Start-Up Costs and Fees |
||
| Ramada Worldwide | My Place Hotels | |
| Investment | 220731 - 9291313 | 4108050 - 5709950 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 2014 |
| Year Franchised | 1990 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | My Place Hotels | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | My Place Hotels | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | My Place Hotels | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Ramada Worldwide | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| My Place Hotels | |
| Franchise Fee | |
| Ramada Worldwide | |
| My Place Hotels | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| My Place Hotels | |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| My Place Hotels | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| My Place Hotels | 2014 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| My Place Hotels | 2014 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| My Place Hotels | |
| Renewal Fee | |
| Ramada Worldwide | |
| My Place Hotels | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| My Place Hotels | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| My Place Hotels | No |
| Start-up Costs | |
| Ramada Worldwide | |
| My Place Hotels | |
| Equipment | |
| Ramada Worldwide} | |
| My Place Hotels | |
| Inventory | |
| Ramada Worldwide | |
| My Place Hotels | |
| Receivables | |
| Ramada Worldwide | |
| My Place Hotels | |
| Payroll | |
| Ramada Worldwide | |
| My Place Hotels | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| My Place Hotels | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| My Place Hotels | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| My Place Hotels | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| My Place Hotels | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| 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 | |
| Ramada Worldwide | |
| My Place Hotels | |
| International Expansion | |
| Ramada Worldwide | |
| My Place Hotels | |