Start-Up Costs and Fees |
||
| Park Plaza Hotels and Resorts | My Place Hotels | |
| Investment | 187500 - 1200000 | 4108050 - 5709950 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | ||
| Year Founded | 1986 | 2014 |
| Year Franchised | 1993 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Park Plaza Hotels and Resorts | My Place Hotels | |
| Experience | ||
Financing Options |
||
| Park Plaza Hotels and Resorts | My Place Hotels | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Park Plaza Hotels and Resorts | 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 | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Park Plaza Hotels and Resorts | 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 | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Franchise Fee | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Royalty Fee | |
| Park Plaza Hotels and Resorts | 5% |
| My Place Hotels | |
| Advertising Fee | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Year Founded | |
| Park Plaza Hotels and Resorts | 1986 |
| My Place Hotels | 2014 |
| Year Franchised | |
| Park Plaza Hotels and Resorts | 1993 |
| My Place Hotels | 2014 |
| Term Of Agreement | |
| Park Plaza Hotels and Resorts | 15 years |
| My Place Hotels | |
| Renewal Fee | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
Business Experience Requirements |
|
| Experience | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
Financing Options |
|
| Franchise Fees | |
| Park Plaza Hotels and Resorts | No |
| My Place Hotels | No |
| Start-up Costs | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Equipment | |
| Park Plaza Hotels and Resorts} | |
| My Place Hotels | |
| Inventory | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Receivables | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Payroll | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
Training & Support |
|
| Training | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |
| Support | |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| My Place Hotels | |
| Marketing | |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| My Place Hotels | |
| Operations | |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
| My Place Hotels | |
Expansion Plans |
|
| US Expansion | |
| Park Plaza Hotels and Resorts | |
| 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 | |
| Park Plaza Hotels and Resorts | 0 |
| My Place Hotels | |
| International Expansion | |
| Park Plaza Hotels and Resorts | |
| My Place Hotels | |