Franopolis
    HS

    HomeTowne Studios by Red Roof

    Franchise research report · reviewed 2026 disclosure data

    Researching HomeTowne Studios by Red Roof franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    HomeTowne Studios by Red Roof franchise specializes in extended-stay accommodations, offering affordable weekly and monthly rates for guests seeking longer-term

    Headline figures

    Quick facts

    How much does it cost to open a HomeTowne Studios by Red Roof franchise?
    The HomeTowne Studios by Red Roof Franchise Disclosure Document reports separate estimated initial investments by format: $11,734,393–$14,457,291 for table 1 124-room new build hts/hometown/hometowne inn — as arranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) (2026 FDD, Item 7, PDF p. 28); $11,894,393–$14,857,291 for table 2 124-room new build hts suites — as arranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) (2026 FDD, Item 7, PDF p. 30); $13,588,418–$15,860,090 for table 4 140-room new build red roof plus plus hts — as arranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) (2026 FDD, Item 7, PDF p. 34); $420,000–$1,354,100 for conversion only (table 5 65-room conversion hts/hometown/hometowne inn — as arranged as incurred vendors & employees total (note 14)) (2026 FDD, Item 7, PDF p. 38); $428,500–$1,362,100 for conversion only (table 6 65-room conversion hts suites — as arranged as incurred vendors & employees total (note 14)) (2026 FDD, Item 7, PDF p. 39); $693,268–$2,284,813 for conversion only (table 7 120-room conversion red roof inn plus hts — as arranged as incurred vendors & employees total (note 14)) (2026 FDD, Item 7, PDF p. 41); $13,569,518–$15,836,090 for table 3 140-room new build red roof inn plus hts — as arranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) (2026 FDD, Item 7, PDF p. 32). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does HomeTowne Studios by Red Roof charge?
    The disclosed ongoing royalty is 5.5% (2026 FDD, Item 6, PDF p. 17). The brand or advertising fund contribution is 3% (2026 FDD, Item 6, PDF p. 17). Other recurring fees are listed in Item 6. Details
    Does HomeTowne Studios by Red Roof disclose financial performance (Item 19)?
    Yes. The HomeTowne Studios by Red Roof FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 65). Figures apply only to the locations and period each one covers. Details
    How many HomeTowne Studios by Red Roof locations are there?
    The FDD reports 53 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 67). Existing locations do not indicate territory availability. 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: $11,734,393 – $14,457,291 (Table 1 124-room new build HTS/HomeTown/HomeTowne Inn — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)); $11,894,393 – $14,857,291 (Table 2 124-room new build HTS Suites — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)); $13,588,418 – $15,860,090 (Table 4 140-room new build Red Roof PLUS plus HTS — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)); $420,000 – $1,354,100 (Table 5 65-room conversion HTS/HomeTown/HomeTowne Inn — As Arranged As Incurred Vendors & Employees TOTAL (Note 14)); $428,500 – $1,362,100 (Table 6 65-room conversion HTS Suites — As Arranged As Incurred Vendors & Employees TOTAL (Note 14)); $693,268 – $2,284,813 (Table 7 120-room conversion Red Roof Inn plus HTS — As Arranged As Incurred Vendors & Employees TOTAL (Note 14)); $13,569,518 – $15,836,090 (Table 3 140-room new build Red Roof Inn plus HTS — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)); several initial fee options apply.
    2. 2Item 19 covers 6 separate groups: other measures for 78 locations; other measures for 27 Affiliate-owned locations; other measures for 51 Franchised locations; other measures for 78 Combined affiliate and franchised locations; other measures for 27 locations; other measures for 51 locations. They are not combined.
    3. 3Outlets grew by 8 in 2025, to 53 (United States, as labeled in the FDD, Item 20).

