Start-Up Costs and Fees |
||
| Trend Hotels and Suites by My Place | La Quinta | |
| Investment | 180050 - 2848700 | 3822657 - 12901630 |
| Franchise Fee | 0 | |
| Royalty Fee | up to 5% | 4-4.5% |
| Advertising Fee | 4.50% | |
| Year Founded | 0 | 1968 |
| Year Franchised | 0 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Trend Hotels and Suites by My Place | La Quinta | |
| Experience | General business experience | |
Financing Options |
||
| Trend Hotels and Suites by My Place | La Quinta | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Trend Hotels and Suites by My Place | La Quinta | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Trend Hotels and Suites by My Place | La Quinta | |
| 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 | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Franchise Fee | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Royalty Fee | |
| Trend Hotels and Suites by My Place | up to 5% |
| La Quinta | 4-4.5% |
| Advertising Fee | |
| Trend Hotels and Suites by My Place | |
| La Quinta | 4.50% |
| Year Founded | |
| Trend Hotels and Suites by My Place | 0 |
| La Quinta | 1968 |
| Year Franchised | |
| Trend Hotels and Suites by My Place | 0 |
| La Quinta | 2001 |
| Term Of Agreement | |
| Trend Hotels and Suites by My Place | |
| La Quinta | 20 years |
| Renewal Fee | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
Business Experience Requirements |
|
| Experience | |
| Trend Hotels and Suites by My Place | |
| La Quinta | General business experience |
Financing Options |
|
| Franchise Fees | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Start-up Costs | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Equipment | |
| Trend Hotels and Suites by My Place} | |
| La Quinta | |
| Inventory | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Receivables | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Payroll | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
Training & Support |
|
| Training | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| Support | |
| Trend Hotels and Suites by My Place | |
| La Quinta | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Trend Hotels and Suites by My Place | |
| La Quinta | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Trend Hotels and Suites by My Place | |
| La Quinta | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| La Quinta | |
| Canada Expansion | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |
| International Expansion | |
| Trend Hotels and Suites by My Place | |
| La Quinta | |