Starwood Hotels & Resorts vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
Starwood Hotels & Resorts Franchise
My Place Hotels Franchise
Investment $5,000,000$4,108,050 - $5,709,950
Franchise Fee N/A$30,000
Royalty Fee --
Advertising Fee --
Year Founded 19982014
Year Franchised 19982014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Starwood Hotels & Resorts Franchise
My Place Hotels Franchise
Experience --

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

Training & Support
 
Starwood Hotels & Resorts Franchise
My Place Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Starwood Hotels & Resorts Franchise
My Place Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Starwood Hotels & Resorts

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 1,270 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Tribute Portfolio™, Four Points® by Sheraton, Aloft®, Element®, along with an expanded partnership with Design Hotels™. The Company also boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG®).

About My Place Hotels

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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.