Comfort Suites vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees

 
Comfort Suites Franchise
My Place Hotels Franchise
Investment $307,125 - $9,243,275$4,108,050 - $5,709,950
Franchise Fee $50,000$30,000
Royalty Fee 5.65%-
Advertising Fee 3.85%-
Year Founded -2014
Year Franchised -2014
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
Comfort Suites Franchise
My Place Hotels Franchise
Experience --

Financing Options

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

Training & Support

 
Comfort Suites Franchise
My Place Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

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

Company Overviews

About Comfort Suites

Choice Hotel's premier midscale, limited service, all-suites brand.
 
The total investment necessary to convert an existing hotel and begin operation of an 80-room COMFORT hotel franchise is between $307,125-$1,967,495. The total investment necessary to begin operation of a newly constructed 80-room COMFORT INN or COMFORT INN & SUITES hotel franchise is between $4,638,625-$8,393,895, and the total investment necessary to begin operation of a newly constructed 86-room COMFORT SUITES hotel franchise is between $5,119,845-$9,243,275. This includes the following fees that must be paid to the franchisor or its affiliates as follows: an affiliation fee of $500 per room for new franchises, $750 per room for transfers and renewals ($50,000 minimum for new franchises, $65,000 minimum for transfers and renewals); a property management system software license and systems training fee of between $10,750 and $14,750; and orientation and hospitality training fees of between $0 and $3,245 per person. These sums do not include the cost of purchasing or leasing land or any real estate taxes.

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.