplemental cash flows disclosures cash paid for operating lease$12,000

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    ASAffordable Suites of AmericaChoice Hotels EverhomeChoice Hotels InternationalCCClassico Collection By SonestaDoubleTree with PiebirdESExtended Stay America Suites

    Head-to-head comparisons

    Cobblestone Hotels vs Affordable Suites of AmericaCobblestone Hotels vs Choice Hotels EverhomeCobblestone Hotels vs Choice Hotels International
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.