Start-Up Costs and Fees |
||
| WoodSpring Suites | My Place Hotels | |
| Investment | 5035000 - 7031000 | 4108050 - 5709950 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2.50% | |
| Year Founded | 2003 | 2014 |
| Year Franchised | 2004 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| WoodSpring Suites | My Place Hotels | |
| Experience | ||
Financing Options |
||
| WoodSpring Suites | My Place Hotels | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| WoodSpring Suites | My Place Hotels | |
| Training | On-The-Job Training: Upon request Classroom Training: Varies | |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| WoodSpring Suites | 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 | |
| WoodSpring Suites | |
| My Place Hotels | |
| Franchise Fee | |
| WoodSpring Suites | |
| My Place Hotels | |
| Royalty Fee | |
| WoodSpring Suites | 5% |
| My Place Hotels | |
| Advertising Fee | |
| WoodSpring Suites | 2.50% |
| My Place Hotels | |
| Year Founded | |
| WoodSpring Suites | 2003 |
| My Place Hotels | 2014 |
| Year Franchised | |
| WoodSpring Suites | 2004 |
| My Place Hotels | 2014 |
| Term Of Agreement | |
| WoodSpring Suites | |
| My Place Hotels | |
| Renewal Fee | |
| WoodSpring Suites | |
| My Place Hotels | |
Business Experience Requirements |
|
| Experience | |
| WoodSpring Suites | |
| My Place Hotels | |
Financing Options |
|
| Franchise Fees | |
| WoodSpring Suites | |
| My Place Hotels | |
| Start-up Costs | |
| WoodSpring Suites | |
| My Place Hotels | |
| Equipment | |
| WoodSpring Suites} | |
| My Place Hotels | |
| Inventory | |
| WoodSpring Suites | |
| My Place Hotels | |
| Receivables | |
| WoodSpring Suites | |
| My Place Hotels | |
| Payroll | |
| WoodSpring Suites | |
| My Place Hotels | |
Training & Support |
|
| Training | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| My Place Hotels | |
| Support | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| My Place Hotels | |
| Marketing | |
| WoodSpring Suites | |
| My Place Hotels | |
| Operations | |
| WoodSpring Suites | |
| My Place Hotels | |
Expansion Plans |
|
| US Expansion | |
| WoodSpring Suites | |
| 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 | |
| WoodSpring Suites | |
| My Place Hotels | |
| International Expansion | |
| WoodSpring Suites | |
| My Place Hotels | |