Start-Up Costs and Fees |
||
| Hawthorn Suites | My Place Hotels | |
| Investment | 225693 - 12785326 | 4108050 - 5709950 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | |
| Advertising Fee | 2.50% | |
| Year Founded | 1986 | 2014 |
| Year Franchised | 1986 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hawthorn Suites | My Place Hotels | |
| Experience | ||
Financing Options |
||
| Hawthorn Suites | My Place Hotels | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hawthorn Suites | My Place Hotels | |
| Training | Available at headquarters, Available at franchisee's location, At regional location | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Hawthorn Suites | My Place Hotels | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hawthorn Suites | |
| My Place Hotels | |
| Franchise Fee | |
| Hawthorn Suites | |
| My Place Hotels | |
| Royalty Fee | |
| Hawthorn Suites | 5.50% |
| My Place Hotels | |
| Advertising Fee | |
| Hawthorn Suites | 2.50% |
| My Place Hotels | |
| Year Founded | |
| Hawthorn Suites | 1986 |
| My Place Hotels | 2014 |
| Year Franchised | |
| Hawthorn Suites | 1986 |
| My Place Hotels | 2014 |
| Term Of Agreement | |
| Hawthorn Suites | 20 years |
| My Place Hotels | |
| Renewal Fee | |
| Hawthorn Suites | 50% of current franchise fee |
| My Place Hotels | |
Business Experience Requirements |
|
| Experience | |
| Hawthorn Suites | |
| My Place Hotels | |
Financing Options |
|
| Franchise Fees | |
| Hawthorn Suites | No |
| My Place Hotels | No |
| Start-up Costs | |
| Hawthorn Suites | |
| My Place Hotels | |
| Equipment | |
| Hawthorn Suites} | |
| My Place Hotels | |
| Inventory | |
| Hawthorn Suites | |
| My Place Hotels | |
| Receivables | |
| Hawthorn Suites | |
| My Place Hotels | |
| Payroll | |
| Hawthorn Suites | |
| My Place Hotels | |
Training & Support |
|
| Training | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| My Place Hotels | |
| Support | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| My Place Hotels | |
| Marketing | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| My Place Hotels | |
| Operations | |
| Hawthorn Suites | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. |
| My Place Hotels | |
Expansion Plans |
|
| US Expansion | |
| Hawthorn Suites | |
| My Place Hotels | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Hawthorn Suites | |
| My Place Hotels | |
| International Expansion | |
| Hawthorn Suites | |
| My Place Hotels | |