TRYP by Wyndham vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees
 
TRYP by Wyndham Franchise
My Place Hotels Franchise
Investment $15,120,019 - $23,614,755$4,108,050 - $5,709,950
Franchise Fee $39,500$30,000
Royalty Fee 5%-
Advertising Fee 4%-
Year Founded 19752014
Year Franchised 20112014
Term Of Agreement 15-20 YEARS-
Term Of Agreement 15-20 YEARS-
Renewal Fee Negotiable, renewable-


Business Experience Requirements
 
TRYP by Wyndham Franchise
My Place Hotels Franchise
Experience --

Financing Options
 
TRYP by Wyndham Franchise
My Place Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/Yes-/-
Start-up Costs Yes/Yes-/-
Equipment -/Yes-/-
Inventory Yes/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
TRYP by Wyndham Franchise
My Place Hotels Franchise
Training On-The-Job Training: 3-4 days Classroom Training: 4 days -
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform -
Marketing Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations --

Expansion Plans
 
TRYP by Wyndham Franchise
My Place Hotels Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion Yes-

Company Overviews

About TRYP by Wyndham

TRYP by Wyndham® is a select-benefit inn mark that as of now has more than 90 properties in the absolute most dynamic and cosmopolitan urban communities in Europe and South America and will soon be making its introduction in North America. TRYP lodgings take into account both business and relaxation voyagers who esteem personal satisfaction with expert greatness, and offer a novel affair that urges visitors to appreciate the city, mingle and live without limitations.

Begin!

Building a solid, gainful business takes assets. As a component of the Wyndham family, you get them. Select access to world-class improvement bolster administrations - Design, Development and Sourcing.

As one of the world's biggest cordiality organizations, Wyndham Worldwide offers explorers around the world, and in addition lodging speculators, designers, and administrators, a wide suite of friendliness items and administrations crosswise over different convenience choices and value ranges. We have manufactured a critical nearness in real cordiality showcases in the United States and all through the world.

We establishment inns in the upper upscale through economy fragments of the cabin business and give property administration administrations to upscale properties through Wyndham Hotel Management.

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.