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Updated RecentlyMarriott Hotels & Resorts vs My Place Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Marriott 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 |
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| Investment | $74,082,490 - $176,017,490 | $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 |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Marriott Hotels & Resorts
Flagship brand of quality-tier, full-service hotels & resorts Provides consistent, dependable, and genuinely caring experiences to guests on their terms Features include:
- Fully equipped fitness centers
- Gift shops
- Swimming pools
- Concierge levels
- Business centers
- Meeting facilities
- High-speed Internet access is available at many hotels
The total investment necessary to begin operation of a newly-constructed
300-guestroom Marriott Hotel, excluding the cost of real estate and
related costs (building permit, tap, and impact fees), ranges from
$74,082,490 to $117,152,490 and from $112,487,490 to $176,017,490 for a
newly-constructed 300 guestroom JW Marriott Hotel. This includes
approximately $419,000 to $491,000 for a 300 guestroom Marriott Hotel
and $454,000 to $526,000 for a 300-guestroom JW Marriott Hotel that must
be paid to the franchisor or an affiliate.
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.