Start-Up Costs and Fees |
||
| Wyndham Hotels & Resorts | My Place Hotels | |
| Investment | 42112580 - 69188897 | 4108050 - 5709950 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 1981 | 2014 |
| Year Franchised | 1996 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wyndham Hotels & Resorts | My Place Hotels | |
| Experience | ||
Financing Options |
||
| Wyndham Hotels & Resorts | My Place Hotels | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Wyndham Hotels & Resorts | My Place Hotels | |
| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 | |
Expansion Plans |
||
| Wyndham Hotels & Resorts | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
| Franchise Fee | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
| Royalty Fee | |
| Wyndham Hotels & Resorts | 5% |
| My Place Hotels | |
| Advertising Fee | |
| Wyndham Hotels & Resorts | 3% |
| My Place Hotels | |
| Year Founded | |
| Wyndham Hotels & Resorts | 1981 |
| My Place Hotels | 2014 |
| Year Franchised | |
| Wyndham Hotels & Resorts | 1996 |
| My Place Hotels | 2014 |
| Term Of Agreement | |
| Wyndham Hotels & Resorts | 15-20 YEARS |
| My Place Hotels | |
| Renewal Fee | |
| Wyndham Hotels & Resorts | Negotiable, renewable |
| My Place Hotels | |
Business Experience Requirements |
|
| Experience | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
Financing Options |
|
| Franchise Fees | |
| Wyndham Hotels & Resorts | No |
| My Place Hotels | No |
| Start-up Costs | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
| Equipment | |
| Wyndham Hotels & Resorts} | |
| My Place Hotels | |
| Inventory | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
| Receivables | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
| Payroll | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |
Training & Support |
|
| Training | |
| Wyndham Hotels & Resorts | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops |
| My Place Hotels | |
| Support | |
| Wyndham Hotels & Resorts | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| My Place Hotels | |
| Marketing | |
| Wyndham Hotels & Resorts | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| My Place Hotels | |
| Operations | |
| Wyndham Hotels & Resorts | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 |
| My Place Hotels | |
Expansion Plans |
|
| US Expansion | |
| Wyndham Hotels & Resorts | |
| 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 | |
| Wyndham Hotels & Resorts | 0 |
| My Place Hotels | |
| International Expansion | |
| Wyndham Hotels & Resorts | |
| My Place Hotels | |