Start-Up Costs and Fees |
||
| Howard Johnson | Trend Hotels and Suites by My Place | |
| Investment | 336552 - 9898595 | 180050 - 2848700 |
| Franchise Fee | ||
| Royalty Fee | 4.50% | up to 5% |
| Advertising Fee | 4% | |
| Year Founded | 1925 | 0 |
| Year Franchised | 1954 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Howard Johnson | Trend Hotels and Suites by My Place | |
| Experience | ||
Financing Options |
||
| Howard Johnson | Trend Hotels and Suites by My Place | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Howard Johnson | Trend Hotels and Suites by My Place | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Howard Johnson | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
| Franchise Fee | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
| Royalty Fee | |
| Howard Johnson | 4.50% |
| Trend Hotels and Suites by My Place | up to 5% |
| Advertising Fee | |
| Howard Johnson | 4% |
| Trend Hotels and Suites by My Place | |
| Year Founded | |
| Howard Johnson | 1925 |
| Trend Hotels and Suites by My Place | 0 |
| Year Franchised | |
| Howard Johnson | 1954 |
| Trend Hotels and Suites by My Place | 0 |
| Term Of Agreement | |
| Howard Johnson | 15-20 years |
| Trend Hotels and Suites by My Place | |
| Renewal Fee | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
Business Experience Requirements |
|
| Experience | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
Financing Options |
|
| Franchise Fees | |
| Howard Johnson | No |
| Trend Hotels and Suites by My Place | No |
| Start-up Costs | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
| Equipment | |
| Howard Johnson} | |
| Trend Hotels and Suites by My Place | |
| Inventory | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
| Receivables | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
| Payroll | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |
Training & Support |
|
| Training | |
| Howard Johnson | Regional workshops |
| Trend Hotels and Suites by My Place | |
| Support | |
| Howard Johnson | 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 | |
| Howard Johnson | Co-op advertising, National media, Regional advertising |
| Trend Hotels and Suites by My Place | |
| Operations | |
| Howard Johnson | International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. |
| Trend Hotels and Suites by My Place | |
Expansion Plans |
|
| US Expansion | |
| Howard Johnson | |
| 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 | |
| Howard Johnson | 0 |
| Trend Hotels and Suites by My Place | |
| International Expansion | |
| Howard Johnson | |
| Trend Hotels and Suites by My Place | |