My Place Hotels vs La Quinta Franchise Comparison

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

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


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

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

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


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

Financing Options
 
Franchise Fees
My Place Hotels
La Quinta
Start-up Costs
My Place Hotels
La Quinta
Equipment
My Place Hotels}
La Quinta
Inventory
My Place Hotels
La Quinta
Receivables
My Place Hotels
La Quinta
Payroll
My Place Hotels
La Quinta

Training & Support
Training
My Place Hotels
La Quinta
Support
My Place Hotels
La Quinta Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing
My Place Hotels
La Quinta Co-op advertising, Ad slicks, National media, Regional advertising
Operations
My Place Hotels
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)

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
La Quinta
Canada Expansion
My Place Hotels
La Quinta
International Expansion
My Place Hotels
La Quinta