stayAPT Suites FDD – Franchise Information, Costs and Fees
Type of Business
A stayAPT Suites™ hotel is an extended- stay hotel offering temporary housing on a weekly or monthly rental basis. stayAPT offers franchisees the right to develop a Hotel under a Franchise Agreement. Franchisee will provide hotel services under the name “stayAPT® Suites.” The franchisor also offers multi-unit development rights to develop and operates multiple Hotels under individual franchise agreements.
Corporate Information
stayAPT is a Delaware limited liability company formed on October 29, 2018 and conducts business under its entity name, the name stayAPT Suites and also under the name Affordable Suites of America™. Their principal business address is 10801 Monroe Road, Matthews, North Carolina 28105. stayAPT’s parent is LGAS Brand Parent LLC. They started offering StayAPT Suites franchises in March 2020.
Investment
The total investment necessary to begin operation of a stayAPT® Suites Hotel with 59 to 103 suites is from $7,895,300 to $13,410,300, excluding real estate costs. This includes between $40,000 and $42,500 that must be paid to the franchisor or an affiliate. There are no incremental initial investment costs if you become a multi-unit developer, but you will pay the franchisor a development territory fee of $35,000 for each of the Hotel franchises you are required to develop if you sign a Multi-Unit Development Agreement.