    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 7 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (7)

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

    • Table 5 65-room conversion HTS/HomeTown/HomeTowne Inn — As Arranged As Incurred Vendors & Employees TOTAL (Note 14)PDF p. 38$420,000 – $1,354,100
    • Table 6 65-room conversion HTS Suites — As Arranged As Incurred Vendors & Employees TOTAL (Note 14)PDF p. 39$428,500 – $1,362,100
    • Table 7 120-room conversion Red Roof Inn plus HTS — As Arranged As Incurred Vendors & Employees TOTAL (Note 14)PDF p. 41$693,268 – $2,284,813
    • Table 1 124-room new build HTS/HomeTown/HomeTowne Inn — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)PDF p. 28$11,734,393 – $14,457,291
    • Table 2 124-room new build HTS Suites — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)PDF p. 30$11,894,393 – $14,857,291
    • Table 3 140-room new build Red Roof Inn plus HTS — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)PDF p. 32$13,569,518 – $15,836,090
    • Table 4 140-room new build Red Roof PLUS plus HTS — As Arranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21)PDF p. 34$13,588,418 – $15,860,090

    Ongoing Fees — Item 6

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

    Royalty percentage of Gross Room RevenuesMain ongoing fee

    101 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?

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

    Locations counted: not stated in the reviewed record

    Other measures · 78 locations

    Who is counted
    Combined affiliate-owned and franchised HomeTowne Studios hotels open and operating for at least one year in the reporting period
    Period
    RevPAR index against compset
    Excluded
    Two franchised hotels opened in the reporting year excluded; franchised group includes six previously affiliate-owned hotels sold to franchisees.
    Method
    STR competitive group approximately five comparable local hotels.

    Locations counted: not stated in the reviewed record

    Other measures · 27 locations

    Who is counted
    Affiliate-owned hotels open at least full year
    Period
    Daily Room Rate Mean
    Excluded
    Two new franchised hotels excluded; franchise data includes six affiliate-owned hotels sold to franchisees in 2025.
    Method
    Unaudited records and franchisee reports; ADR revenue/occupied rooms, occupancy occupied/available, brand contribution specified distribution channel revenue/total.

    Locations counted: not stated in the reviewed record

    Other measures · 51 locations

    Who is counted
    Franchised hotels open at least full year
    Period
    Daily Room Rate Mean
    Excluded
    Two new franchised hotels excluded; franchise data includes six affiliate-owned hotels sold to franchisees in 2025.
    Method
    Unaudited records and franchisee reports; ADR revenue/occupied rooms, occupancy occupied/available, brand contribution specified distribution channel revenue/total.

    Locations counted: not stated in the reviewed record

    Other measures · 78 locations

    Who is counted
    Combined affiliate and franchised hotels open at least full year
    Period
    Daily Room Rate Count at/above mean
    Excluded
    Two new franchised hotels excluded; franchise data includes six affiliate-owned hotels sold to franchisees in 2025.
    Method
    Unaudited records and franchisee reports; ADR revenue/occupied rooms, occupancy occupied/available, brand contribution specified distribution channel revenue/total.

    Locations counted: not stated in the reviewed record

    Other measures · 27 locations

    Who is counted
    Affiliate
    Period
    RevPAR index against compset
    Method
    STR competitive group approximately five comparable local hotels.

    Locations counted: not stated in the reviewed record

    Other measures · 51 locations

    Who is counted
    Franchised
    Period
    RevPAR index against compset
    Method
    STR competitive group approximately five comparable local hotels.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 67

    Net +28 outlets, 2023–2025

    0252023452024532025+20+8

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    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 ($420,000 – $15,860,090) 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?

    • Reported units went from 45 to 53 in 2025. How many new units opened, closed or changed hands?

