Start-Up Costs and Fees |
||
| My Place Hotels | Wyndham Hotels & Resorts | |
| Investment | 4108050 - 5709950 | 42112580 - 69188897 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 2014 | 1981 |
| Year Franchised | 2014 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Place Hotels | Wyndham Hotels & Resorts | |
| Experience | ||
Financing Options |
||
| My Place Hotels | Wyndham Hotels & Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| My Place Hotels | Wyndham Hotels & Resorts | |
| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 | |
Expansion Plans |
||
| My Place Hotels | Wyndham Hotels & Resorts | |
| 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 | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
| Franchise Fee | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
| Royalty Fee | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | 5% |
| Advertising Fee | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | 3% |
| Year Founded | |
| My Place Hotels | 2014 |
| Wyndham Hotels & Resorts | 1981 |
| Year Franchised | |
| My Place Hotels | 2014 |
| Wyndham Hotels & Resorts | 1996 |
| Term Of Agreement | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | 15-20 YEARS |
| Renewal Fee | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | Negotiable, renewable |
Business Experience Requirements |
|
| Experience | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
| Start-up Costs | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
| Equipment | |
| My Place Hotels} | |
| Wyndham Hotels & Resorts | |
| Inventory | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
| Receivables | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
| Payroll | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |
Training & Support |
|
| Training | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops |
| Support | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 |
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 |
| Wyndham Hotels & Resorts | |
| Canada Expansion | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | 0 |
| International Expansion | |
| My Place Hotels | |
| Wyndham Hotels & Resorts | |