La Quinta vs Trend Hotels and Suites by My Place Franchise Comparison

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

Start-Up Costs and Fees

 
La Quinta Franchise
Trend Hotels and Suites by My Place Franchise
Investment $3,822,657 - $12,901,630$180,050 - $2,848,700
Franchise Fee $55,000N/A
Royalty Fee 4-4.5%up to 5%
Advertising Fee 4.5%-
Year Founded 1968-
Year Franchised 2001-
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
La Quinta Franchise
Trend Hotels and Suites by My Place Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    La Quinta Franchise
    Trend Hotels and Suites by My Place Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    La Quinta Franchise
    Trend Hotels and Suites by My Place Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 15% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 20 - 25

    Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    La Quinta Franchise
    Trend Hotels and Suites by My Place Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About La Quinta

    La Quinta is one of the fastest growing mid-scale hotels with properties across the US, Canada and Mexico. Our purpose is to provide a refreshing and engaging environment that builds long-lasting, valuable relationships with employees, guests, owners and partners. La Quinta is a proud participant in VetFran, and is honored to offer veterans of our armed forces great incentives and enhanced resources for becoming a part of the La Quinta family.
    Veteran Incentives: 50% off application/franchise fees; development incentive of up to $4,000/room

    The total investment necessary to begin operation of a La Quinta Inn & Suites franchise for a 109-room new construction facility ranges from $10,348,042 to $12,901,630, including $71,050 to $91,500 that must be paid to the franchisor or an affiliate.
    The total investment necessary to begin operation of a La Quinta Inn & Suites franchise for a 100-room conversion facility ranges from $3,822,657 to $6,101,522 including $66,100 to $86,550 that must be paid to the franchisor or an affiliate. Land acquisition and site preparation costs are not included in these ranges.

    "Entrepreneur

    #193 in Franchise 500 for 2020.
    #217 in Franchise 500 for 2021.






    About Trend Hotels and Suites by My Place

    "TREND

    Trend Hotels & Suites by My Place is a collection of unique hotel assets assembled into a franchise system created for the purpose of providing collective intelligence, support, strength, and value to each individual hotelier by deploying the strong fundamentals and culture of the My Place organizations, principles, and people.

    Trend Hotels & Suites by My Place was inspired by the actual needs of hundreds of hoteliers today.