    • 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]Item 19 — Locations counted not stated in the reviewed record — Combined affiliate-owned and franchised HomeTowne Studios hotels open and opera… · PDF p. 65
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Affiliate-owned hotels open at least full year · PDF p. 65
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchised hotels open at least full year · PDF p. 65
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Combined affiliate and franchised hotels open at least full year · PDF p. 65
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Affiliate · PDF p. 65
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Franchised · PDF p. 65
    7. [7]Outlet counts — Item 20, Table 1 · PDF p. 67

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

    Territory & operations

    73 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
    2025deferred franchise sales commissionsMore than one value recorded for this year — open the FDD source before comparing$3,686,955
    2025operating lease right-of-use assetMore than one value recorded for this year — open the FDD source before comparing$1,693,482
    2025total assetsMore than one value recorded for this year — open the FDD source before comparing$51,774,141
    2025payable to affiliatesMore than one value recorded for this year — open the FDD source before comparing$5,099,436
    2025note payable, affiliateMore than one value recorded for this year — open the FDD source before comparing$3,900,000
    2025revenuesMore than one value recorded for this year — open the FDD source before comparing$84,832,782
    2025personnel costsMore than one value recorded for this year — open the FDD source before comparing$28,027,271
    2025sales and marketingMore than one value recorded for this year — open the FDD source before comparing$19,309,597
    2025general and administrativeMore than one value recorded for this year — open the FDD source before comparing$19,480,057
    2025amortizationMore than one value recorded for this year — open the FDD source before comparing$271,844
    2025depreciationMore than one value recorded for this year — open the FDD source before comparing$191,849
    2025total expensesMore than one value recorded for this year — open the FDD source before comparing$67,280,618
    2025income before interest and taxesMore than one value recorded for this year — open the FDD source before comparing$17,552,164
    2025other expenseMore than one value recorded for this year — open the FDD source before comparing$215,486
    2025interest incomeMore than one value recorded for this year — open the FDD source before comparing-$554,402
    2025income before income taxesMore than one value recorded for this year — open the FDD source before comparing$17,891,080
    2025income tax expenseMore than one value recorded for this year — open the FDD source before comparing$4,499,923
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$13,391,157
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$13,391,157
    2025key money loan forgivenessMore than one value recorded for this year — open the FDD source before comparing$290,013
    2025depreciationMore than one value recorded for this year — open the FDD source before comparing$191,849
    2025non-cash lease expenseMore than one value recorded for this year — open the FDD source before comparing$17,885
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$854,627
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$369,470
    2025contract assetsMore than one value recorded for this year — open the FDD source before comparing$66,123
    2025key moneyMore than one value recorded for this year — open the FDD source before comparing-$1,206,572
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing-$2,969,415
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$173,696
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$270,918
    2025net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$746,454
    2025distribution to memberMore than one value recorded for this year — open the FDD source before comparing-$13,980,591
    2025net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$13,980,591
    2025cash and cash equivalents, beginning of the periodMore than one value recorded for this year — open the FDD source before comparing$22,445,012
    2025cash and cash equivalents, end of the periodMore than one value recorded for this year — open the FDD source before comparing$24,942,218
    2025interest paidMore than one value recorded for this year — open the FDD source before comparing$814,486
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,930,881
    2025operating lease right-of-use assetMore than one value recorded for this year — open the FDD source before comparing$1,693,482
    2025liabilities and member's equity accounts payableMore than one value recorded for this year — open the FDD source before comparing$2,277,801
    2025payable to affiliatesMore than one value recorded for this year — open the FDD source before comparing$5,099,436
    2025note payable, affiliateMore than one value recorded for this year — open the FDD source before comparing$3,900,000
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,230,361
    2025operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,714,556
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,870,929
    2025total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$25,093,083
    2025member's equityMore than one value recorded for this year — open the FDD source before comparing$26,681,058
    2025revenuesMore than one value recorded for this year — open the FDD source before comparing$84,832,782
    2025personnel costsMore than one value recorded for this year — open the FDD source before comparing$28,027,271
