Staybridge Suites vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees

 
Staybridge Suites Franchise
My Place Hotels Franchise
Investment $15,352,595 - $22,436,565$4,108,050 - $5,709,950
Franchise Fee $55,000$30,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 19982014
Year Franchised 19982014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Staybridge Suites Franchise
My Place Hotels Franchise
Experience --

Financing Options

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

Training & Support

 
Staybridge Suites Franchise
My Place Hotels Franchise
Training --
Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Ad Templates National Media SEO Website development Loyalty program/app -
Operations --

Expansion Plans

 
Staybridge Suites Franchise
My Place Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Staybridge Suites

Staybridge Suites is an innovative all-suite hotel meeting the needs of extended-stay guests. Staybridge Suites offers its developers a flexible hotel building design with a mixture of suite options to suit your market, site identification, architectural planning assistance and power of InterContinental Hotels Group enterprise values. Make It Your Place(R).

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.