Vagabond Inns vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Vagabond Inns Franchise
My Place Hotels Franchise
Investment $2,800,000 - $5,800,000$4,108,050 - $5,709,950
Franchise Fee $20,000$30,000
Royalty Fee 2.5%-
Advertising Fee --
Year Founded 19582014
Year Franchised 20002014
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Vagabond Inns Franchise
My Place Hotels Franchise
Experience --

Financing Options
 
Vagabond Inns Franchise
My Place Hotels Franchise
  In-House/3rd PartyIn-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
 
Vagabond Inns Franchise
My Place Hotels Franchise
Training --
Support --
Marketing --
Operations --

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

Company Overviews

About Vagabond Inns

Golden Opportunity in the Golden State

We welcome the opportunity to discuss with you the advantages of becoming part of Vagabond Inn.
Vagabond Inn offers 50 years of brand identity as well as industry leading technology that allows you to maximize your revenue.
Based in Los Angeles, California, Vagabond Inn Corporation operates and provides franchise services to more than 40 hotels throughout the U.S. West Coast.
Vagabond Inn is also an approved member of the Franchise Registry which provides improved financing for future and existing Vagabond Inn franchises.

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.