    2025sales and marketingMore than one value recorded for this year — open the FDD source before comparing$19,309,597
    2025general and administrativeMore than one value recorded for this year — open the FDD source before comparing$19,480,057
    2025amortizationMore than one value recorded for this year — open the FDD source before comparing$271,844
    2025depreciationMore than one value recorded for this year — open the FDD source before comparing$191,849
    2025total expensesMore than one value recorded for this year — open the FDD source before comparing$67,280,618
    2025income before interest and taxesMore than one value recorded for this year — open the FDD source before comparing$17,552,164
    2025other expenseMore than one value recorded for this year — open the FDD source before comparing$215,486
    2025interest incomeMore than one value recorded for this year — open the FDD source before comparing-$554,402
    2025income before income taxesMore than one value recorded for this year — open the FDD source before comparing$17,891,080
    2025income tax expenseMore than one value recorded for this year — open the FDD source before comparing$4,499,923
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$13,391,157
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$13,391,157
    2025key money loan forgivenessMore than one value recorded for this year — open the FDD source before comparing$290,013
    2025depreciationMore than one value recorded for this year — open the FDD source before comparing$191,849
    2025non-cash lease expenseMore than one value recorded for this year — open the FDD source before comparing$17,885
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$854,627
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$369,470
    2025contract assetsMore than one value recorded for this year — open the FDD source before comparing$66,123
    2025key moneyMore than one value recorded for this year — open the FDD source before comparing-$1,206,572
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing-$2,969,415
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$173,696
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$270,918
    2025net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$746,454
    2025distribution to memberMore than one value recorded for this year — open the FDD source before comparing-$13,980,591
    2025net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$13,980,591
    2025cash and cash equivalents, beginning of the periodMore than one value recorded for this year — open the FDD source before comparing$22,445,012
    2025cash and cash equivalents, end of the periodMore than one value recorded for this year — open the FDD source before comparing$24,942,218
    2025interest paidMore than one value recorded for this year — open the FDD source before comparing$814,486
    2025assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$24,942,218
    2025deferred tax asset, netMore than one value recorded for this year — open the FDD source before comparing$1,106,617
    2025operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,714,556
    2025total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$25,093,083
    2025member's equityMore than one value recorded for this year — open the FDD source before comparing$26,681,058
    2025total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$51,774,141
    2025key money receivableMore than one value recorded for this year — open the FDD source before comparing$4,524,724
    2025amortizationMore than one value recorded for this year — open the FDD source before comparing$271,844
    2025change in deferred income taxes, netMore than one value recorded for this year — open the FDD source before comparing-$818,317
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,230,361
    2025purchase of equipment and softwareMore than one value recorded for this year — open the FDD source before comparing-$746,454
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,930,881
    2025net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$17,224,251
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,870,929
    2025provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$3,294,238
    2025payable/receivable with affiliatesMore than one value recorded for this year — open the FDD source before comparing$5,277,825
    2025net change in cash and equivalentsMore than one value recorded for this year — open the FDD source before comparing$2,497,206
    2025deferred franchise sales commissionsMore than one value recorded for this year — open the FDD source before comparing$3,686,955
    2025assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$24,942,218
    2025total assetsMore than one value recorded for this year — open the FDD source before comparing$51,774,141
    2025key money receivableMore than one value recorded for this year — open the FDD source before comparing$4,524,724
    2025deferred tax asset, netMore than one value recorded for this year — open the FDD source before comparing$1,106,617
    2025payable/receivable with affiliatesMore than one value recorded for this year — open the FDD source before comparing$5,277,825
    2025total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$51,774,141
    2025amortizationMore than one value recorded for this year — open the FDD source before comparing$271,844
    2025provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$3,294,238
    2025change in deferred income taxes, netMore than one value recorded for this year — open the FDD source before comparing-$818,317
    2025net change in cash and equivalentsMore than one value recorded for this year — open the FDD source before comparing$2,497,206
