Start-Up Costs and Fees |
||
| Wingate by Wyndham | Trend Hotels and Suites by My Place | |
| Investment | 375465 - 10816446 | 180050 - 2848700 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | up to 5% |
| Advertising Fee | 4% | |
| Year Founded | 1995 | 0 |
| Year Franchised | 1995 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wingate by Wyndham | Trend Hotels and Suites by My Place | |
| Experience | ||
Financing Options |
||
| Wingate by Wyndham | Trend Hotels and Suites by My Place | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Wingate by Wyndham | Trend Hotels and Suites by My Place | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Wingate by Wyndham | 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 | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
| Franchise Fee | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
| Royalty Fee | |
| Wingate by Wyndham | 4.50% |
| Trend Hotels and Suites by My Place | up to 5% |
| Advertising Fee | |
| Wingate by Wyndham | 4% |
| Trend Hotels and Suites by My Place | |
| Year Founded | |
| Wingate by Wyndham | 1995 |
| Trend Hotels and Suites by My Place | 0 |
| Year Franchised | |
| Wingate by Wyndham | 1995 |
| Trend Hotels and Suites by My Place | 0 |
| Term Of Agreement | |
| Wingate by Wyndham | 20 years |
| Trend Hotels and Suites by My Place | |
| Renewal Fee | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
Business Experience Requirements |
|
| Experience | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
Financing Options |
|
| Franchise Fees | |
| Wingate by Wyndham | No |
| Trend Hotels and Suites by My Place | No |
| Start-up Costs | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
| Equipment | |
| Wingate by Wyndham} | |
| Trend Hotels and Suites by My Place | |
| Inventory | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
| Receivables | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
| Payroll | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
Training & Support |
|
| Training | |
| Wingate by Wyndham | Regional workshops |
| Trend Hotels and Suites by My Place | |
| Support | |
| Wingate by Wyndham | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Trend Hotels and Suites by My Place | |
| Marketing | |
| Wingate by Wyndham | Co-op advertising, National media, Regional advertising |
| Trend Hotels and Suites by My Place | |
| Operations | |
| Wingate by Wyndham | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. |
| Trend Hotels and Suites by My Place | |
Expansion Plans |
|
| US Expansion | |
| Wingate by Wyndham | |
| 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 | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |
| International Expansion | |
| Wingate by Wyndham | |
| Trend Hotels and Suites by My Place | |