Start a Wingate by Wyndham Franchise in 2024

2024 Franchise 500 Rank: #214 Ranked #300 last year

Initial investment: $392K - $14.9M

Units as of 2024: 205 17.8% over 3 years

Wingate Wyndham Hotel is a hotel for the typical modern traveler that offers breakfast, free Wi-Fi, and an ergonomic workspace. Its executive lounges and cool meeting spaces help guests stay connected and productive at their home away from home.

The hotel was opened in 1995 as Wingate Inn Hotel but was changed to Wingate by Wyndham after becoming affiliated with Wyndham Hotels and Resorts. There are more than 100 Wingate by Wyndham franchises in operation around the U.S.

The hotel's best aspects are its around-the-clock business center, pools, fitness centers, and daily hot breakfast buffet. Its pricing policy is all-inclusive. Because it doesn’t have 24-hour service, it features a small snack bar or mini-mart for guests who need a bite to eat throughout the day.

Why You Might Want to Start a Wingate by Wyndham Franchise

Wingate by Wyndham franchise caters to modern business people with workspaces fitted with ergonomic furniture that is designed to make work pleasurable during their stay. They offer free high-speed internet along with free computers and a workspace to improve guests' productivity even while on vacation or a business trip. With the rise in remote working, many professionals need to work while on the go, and Wingate by Wyndham has perfect facilities available.

That increase of remote working also means that the hotels and lodgings business could boom, and a Wingate by Wyndham franchise might be well-positioned to benefit from it. Wingate by Wyndham is a midscale category hotel brand with modest pricing. Their rooms are spacious and equipped with large-screen televisions, upscale beddings, and office spaces built for the guests’ relaxation and work needs.

What Could Make a Wingate by Wyndham Franchise a Good Choice

The Wingate by Wyndham franchise is less expensive than other hotel brands, with a fixed franchise fee. When seeking to franchise with Wingate by Wyndham, be prepared to make a financial investment.

Wingate by Wyndham offers financing for franchise fees, startup costs, and inventory costs for qualified beginners. They also have partnerships with third-party organizations that can offer financing options for equipment and inventory costs.

Wingate by Wyndham offers exceptional support to their new franchisees, offering both in-class and on-the-job training. Additional training includes regional workshops that are held for anywhere from 1 to 3 days. There are support materials available, such as a toll-free line, online assistance, the franchisee platform, and helpful newsletters. They also have standardized safety and security procedures to guide you.

How To Open Your Own Wingate by Wyndham Franchise

If you want to start the process of owning a Wingate by Wyndham franchise, you'll want to evaluate your area and make a plan to pick a location that fits your target audience. During the process, you'll likely be contacted by Wingate by Wyndham's director of development, who will discuss the terms and conditions of owning a Wingate by Wyndham franchise with you. You'll want to be ready to provide all necessary documentation and complete any required training. Before long, you'll be setting up a stress-free space for your guests.

Company Overview

About Wingate by Wyndham

Industry	Lodging
Related Categories	Hotels & Motels
Founded	1995
Parent Company	Wyndham Hotels & Resorts
Leadership	Geoff Ballotti, CEO
Corporate Address	22 Sylvan Wy. Parsippany, NJ 07054
Social	Facebook, Twitter, Instagram

Business Overview

Franchising Since	1995 (29 years)
# of employees at HQ	2,217
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	205 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Wingate by Wyndham franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$36,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$391,851 - $14,861,112
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off application/franchise fees; development incentive of up to $4,000/room
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5.5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	20 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Wingate by Wyndham offers in-house financing to cover the following: franchise fee, startup costs, inventory
Third Party Financing	Wingate by Wyndham has relationships with third-party sources which offer financing to cover the following: equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	Up to 30 hours
Classroom Training	41-81 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No