FranchiseVerdict
SpringHill Suites by Marriott logo
FV-02424·STRONGExcellent81

SpringHill Suites by Marriott

Lodging - Hotels & MotelsFranchising since 1996Website
Investment
$13.2M – $38.6M
74th pct Hotels & Mote…
Avg revenue
7th pct Hotels & Mote…
Royalty
5.5%
59th pct Hotels & Mote…
Units
579
93rd pct Hotels & Mote…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $13.2M – $38.6M including a $75K franchise fee, 5.5% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 53/100. SBA loan default rate of 0.0% across 15 loans (below the industry average).
  • 21 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).

Item 1 · who you're contracting with

The Franchisor

Legal entity
MIF, L.L.C.
Parent company
Marriott International, Inc.
Incorporated in
Delaware
HQ
7750 Wisconsin Avenue, Bethesda, Maryland 20814
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$103K
vs $147K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one SpringHill Suites by Marriott unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: hospitality
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $13.2M–$38.6M
Working capital
$
FDD reports $240K–$550K

Unlevered ROIC · per unit

0%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$90K
EBITDA margin
12.0%
Total invested
$26.3M
Payback
3510 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

SpringHill Suites franchisees operate extended-stay and select-service hotels targeting business travelers and families. Day-to-day responsibilities include front desk/housekeeping operations, room maintenance, guest services, revenue management within Marriott's systems, collection of fees for amenities and services, compliance with brand standards, and payment of 5.5% royalties on gross room sales to Marriott.

CEO
Anthony Capuano
Founded
2012
FDD year
2026
States available
48

Item 7 · what it costs

The Vitals

Total investment
$13.2M – $38.6M
All-in to open one unit
Liquid capital
$240K – $550K
Cash you must have on hand
Franchise fee
$75K
Royalty
5.5%
Gross Room Sales · typical 6–8%
Ad fund
2.5%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
579
Opened
29
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
13
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
+8.4%
Net unit change last year
3-yr CAGR
+11.6%
Compounded over last 3 years
2024
566+16
Franchised units
2025
522
Franchised units
2026
507
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 5 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 5 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
15
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

53
Risk · 0-100
STRONG53 / 100

SpringHill Suites presents moderate-to-high risk due to lack of financial transparency (no Item 19), significant litigation tied to data security and antitrust issues, unprotected territory, and high capex requirements with no disclosed average unit economics.

Score breakdown · what drove the 53 / 100 rating

  1. 01MEDNo disclosed average unit revenue or net income (Item 19) prevents ROI validation on $13.2M–$38.6M investment
  2. 02HIGHExtensive litigation exposure: 2018 data breach class actions, fee disclosure investigations, antitrust allegations on pricing/data sharing, and multiple franchisee disputes create legal and reputational risk
  3. 03MINORUnprotected territory with 579 competing units (8.4% YoY growth) creates cannibalization risk—no guarantee of exclusivity
  4. 04MEDHigh-end capital requirement ($13.2M–$38.6M) combined with 5.5% royalty on undisclosed revenue creates uncertainty on payback period and cash flow
  5. 05HIGHGoing Concern: False status, while not critical, suggests Marriott's internal reporting flagged material uncertainty about SpringHill's viability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Initial term
20 years
Renewal term
0 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
21
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Maryland

Item 11

Training & Operations

Classroom training
198 hrs
On-the-job training
0 hrs
POS system
Designated POS System
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

100 numbers

Locked
(928) 753-••••
AK
(909) 937-••••
AR
(303) 464-••••
CO

One-time purchase · CSV download · Validation questions included

FDD download

SpringHill Suites by Marriott · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above