Centerstone vs Trend Hotels and Suites by My Place Franchise Comparison

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

Start-Up Costs and Fees

 
Centerstone Franchise
Trend Hotels and Suites by My Place Franchise
Investment $47,149 - $8,728,147$180,050 - $2,848,700
Franchise Fee $17,000N/A
Royalty Fee 2%up to 5%
Advertising Fee 2%-
Year Founded 2012-
Year Franchised 2012-
Term Of Agreement as low as 3 years-
Term Of Agreement as low as 3 years-
Renewal Fee --


Business Experience Requirements

 
Centerstone Franchise
Trend Hotels and Suites by My Place Franchise
Experience --

Financing Options

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

Training & Support

 
Centerstone Franchise
Trend Hotels and Suites by My Place Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Centerstone Franchise
Trend Hotels and Suites by My Place Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Centerstone

At Centerstone we offer 3 concepts: Centerstone Inns & Suites Centerstone Inns are an economy based product that represents exceptional value to its guests. A typical Centerstone Inn would have a minimum of two diamond/star like quality. Typically, it does not include a restaurant and bar and has an average size of 75 rooms. A Centerstone Inns & Suites is basically the same as a Centerstone Inns with 20% or more of its inventory being suites, versus standard guest rooms. Centerstone Hotel A Centerstone Hotel is typically a minimum of three diamond/star like quality that competes in the mid market and brings exceptional value to its customers. Most Centerstone Hotels are full service and provide a restaurant, lounge, meeting rooms and other related services. Waivers are available for restaurants providing a free breakfast buffet is offered. A typical Centerstone Hotel is interior corridor and mid-rise to high-rise with approximately 125 rooms or more. Centerstone Plaza Hotel A Centerstone Plaza Hotel is typically a four diamond/star like quality product that has an immediate wow factor and competes in the high end of the mid tier sector. A Centerstone Plaza Hotel is designed for the more discriminating value conscious traveler. Typically these properties are 150 rooms or larger, full service with restaurant/bar, meeting facilities, swimming pool, health club and other elevated brand standards and service amenities that make this product a true four diamond/star like experience. Franchise Terms Application Fee: $2,000 Initial Fee: $12,000 Royalty & Marketing Fees: 3% Gross Room Revenue Annual Conference Fee: $499 The Centerstone brand offers one of the lowest fee structures in the industry. With an initial fee of only $12,000, franchisees can have short-term agreements as low as 36 months. Combined marketing and royalty is only 3%. Everything mentioned above is coupled with a cutting-edge reservation system, strong consumer marketing programs, and a commitment of fairness and understanding which makes Centerstone one of best choices in franchising today. Welcome to a true, “franchise-friendly”, brand.

The total investment necessary to begin operation of a Centerstone Lodging Facility franchised business is between $3,482,149 and $8,728,147 for a newly constructed hotel. This includes between $42,999 and $67,997 that must be paid to the franchisor or its affiliates.
The total investment necessary to begin operation of a Centerstone Lodging Facility franchised business conversion of an existing hotel is between $47,149 and $1,648,147. This includes between $35,999 and $67,997 that must be paid to the franchisor or its affiliates(s).

About Trend Hotels and Suites by My Place

"TREND

Trend Hotels & Suites by My Place is a collection of unique hotel assets assembled into a franchise system created for the purpose of providing collective intelligence, support, strength, and value to each individual hotelier by deploying the strong fundamentals and culture of the My Place organizations, principles, and people.

Trend Hotels & Suites by My Place was inspired by the actual needs of hundreds of hoteliers today.