    2025purchase of equipment and softwareMore than one value recorded for this year — open the FDD source before comparing-$746,454
    2025net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$17,224,251
    2025liabilities and member's equity accounts payableMore than one value recorded for this year — open the FDD source before comparing$2,277,801
    2024assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$22,445,012
    2024receivable from affiliatesMore than one value recorded for this year — open the FDD source before comparing$178,386
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$2,300,351
    2024deferred franchise sales commissionsMore than one value recorded for this year — open the FDD source before comparing$3,753,078
    2024key money receivableMore than one value recorded for this year — open the FDD source before comparing$3,608,165
    2024deferred tax asset, netMore than one value recorded for this year — open the FDD source before comparing$288,301
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$50,622,911
    2024liabilities and member's equity accounts payableMore than one value recorded for this year — open the FDD source before comparing$5,247,216
    2024note payable, affiliateMore than one value recorded for this year — open the FDD source before comparing$4,550,000
    2024revenuesMore than one value recorded for this year — open the FDD source before comparing$91,958,435
    2024sales and marketingMore than one value recorded for this year — open the FDD source before comparing$23,480,391
    2024depreciationMore than one value recorded for this year — open the FDD source before comparing$189,746
    2024total expensesMore than one value recorded for this year — open the FDD source before comparing$71,673,607
    2024interest incomeMore than one value recorded for this year — open the FDD source before comparing-$893,650
    2024income before income taxesMore than one value recorded for this year — open the FDD source before comparing$20,929,326
    2024income tax expenseMore than one value recorded for this year — open the FDD source before comparing$5,398,805
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$15,530,521
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$301,168
    2024key money loan forgivenessMore than one value recorded for this year — open the FDD source before comparing$248,873
    2024depreciationMore than one value recorded for this year — open the FDD source before comparing$189,746
    2024non-cash lease expenseMore than one value recorded for this year — open the FDD source before comparing$3,189
    2024change in deferred income taxes, netMore than one value recorded for this year — open the FDD source before comparing-$172,418
    2024provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$1,263,969
    2024loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing$13,229
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$3,398,251
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$384,699
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$1,979,308
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$183,817
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$340,208
    2024payable/receivable with affiliatesMore than one value recorded for this year — open the FDD source before comparing-$591,841
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$13,379,196
    2024purchase of equipment and softwareMore than one value recorded for this year — open the FDD source before comparing-$922,023
    2024purchase of intangible assetsMore than one value recorded for this year — open the FDD source before comparing-$13,851
    2024distribution to memberMore than one value recorded for this year — open the FDD source before comparing-$22,415,038
    2024net change in cash and equivalentsMore than one value recorded for this year — open the FDD source before comparing-$9,971,716
    2024cash and cash equivalents, beginning of the periodMore than one value recorded for this year — open the FDD source before comparing$32,416,728
    2024cash and cash equivalents, end of the periodMore than one value recorded for this year — open the FDD source before comparing$22,445,012
    2024interest paidMore than one value recorded for this year — open the FDD source before comparing$650,218
    2024receivable from affiliatesMore than one value recorded for this year — open the FDD source before comparing$178,386
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$2,300,351
    2024key money receivableMore than one value recorded for this year — open the FDD source before comparing$3,608,165
    2024deferred tax asset, netMore than one value recorded for this year — open the FDD source before comparing$288,301
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$50,622,911
    2024liabilities and member's equity accounts payableMore than one value recorded for this year — open the FDD source before comparing$5,247,216
    2024note payable, affiliateMore than one value recorded for this year — open the FDD source before comparing$4,550,000
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$2,006,694
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$24,002,422
    2024revenuesMore than one value recorded for this year — open the FDD source before comparing$91,958,435
    2024sales and marketingMore than one value recorded for this year — open the FDD source before comparing$23,480,391
    2024depreciationMore than one value recorded for this year — open the FDD source before comparing$189,746
    2024total expensesMore than one value recorded for this year — open the FDD source before comparing$71,673,607
    2024interest incomeMore than one value recorded for this year — open the FDD source before comparing-$893,650
