AFM Hospitality Corporation vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
AFM Hospitality Corporation Franchise
My Place Hotels Franchise
Investment $2,000,000 - $20,000,000$4,108,050 - $5,709,950
Franchise Fee $35,000$30,000
Royalty Fee 3%-
Advertising Fee 4%-
Year Founded 19912014
Year Franchised 19922014
Term Of Agreement 5/5/5/5 Years-
Term Of Agreement 5/5/5/5 Years-
Renewal Fee --


Business Experience Requirements
 
AFM Hospitality Corporation Franchise
My Place Hotels Franchise
Experience --

Financing Options
 
AFM Hospitality Corporation Franchise
My Place Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
AFM Hospitality Corporation Franchise
My Place Hotels Franchise
Training On-Site 3-5 Days-
Support Central Data Processing:

Central Purchasing:

Field Operation Evaluation:

Field Training:

Initial Store Opening:

Franchisee Newsletter:

Regional or National Meetings:

800 Telephone Hotline:

-
Marketing --
Operations --

Expansion Plans
 
AFM Hospitality Corporation Franchise
My Place Hotels Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About AFM Hospitality Corporation

AFM is dedicated to being the best in hospitality services, nationwide. Wherever possible, the services we provide have been centralized, allowing the company to capitalize on economies of scale. All brands receive full training, quality assurance and franchise service support provided by a team of industry experts. The growth strategy for the company has been developed by a team of professionals, each with a specific area of expertise in the hospitality trade.

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.