My Place Hotels vs Hyatt Centric Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of My Place Hotels vs Hyatt Centric including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
My Place Hotels Franchise
Hyatt Centric Franchise
Investment $4,108,050 - $5,709,950$29,373,500 - $105,360,000
Franchise Fee $30,000$100,000
Royalty Fee --
Advertising Fee --
Year Founded 20142015
Year Franchised 20142015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
My Place Hotels Franchise
Hyatt Centric Franchise
Experience --

Financing Options
 
My Place Hotels Franchise
Hyatt Centric Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
My Place Hotels Franchise
Hyatt Centric Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
My Place Hotels Franchise
Hyatt Centric Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About My Place Hotels

"My

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.




About Hyatt Centric

"Hyatt
Start here. Discover everywhere.
Hyatt Centric hotels are located in the heart of the action, serving as the perfect spot for exploring all your destination has to offer.
Our Hyatt Centric hosts are destination experts