Start-Up Costs and Fees |
||
| My Place Hotels | WoodSpring Suites | |
| Investment | 4108050 - 5709950 | 5035000 - 7031000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2.50% | |
| Year Founded | 2014 | 2003 |
| Year Franchised | 2014 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Place Hotels | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| My Place Hotels | WoodSpring Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| My Place Hotels | WoodSpring Suites | |
| Training | On-The-Job Training: Upon request Classroom Training: Varies | |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| My Place Hotels | WoodSpring 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 | |
| WoodSpring Suites | |
| Franchise Fee | |
| My Place Hotels | |
| WoodSpring Suites | |
| Royalty Fee | |
| My Place Hotels | |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| My Place Hotels | |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| My Place Hotels | 2014 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| My Place Hotels | 2014 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| My Place Hotels | |
| WoodSpring Suites | |
| Renewal Fee | |
| My Place Hotels | |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| My Place Hotels | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| My Place Hotels | |
| WoodSpring Suites | |
| Start-up Costs | |
| My Place Hotels | |
| WoodSpring Suites | |
| Equipment | |
| My Place Hotels} | |
| WoodSpring Suites | |
| Inventory | |
| My Place Hotels | |
| WoodSpring Suites | |
| Receivables | |
| My Place Hotels | |
| WoodSpring Suites | |
| Payroll | |
| My Place Hotels | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| My Place Hotels | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | |
| My Place Hotels | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| My Place Hotels | |
| WoodSpring Suites | |
| Operations | |
| My Place Hotels | |
| WoodSpring Suites | |
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 |
| WoodSpring Suites | |
| Canada Expansion | |
| My Place Hotels | |
| WoodSpring Suites | |
| International Expansion | |
| My Place Hotels | |
| WoodSpring Suites | |