La Quinta vs My Place Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of La Quinta vs My Place Hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  La Quinta My Place Hotels
Investment 3822657 - 12901630 4108050 - 5709950
Franchise Fee 0
Royalty Fee 4-4.5%
Advertising Fee 4.50%
Year Founded 1968 2014
Year Franchised 2001 2014
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  La Quinta My Place Hotels
Experience General business experience

Financing Options
  La Quinta My Place Hotels
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  La Quinta My Place Hotels
Training
Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op advertising, Ad slicks, National media, Regional advertising
Operations 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Expansion Plans
  La Quinta 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
La Quinta
My Place Hotels
Franchise Fee
La Quinta
My Place Hotels
Royalty Fee
La Quinta 4-4.5%
My Place Hotels
Advertising Fee
La Quinta 4.50%
My Place Hotels
Year Founded
La Quinta 1968
My Place Hotels 2014
Year Franchised
La Quinta 2001
My Place Hotels 2014
Term Of Agreement
La Quinta 20 years
My Place Hotels
Renewal Fee
La Quinta
My Place Hotels


Business Experience Requirements
Experience
La Quinta General business experience
My Place Hotels

Financing Options
 
Franchise Fees
La Quinta No
My Place Hotels No
Start-up Costs
La Quinta
My Place Hotels
Equipment
La Quinta}
My Place Hotels
Inventory
La Quinta
My Place Hotels
Receivables
La Quinta
My Place Hotels
Payroll
La Quinta
My Place Hotels

Training & Support
Training
La Quinta
My Place Hotels
Support
La Quinta Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
My Place Hotels
Marketing
La Quinta Co-op advertising, Ad slicks, National media, Regional advertising
My Place Hotels
Operations
La Quinta 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)
My Place Hotels

Expansion Plans
US Expansion
La Quinta
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
La Quinta
My Place Hotels
International Expansion
La Quinta
My Place Hotels