    2024income before income taxesMore than one value recorded for this year — open the FDD source before comparing$20,929,326
    2024income tax expenseMore than one value recorded for this year — open the FDD source before comparing$5,398,805
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$15,530,521
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$301,168
    2024key money loan forgivenessMore than one value recorded for this year — open the FDD source before comparing$248,873
    2024depreciationMore than one value recorded for this year — open the FDD source before comparing$189,746
    2024non-cash lease expenseMore than one value recorded for this year — open the FDD source before comparing$3,189
    2024loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing$13,229
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$3,398,251
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$384,699
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$1,979,308
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$183,817
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$340,208
    2024payable/receivable with affiliatesMore than one value recorded for this year — open the FDD source before comparing-$591,841
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$13,379,196
    2024purchase of equipment and softwareMore than one value recorded for this year — open the FDD source before comparing-$922,023
    2024purchase of intangible assetsMore than one value recorded for this year — open the FDD source before comparing-$13,851
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$935,874
    2024distribution to memberMore than one value recorded for this year — open the FDD source before comparing-$22,415,038
    2024net change in cash and equivalentsMore than one value recorded for this year — open the FDD source before comparing-$9,971,716
    2024cash and cash equivalents, beginning of the periodMore than one value recorded for this year — open the FDD source before comparing$32,416,728
    2024cash and cash equivalents, end of the periodMore than one value recorded for this year — open the FDD source before comparing$22,445,012
    2024interest paidMore than one value recorded for this year — open the FDD source before comparing$650,218
    2024personnel costsMore than one value recorded for this year — open the FDD source before comparing$29,984,133
    2024income before interest and taxesMore than one value recorded for this year — open the FDD source before comparing$20,284,828
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$24,002,422
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,501,279
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,697,233
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$2,006,694
    2024total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$50,622,911
    2024general and administrativeMore than one value recorded for this year — open the FDD source before comparing$17,704,940
    2024operating lease right-of-use assetMore than one value recorded for this year — open the FDD source before comparing$2,003,505
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$301,168
    2024other expenseMore than one value recorded for this year — open the FDD source before comparing$249,152
    2024member's equityMore than one value recorded for this year — open the FDD source before comparing$26,620,489
    2024loss on disposal of assetsMore than one value recorded for this year — open the FDD source before comparing$13,229
    2024contract assetsMore than one value recorded for this year — open the FDD source before comparing$203,293
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$15,530,521
    2024key moneyMore than one value recorded for this year — open the FDD source before comparing-$1,650,500
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$935,874
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$22,415,038
    2024assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$22,445,012
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,501,279
    2024member's equityMore than one value recorded for this year — open the FDD source before comparing$26,620,489
    2024other expenseMore than one value recorded for this year — open the FDD source before comparing$249,152
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$15,530,521
    2024deferred franchise sales commissionsMore than one value recorded for this year — open the FDD source before comparing$3,753,078
    2024operating lease right-of-use assetMore than one value recorded for this year — open the FDD source before comparing$2,003,505
    2024total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$50,622,911
    2024personnel costsMore than one value recorded for this year — open the FDD source before comparing$29,984,133
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$301,168
    2024loss on disposal of assetsMore than one value recorded for this year — open the FDD source before comparing$13,229
    2024income before interest and taxesMore than one value recorded for this year — open the FDD source before comparing$20,284,828
    2024key moneyMore than one value recorded for this year — open the FDD source before comparing-$1,650,500
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,697,233
    2024general and administrativeMore than one value recorded for this year — open the FDD source before comparing$17,704,940
    2024change in deferred income taxes, netMore than one value recorded for this year — open the FDD source before comparing-$172,418
    2024provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$1,263,969
    2024contract assetsMore than one value recorded for this year — open the FDD source before comparing$203,293
