Start-Up Costs and Fees |
||
| Hawthorn Suites | Trend Hotels and Suites by My Place | |
| Investment | 225693 - 12785326 | 180050 - 2848700 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | up to 5% |
| Advertising Fee | 2.50% | |
| Year Founded | 1986 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Hawthorn Suites | Trend Hotels and Suites by My Place | |
| Experience | ||
Financing Options |
||
| Hawthorn Suites | Trend Hotels and Suites by My Place | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hawthorn Suites | Trend Hotels and Suites by My Place | |
| 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 | Trend Hotels and Suites by My Place | |
| 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 | |
| Trend Hotels and Suites by My Place | |
| Franchise Fee | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |
| Royalty Fee | |
| Hawthorn Suites | 5.50% |
| Trend Hotels and Suites by My Place | up to 5% |
| Advertising Fee | |
| Hawthorn Suites | 2.50% |
| Trend Hotels and Suites by My Place | |
| Year Founded | |
| Hawthorn Suites | 1986 |
| Trend Hotels and Suites by My Place | 0 |
| Year Franchised | |
| Hawthorn Suites | 1986 |
| Trend Hotels and Suites by My Place | 0 |
| Term Of Agreement | |
| Hawthorn Suites | 20 years |
| Trend Hotels and Suites by My Place | |
| Renewal Fee | |
| Hawthorn Suites | 50% of current franchise fee |
| Trend Hotels and Suites by My Place | |
Business Experience Requirements |
|
| Experience | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |
Financing Options |
|
| Franchise Fees | |
| Hawthorn Suites | No |
| Trend Hotels and Suites by My Place | No |
| Start-up Costs | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |
| Equipment | |
| Hawthorn Suites} | |
| Trend Hotels and Suites by My Place | |
| Inventory | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |
| Receivables | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |
| Payroll | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |
Training & Support |
|
| Training | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| Trend Hotels and Suites by My Place | |
| Support | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Trend Hotels and Suites by My Place | |
| Marketing | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| Trend Hotels and Suites by My Place | |
| 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. |
| Trend Hotels and Suites by My Place | |
Expansion Plans |
|
| US Expansion | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | 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 | |
| Trend Hotels and Suites by My Place | |
| International Expansion | |
| Hawthorn Suites | |
| Trend Hotels and Suites by My Place | |