Start-Up Costs and Fees |
||
| Microtel Inns & Suites | Trend Hotels and Suites by My Place | |
| Investment | 5709119 - 6799356 | 180050 - 2848700 |
| Franchise Fee | ||
| Royalty Fee | 6% | up to 5% |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 0 |
| Year Franchised | 1988 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | Trend Hotels and Suites by My Place | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | Trend Hotels and Suites by My Place | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | Trend Hotels and Suites by My Place | |
| 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 | 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 | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| Trend Hotels and Suites by My Place | up to 5% |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| Trend Hotels and Suites by My Place | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| Trend Hotels and Suites by My Place | 0 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| Trend Hotels and Suites by My Place | 0 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| Trend Hotels and Suites by My Place | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| Trend Hotels and Suites by My Place | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| Trend Hotels and Suites by My Place | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| Trend Hotels and Suites by My Place | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
| Equipment | |
| Microtel Inns & Suites} | |
| Trend Hotels and Suites by My Place | |
| Inventory | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
| Receivables | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
| Payroll | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |
| Support | |
| Microtel Inns & Suites | 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 | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Trend Hotels and Suites by My Place | |
| 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. |
| Trend Hotels and Suites by My Place | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 | |
| Microtel Inns & Suites | 0 |
| Trend Hotels and Suites by My Place | |
| International Expansion | |
| Microtel Inns & Suites | |
| Trend Hotels and Suites by My Place | |