Start-Up Costs and Fees |
||
| WoodSpring Suites | Trend Hotels and Suites by My Place | |
| Investment | 5035000 - 7031000 | 180050 - 2848700 |
| Franchise Fee | ||
| Royalty Fee | 5% | up to 5% |
| Advertising Fee | 2.50% | |
| Year Founded | 2003 | 0 |
| Year Franchised | 2004 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| WoodSpring Suites | Trend Hotels and Suites by My Place | |
| Experience | ||
Financing Options |
||
| WoodSpring Suites | Trend Hotels and Suites by My Place | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| WoodSpring Suites | Trend Hotels and Suites by My Place | |
| 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 | 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 | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Franchise Fee | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Royalty Fee | |
| WoodSpring Suites | 5% |
| Trend Hotels and Suites by My Place | up to 5% |
| Advertising Fee | |
| WoodSpring Suites | 2.50% |
| Trend Hotels and Suites by My Place | |
| Year Founded | |
| WoodSpring Suites | 2003 |
| Trend Hotels and Suites by My Place | 0 |
| Year Franchised | |
| WoodSpring Suites | 2004 |
| Trend Hotels and Suites by My Place | 0 |
| Term Of Agreement | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Renewal Fee | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
Business Experience Requirements |
|
| Experience | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
Financing Options |
|
| Franchise Fees | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Start-up Costs | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Equipment | |
| WoodSpring Suites} | |
| Trend Hotels and Suites by My Place | |
| Inventory | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Receivables | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Payroll | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
Training & Support |
|
| Training | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Trend Hotels and Suites by My Place | |
| Support | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Trend Hotels and Suites by My Place | |
| Marketing | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| Operations | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
Expansion Plans |
|
| US Expansion | |
| WoodSpring Suites | |
| 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 | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |
| International Expansion | |
| WoodSpring Suites | |
| Trend Hotels and Suites by My Place | |