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Updated RecentlyKey West Inns vs My Place Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Key West Inns vs My Place Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $32,149 - $8,713,147 | $4,108,050 - $5,709,950 |
| Franchise Fee | $14,000 | $30,000 |
| Royalty Fee | 2% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1989 | 2014 |
| Year Franchised | 1989 | 2014 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Key West Inns
Key West Inns, Inc. is a hotel franchising company that borrows the looks and feel of South Florida in architectural style and appearance. All hotels feature the amenities that corporate travelers need while offering a relaxing atmosphere that will please families and senior travelers.
The total investment necessary to begin operation of a Key West Lodging
Facility franchised business is between $3,4667,149 and $8,713,147 for a
newly constructed hotel. This includes between $27,999 and $52,497 that
must be paid to the franchisor or its affiliate(s).
The total
investment necessary to begin operation of a Key West Lodging Facility
franchised business is between $32,149 and $1,633,147 for the conversion
of an existing hotel. This includes between $20,999 and $52,497 that
must be paid to the franchisor or its affiliate(s).
About My Place Hotels
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Launched in 2014, My Place Hotels is America’s foremost extended stay hotel chain.
The brand was founded on the principles of delivering superior quality
and the highest customer service for our guests, while at the same time,
providing our franchisees with a uniquely effective business model.
At My Place Hotels, ensuring the safety and security of our guests and hotel associates remains our highest priority. To build upon that commitment, we have launched a program to enhance already high standards for the long-term health and safety of our guests and team members.