My Place Hotels vs COMPASS by Margaritaville Franchise Comparison

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

Start-Up Costs and Fees

 
My Place Hotels Franchise
COMPASS by Margaritaville Franchise
Investment $4,108,050 - $5,709,950$9,010,000 - $31,395,000
Franchise Fee $30,000N/A
Royalty Fee --
Advertising Fee --
Year Founded 20142020
Year Franchised 20142020
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Place Hotels Franchise
COMPASS by Margaritaville Franchise
Experience --

Financing Options

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

Training & Support

 
My Place Hotels Franchise
COMPASS by Margaritaville Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
My Place Hotels Franchise
COMPASS by Margaritaville Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About My Place Hotels

"My

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.




About COMPASS by Margaritaville


"Compass
Brand-new in 2020, Compass Hotels by Margaritaville brings our signature island vibe to a whole new range of locations. Dropping anchor in up-and-coming neighborhoods, established vacation hotspots, college towns, coastal retreats, and bustling downtown centers - Compass is poised to deliver a tall, cold glass of chill to anyone who’s looking for a tropical-style escape. Discover a whole new latitude. Invest in a Compass.