Novotel vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Novotel Franchise
My Place Hotels Franchise
Investment $1,000,000$4,108,050 - $5,709,950
Franchise Fee $50,000$30,000
Royalty Fee --
Advertising Fee --
Year Founded -2014
Year Franchised -2014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Novotel Franchise
My Place Hotels Franchise
Experience --

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

Training & Support
 
Novotel Franchise
My Place Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Novotel Franchise
My Place Hotels Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Novotel

Establishing franchised and corporate full-service hotels in all major cities across the country serving the top end of the mid-scale segment of the market. Providing franchisees with extensive and dedicated franchise services, national sales & marketing, training and purchasing power.

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.