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$22,415,038
    2023assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$32,416,728
    2023prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,915,652
    2023deferred franchise sales commissionsMore than one value recorded for this year — open the FDD source before comparing$3,956,371
    2023key money receivableMore than one value recorded for this year — open the FDD source before comparing$2,206,538
    2023deferred tax asset, netMore than one value recorded for this year — open the FDD source before comparing$115,883
    2023total assetsMore than one value recorded for this year — open the FDD source before comparing$54,091,272
    2023liabilities and member's equity accounts payableMore than one value recorded for this year — open the FDD source before comparing$3,267,908
    2023payable to affiliatesMore than one value recorded for this year — open the FDD source before comparing$413,455
    2023member's equityMore than one value recorded for this year — open the FDD source before comparing$32,855,006
    2023total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$54,091,272
    2023revenuesMore than one value recorded for this year — open the FDD source before comparing$94,164,425
    2023personnel costsMore than one value recorded for this year — open the FDD source before comparing$31,884,018
    2023sales and marketingMore than one value recorded for this year — open the FDD source before comparing$24,309,491
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$325,228
    2023depreciationMore than one value recorded for this year — open the FDD source before comparing$202,424
    2023total expensesMore than one value recorded for this year — open the FDD source before comparing$70,619,253
    2023income before interest and taxesMore than one value recorded for this year — open the FDD source before comparing$23,545,172
    2023interest incomeMore than one value recorded for this year — open the FDD source before comparing-$1,512,774
    2023income tax expenseMore than one value recorded for this year — open the FDD source before comparing$6,356,658
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$18,419,900
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$325,228
    2023depreciationMore than one value recorded for this year — open the FDD source before comparing$202,424
    2023provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$19,519
    2023prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$296,416
    2023contract assetsMore than one value recorded for this year — open the FDD source before comparing-$192,988
    2023accounts payableMore than one value recorded for this year — open the FDD source before comparing-$242,866
    2023accrued income taxesMore than one value recorded for this year — open the FDD source before comparing-$76,821
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$1,668,040
    2023payable/receivable with affiliatesMore than one value recorded for this year — open the FDD source before comparing-$3,243,455
    2023net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$8,781,026
    2023purchase of equipment and softwareMore than one value recorded for this year — open the FDD source before comparing-$369,504
    2023net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$369,504
    2023distribution to memberMore than one value recorded for this year — open the FDD source before comparing-$21,855,000
    2023net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$21,855,000
    2023net change in cash and equivalentsMore than one value recorded for this year — open the FDD source before comparing-$13,443,478
    2023cash and cash equivalents, end of the periodMore than one value recorded for this year — open the FDD source before comparing$32,416,728
    2023interest paidMore than one value recorded for this year — open the FDD source before comparing$674,149
    2023assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$32,416,728
    2023prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,915,652
    2023key money receivableMore than one value recorded for this year — open the FDD source before comparing$2,206,538
    2023total assetsMore than one value recorded for this year — open the FDD source before comparing$54,091,272
    2023liabilities and member's equity accounts payableMore than one value recorded for this year — open the FDD source before comparing$3,267,908
    2023payable to affiliatesMore than one value recorded for this year — open the FDD source before comparing$413,455
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,841,487
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,513,416
    2023total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$21,236,266
    2023member's equityMore than one value recorded for this year — open the FDD source before comparing$32,855,006
    2023total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$54,091,272
    2023revenuesMore than one value recorded for this year — open the FDD source before comparing$94,164,425
    2023personnel costsMore than one value recorded for this year — open the FDD source before comparing$31,884,018
    2023sales and marketingMore than one value recorded for this year — open the FDD source before comparing$24,309,491
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$325,228
    2023depreciationMore than one value recorded for this year — open the FDD source before comparing$202,424
    2023total expensesMore than one value recorded for this year — open the FDD source before comparing$70,619,253
    2023income before interest and taxesMore than one value recorded for this year — open the FDD source before comparing$23,545,172
    2023interest incomeMore than one value recorded for this year — open the FDD source before comparing-$1,512,774
