Budgetel
Automotive · Auto Rental & Sales
- Active units
- 177
Franchised, year-end 2023
About Budgetel
Budgetel Inns & Suites is your exciting new option for affordable lodging during your vacation or business travel. With great hotel rates, we offer clean, safe, and dependable accommodations that make you feel at home. Each room is equipped with comfortable beds, premium movie channels, and free Wi-Fi, as well as a microwave and refrigerator for added convenience. Our hotels also provide complimentary features like high-speed internet, expanded continental breakfast, free parking, and local phone calls. At Budgetel, we prioritize your comfort and ensure that our rates are as comfortable as our rooms. As part of the Atlanta-based Hospitality Lodging Systems, our locally owned and operated properties are part of a nationwide network of hotels that offer uptown accommodations at down-home rates. Experience the Budgetel difference in various locations across the United States. Whether you're traveling for business or leisure, Budgetel Inns & Suites is the perfect choice for a good night's sleep.
Key terms
Brand Percentile Rankings
Growth
- Total locations177
Franchised units open at year-end
- New openings7
Gross new units opened during the calendar year
- 1-year unit growth rate-6.8%
Net unit growth versus prior year
- 3-year unit CAGR-4.0%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio1.4×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment—
Midpoint of estimated initial investment range
- Time to open—
Midpoint of average time from agreement to opening
- Royalty rate—
Percent of net sales paid to the franchisor
- Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.