stayAPT SuitesFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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). Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $7.5M – $12.9M
- 36th pct Lodging
- Avg gross sales
- N/A
- 2nd pct Lodging
- Royalty
- N/A
- Units
- 32
- 25th pct Lodging
- SBA default
- N/A
Quick verdict · Lodging · color = vs category peers
Green = >15% above Lodging avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 9 to 2 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $7.5M – $12.9M including a $40K franchise fee.
- Item 19 discloses "Average/Median Performance" rather than annual gross sales, so unit revenue is not directly comparable.
- Verdict C (Average) with a risk score of 69/100.
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- LG AS Franchisor LLC
- Parent company
- LGAS Brand Parent LLC
- CEO title
- President and CEO
- Gary DeLapp
- CEO experience
- 2019 yrs
- Years in role or industry
- Incorporated in
- DE
- HQ
- 10801 Monroe Road, Suite 200, Matthews, NC 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
Franchisees develop and operate extended-stay hotel properties under the stayAPT Suites brand, managing day-to-day operations including housekeeping, front desk, maintenance, and guest services while paying a $30K+ annual royalty. Properties target mid-market extended-stay travelers seeking monthly/weekly rates with furnished rooms and full kitchens.
- CEO
- Gary DeLapp
- Headquarters
- NC
- Founded
- 2018
- FDD year
- 2025
- States available
- 7
FDD Item 7 · 2025 filing · 11 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
- Better than avg vs category
- Liquid capital req'd
- $90K – $225K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Better than avg 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 |
Financial Performance
This brand's FDD disclosed "Average/Median Performance" in Item 19 rather than annual gross sales. This metric cannot be directly compared across brands, so we omit it from rankings.
vs Lodging averages
How stayAPT Suites Compares
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
- Net growth (yr3)
- Outlier (see FDD)
- Likely small-sample artifact
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 8
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
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).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
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
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into stayAPT Suites's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
stayAPT Suites presents CAUTION-level risk: extreme growth velocity with zero transparency on unit profitability, high capital requirements, and an immature 32-unit system with minimal historical performance data.
Litigation (Item 3)
Item 3 (Litigation) section is empty/not provided. No litigation disclosed.
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 69 / 100 rating
- 01MINORMassive unit growth (350% YoY) suggests either aggressive expansion into immature market or unsustainable recruiting; 32 units is still very small system
- 02MINORNo average unit volume (AUV) or net income disclosure in FDD Item 19 — impossible to validate ROI claims or unit economics
- 03MINORHigh capital requirement ($7.5M–$12.9M) combined with opaque profitability creates significant financial risk for franchisees
- 04MINORRoyalty structure (greater of $2,500/month floor or 5% of gross) means minimum $30K annual payment regardless of profitability
- 05MEDExtended 20-year term locks franchisees into long-term commitment with brand that has minimal track record and undisclosed financial performance
- 06MINORHypergrowth trajectory (350% YoY) in extended-stay hotel segment suggests potential market saturation or recruitment-driven growth model rather than organic unit success
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 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
Item 3 (Litigation) section is empty/not provided. No litigation disclosed.
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
31 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 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 C-grade franchise with a risk score of 69 out of 100, 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
Are you the franchisor?
If you represent stayAPT Suites, you can request corrections or provide updated information.
Claim this brandOther Lodging franchises
Compare similar franchise opportunities in the Lodging category
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.