Start-Up Costs and Fees |
||
| Ramada Worldwide | Trend Hotels and Suites by My Place | |
| Investment | 220731 - 9291313 | 180050 - 2848700 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | up to 5% |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 0 |
| Year Franchised | 1990 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | Trend Hotels and Suites by My Place | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | Trend Hotels and Suites by My Place | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | Trend Hotels and Suites by My Place | |
| 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 | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
| Franchise Fee | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| Trend Hotels and Suites by My Place | up to 5% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| Trend Hotels and Suites by My Place | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| Trend Hotels and Suites by My Place | 0 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| Trend Hotels and Suites by My Place | 0 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| Trend Hotels and Suites by My Place | |
| Renewal Fee | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| Trend Hotels and Suites by My Place | No |
| Start-up Costs | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
| Equipment | |
| Ramada Worldwide} | |
| Trend Hotels and Suites by My Place | |
| Inventory | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
| Receivables | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
| Payroll | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| Trend Hotels and Suites by My Place | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Trend Hotels and Suites by My Place | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Trend Hotels and Suites by My Place | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| Trend Hotels and Suites by My Place | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| 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 | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |
| International Expansion | |
| Ramada Worldwide | |
| Trend Hotels and Suites by My Place | |