Start-Up Costs and Fees |
||
| Microtel Inns & Suites | My Place Hotels | |
| Investment | 5709119 - 6799356 | 4108050 - 5709950 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 2014 |
| Year Franchised | 1988 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | My Place Hotels | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | My Place Hotels | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | My Place Hotels | |
| Training | ||
| 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, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Microtel Inns & Suites | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Microtel Inns & Suites | |
| My Place Hotels | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| My Place Hotels | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| My Place Hotels | |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| My Place Hotels | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| My Place Hotels | 2014 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| My Place Hotels | 2014 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| My Place Hotels | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| My Place Hotels | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| My Place Hotels | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| My Place Hotels | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| My Place Hotels | |
| Equipment | |
| Microtel Inns & Suites} | |
| My Place Hotels | |
| Inventory | |
| Microtel Inns & Suites | |
| My Place Hotels | |
| Receivables | |
| Microtel Inns & Suites | |
| My Place Hotels | |
| Payroll | |
| Microtel Inns & Suites | |
| My Place Hotels | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| My Place Hotels | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| My Place Hotels | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| My Place Hotels | |
| Operations | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
| My Place Hotels | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 | |
| Microtel Inns & Suites | 0 |
| My Place Hotels | |
| International Expansion | |
| Microtel Inns & Suites | |
| My Place Hotels | |