stayAPT Suites Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
stayAPT Suites is an extended-stay hotel franchise offering apartment-style suites with full kitchens for longer stays. Franchisees own and operate the properties, managing front desk, housekeeping, and revenue.
FranchiseVerdict summary · 2026
A stayAPT Suites franchise requires a total initial investment of $7.5M – $12.9M, including a $40K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $7.5M – $12.9M
- 38th pct Lodging
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 32
- 34th pct Lodging
- SBA charge-off
- N/A
Quick verdict · Lodging · color = vs category peers
Green = favorable by >10% vs Lodging avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $7.5M – $12.9M including a $40K franchise fee.
- RETURNSItem 19 reports occupancy and ADR rather than annual gross sales, so unit revenue is not directly comparable.
- RISKVerdict B (Above average), verdict score 54/100 (higher is better).
- FLAGBankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- LG AS Franchisor LLC
- Parent company
- LGAS Brand Parent LLC
- Predecessor
- Affordable Suites of America, Inc.
- Prior franchisor entity
- CEO title
- President and CEO
- Gary DeLapp
- CEO experience
- 2019 yrs
- Years in role or industry
- Incorporated in
- Delaware
- HQ
- 10801 Monroe Road, Suite 200, Matthews, North Carolina 28105
- Auditor
- Deloitte & Touche LLP
- Audited financials
- Franchisor revenue
- $2.7M
- vs $3.9M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- LG AS Holdco
- AS Manager
- LG AS TRS
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Gary DeLapp
- Headquarters
- NC
- Founded
- 2018
- FDD year
- 2025
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost is about average for a lodging franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown11 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee For One Hotelnot refundable | $40K | $40K | |
| Real Estate | — | — | |
| Project Soft Costs (Architectural, Engineering, Legal and Other Professional Services) | $400K | $557K | |
| Insurance Costs | $50K | $94K | |
| Building Construction | $6.2M | $10.4M | |
| Furniture, Fixtures & Equipment | $553K | $1.2M | |
| Operating Supplies & Equipment and Opening Inventory | $77K | $144K | |
| Technology | $136K | $216K | |
| Pre-Opening Trainingnot refundable | $5K | $8K | |
| Pre-Opening Marketing and Advertising | $10K | $15K | |
| Additional Funds (3 Months) | $90K | $225K | |
| Total initial investment | $7.5M | $12.9M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $7.5M – $12.9M
- Top 40% of category vs category
- Liquid capital req'd
- $90K – $225K
- Top 40% of category vs category
- Franchise fee
- $40K – $40K
- Top 40% of category vs category
- Royalty
- Greater of $2,500 per month or 5% of Gross Room Revenues
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | Greater of $2,500 per month or 5% of Gross Room Revenues |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $3K |
| Training fee | $3K |
| Transfer fee | $10K |
| Renewal fee | $40K |
| Inventory (initial) | $77K – $144K |
| Total fee load | 7.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
stayAPT Suites did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one stayAPT Suites unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
1%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Item 19 reports occupancy and ADR rather than annual gross sales, so unit revenue is not directly comparable. We omit it from rankings.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% — below the Lodging average of 10.4%.
Disclosure
Item 19 reports occupancy and ADR rather than annual gross sales, so unit revenue is not directly comparable.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Lodging averages
How stayAPT Suites Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 32
- Opened
- 7
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 23
- Corporate units in the system
- % franchised
- 28%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 2
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 8
- Franchisor's next-year forecast
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 20 · 13 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Indiana
- Michigan
- North Dakota
- Rhode Island
- South Dakota
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $3.8M
- Median loan
- $1.9M
- 50th percentile
- Charge-off rate
- N/A
- limited sample (2 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Franchisor posted a net loss of -$2,753,627 on $3.9M revenue with a razor-thin net worth of $92,940, indicating material financial weakness though not a going-concern doubt. An old, discharged personal Chapter 7 bankruptcy of a VP (2017, before joining) is low-weight. No Item 3 litigation and financials are audited.
Litigation (Item 3)
No litigation required to be disclosed (FDD Item 3).
Largest disclosed settlement: $35,000
Bankruptcy (Item 4)
Disclosed in last 7 years
In re: Binder, No. 17-31301, Western District of North Carolina, Charlotte Division. Chapter 7 bankruptcy petition filed August 3, 2017, discharged November 13, 2017.
Audited financials (Item 21)
Yes · Deloitte & Touche LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 54 / 100 verdict
- 01MINORNet income -$2,753,627 on $3.9M revenue (large operating loss)
- 02MINORVery thin net worth $92,940
- 03HIGHPre-employment personal bankruptcy of VP discharged 2017 (low weight)
- 04MINORSmall system, 32 units mostly company-owned (23 of 32)
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 20 years |
|---|---|
| Renewal term | 20 years |
| Allowed renewalsℹ | 0 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 0.5 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 6 |
| Mandatory arbitration | Yes |
| Arbitration location | Matthews, North Carolina |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed (FDD Item 3).
Items 10, 11
Training & Operations
- Classroom training
- 23 hrs
- On-the-job training
- 19 hrs
- Training location
- On-site and corporate
- Site selection
- franchisee
- POS system
- Jonas Chorum PMS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Jonas Chorum PMS
Item 20 · call current owners
Franchisee Contacts
26 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
stayAPT Suites · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a stayAPT Suites franchise?
The total investment to open a stayAPT Suites franchise ranges from $7.5M – $12.9M, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do stayAPT Suites franchise owners earn?
stayAPT Suites does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the stayAPT Suites FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the stayAPT Suites FDD and qualifies whose outlets they describe.
What is stayAPT Suites's franchise failure rate?
SBA 7(a) loan charge-off data is not available for stayAPT Suites (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many stayAPT Suites franchise locations are there?
As of their most recent FDD filing, stayAPT Suites has 32 total units in the United States, including 9 franchised units and 23 company-owned units. 7 new units were opened in the latest reporting year.
Is stayAPT Suites a good franchise to buy?
FranchiseVerdict rates stayAPT Suites as a B-grade franchise with a verdict score of 54 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.