Start-Up Costs and Fees |
||
| My Place Hotels | Hawthorn Suites | |
| Investment | 4108050 - 5709950 | 225693 - 12785326 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | |
| Advertising Fee | 2.50% | |
| Year Founded | 2014 | 1986 |
| Year Franchised | 2014 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Place Hotels | Hawthorn Suites | |
| Experience | ||
Financing Options |
||
| My Place Hotels | Hawthorn Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| My Place Hotels | Hawthorn Suites | |
| 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 |
||
| My Place Hotels | Hawthorn Suites | |
| 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 | |
| My Place Hotels | |
| Hawthorn Suites | |
| Franchise Fee | |
| My Place Hotels | |
| Hawthorn Suites | |
| Royalty Fee | |
| My Place Hotels | |
| Hawthorn Suites | 5.50% |
| Advertising Fee | |
| My Place Hotels | |
| Hawthorn Suites | 2.50% |
| Year Founded | |
| My Place Hotels | 2014 |
| Hawthorn Suites | 1986 |
| Year Franchised | |
| My Place Hotels | 2014 |
| Hawthorn Suites | 1986 |
| Term Of Agreement | |
| My Place Hotels | |
| Hawthorn Suites | 20 years |
| Renewal Fee | |
| My Place Hotels | |
| Hawthorn Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| My Place Hotels | |
| Hawthorn Suites | |
Financing Options |
|
| Franchise Fees | |
| My Place Hotels | |
| Hawthorn Suites | |
| Start-up Costs | |
| My Place Hotels | |
| Hawthorn Suites | |
| Equipment | |
| My Place Hotels} | |
| Hawthorn Suites | |
| Inventory | |
| My Place Hotels | |
| Hawthorn Suites | |
| Receivables | |
| My Place Hotels | |
| Hawthorn Suites | |
| Payroll | |
| My Place Hotels | |
| Hawthorn Suites | |
Training & Support |
|
| Training | |
| My Place Hotels | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| Support | |
| My Place Hotels | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| My Place Hotels | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| Operations | |
| My Place Hotels | |
| 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. |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Hawthorn Suites | |
| Canada Expansion | |
| My Place Hotels | |
| Hawthorn Suites | |
| International Expansion | |
| My Place Hotels | |
| Hawthorn Suites | |