Residence Inn vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees

 
Residence Inn Franchise
My Place Hotels Franchise
Investment N/A$4,108,050 - $5,709,950
Franchise Fee N/A$30,000
Royalty Fee --
Advertising Fee --
Year Founded -2014
Year Franchised -2014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Residence Inn Franchise
My Place Hotels Franchise
Experience --

Financing Options

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

Training & Support

 
Residence Inn Franchise
My Place Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Residence Inn Franchise
My Place Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Residence Inn

Designed as "home away from home" for travelers staying 5 or more nights - Residential atmosphere with spacious accommodations Features include: - Complimentary hot breakfast - Evening hospitality hour - Swimming pool - Sport Court - Personalized grocery shopping - Daily housekeeping - Guest suites with separate living and sleeping areas - Fully equipped kitchen - Work space with data ports and voicemail

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.