    2023income tax expenseMore than one value recorded for this year — open the FDD source before comparing$6,356,658
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$18,419,900
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$325,228
    2023depreciationMore than one value recorded for this year — open the FDD source before comparing$202,424
    2023provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$19,519
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$3,103,004
    2023prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$296,416
    2023contract assetsMore than one value recorded for this year — open the FDD source before comparing-$192,988
    2023accounts payableMore than one value recorded for this year — open the FDD source before comparing-$242,866
    2023accrued income taxesMore than one value recorded for this year — open the FDD source before comparing-$76,821
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$1,668,040
    2023payable/receivable with affiliatesMore than one value recorded for this year — open the FDD source before comparing-$3,243,455
    2023net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$8,781,026
    2023purchase of equipment and softwareMore than one value recorded for this year — open the FDD source before comparing-$369,504
    2023distribution to memberMore than one value recorded for this year — open the FDD source before comparing-$21,855,000
    2023net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$21,855,000
    2023net change in cash and equivalentsMore than one value recorded for this year — open the FDD source before comparing-$13,443,478
    2023cash and cash equivalents, end of the periodMore than one value recorded for this year — open the FDD source before comparing$32,416,728
    2023interest paidMore than one value recorded for this year — open the FDD source before comparing$674,149
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$18,419,900
    2023income before income taxesMore than one value recorded for this year — open the FDD source before comparing$24,776,558
    2023change in deferred income taxes, netMore than one value recorded for this year — open the FDD source before comparing$839,216
    2023other expenseMore than one value recorded for this year — open the FDD source before comparing$281,388
    2023general and administrativeMore than one value recorded for this year — open the FDD source before comparing$13,898,092
    2023key money loan forgivenessMore than one value recorded for this year — open the FDD source before comparing$112,444
    2023total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$21,236,266
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$3,103,004
    2023note payable, affiliateMore than one value recorded for this year — open the FDD source before comparing$5,200,000
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,841,487
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,513,416
    2023key moneyMore than one value recorded for this year — open the FDD source before comparing-$1,107,500
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$1,206,615
    2023cash and cash equivalents, beginning of the periodMore than one value recorded for this year — open the FDD source before comparing$45,860,206
    2023note payable, affiliateMore than one value recorded for this year — open the FDD source before comparing$5,200,000
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$1,206,615
    2023deferred franchise sales commissionsMore than one value recorded for this year — open the FDD source before comparing$3,956,371
    2023general and administrativeMore than one value recorded for this year — open the FDD source before comparing$13,898,092
    2023other expenseMore than one value recorded for this year — open the FDD source before comparing$281,388
    2023income before income taxesMore than one value recorded for this year — open the FDD source before comparing$24,776,558
    2023key money loan forgivenessMore than one value recorded for this year — open the FDD source before comparing$112,444
    2023key moneyMore than one value recorded for this year — open the FDD source before comparing-$1,107,500
    2023deferred tax asset, netMore than one value recorded for this year — open the FDD source before comparing$115,883
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$18,419,900
    2023change in deferred income taxes, netMore than one value recorded for this year — open the FDD source before comparing$839,216
    2023cash and cash equivalents, beginning of the periodMore than one value recorded for this year — open the FDD source before comparing$45,860,206
    2023net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$369,504

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

    SBA-backed loans to franchisees

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    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.

    Choice Hotels EverhomeChoice Hotels InternationalDoubleTree with PiebirdLivAway SuitesSESonesta ES SuitesSHSonesta Hotels and Resorts Royal Sonesta

    Head-to-head comparisons

    HomeTowne Studios by Red Roof vs Choice Hotels EverhomeHomeTowne Studios by Red Roof vs Choice Hotels InternationalHomeTowne Studios by Red Roof vs DoubleTree with Piebird
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    Business history

    Not reviewed

    Owner participation

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    Territory language

    Litigation disclosure

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    Bankruptcy disclosure

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    Agreement term

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