| ||||
Updated RecentlyMy Place Hotels vs Moxy Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Place Hotels vs Moxy Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $4,108,050 - $5,709,950 | $10,309,910 - $31,230,300 |
| Franchise Fee | $30,000 | $75,000 |
| Royalty Fee | - | 5.5% |
| Advertising Fee | - | - |
| Year Founded | 2014 | 2014 |
| Year Franchised | 2014 | 2014 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About My Place Hotels
!["My]("https://media-exp1.licdn.com/dms/image/C560BAQELUo64ZbHKxA/company-logo_200_200/0?e=1611792000&v=beta&t=xRa9HU1c5h_NIl3i4NhxjQUt67bIy-_tKjcrO_mIyX4"){kind=logo}
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 Moxy Hotels
!["Moxy]("https://fddexchange.com/wp-content/uploads/2020/01/Moxy-Hotels-300x102.png")
Moxy Hotels, Marriott International’s newest and most anxious affordable brand, serves as a playground that attracts Fun Hunter travelers. With a highly competitive market for hotels in much of the United States and Canada, Moxy Hotels gives owners and franchisees a new pick of the litter to compete in the upper, midscale priced tier in prime urban locations.
The total investment necessary to begin operation of a newly-constructed
prototypical Moxy Hotel, excluding the cost of real estate and related
costs (building permit, tap, and impact fees), ranges from $10,309,910
to $25,544,600 for a 100 to 150-room Moxy Hotel and from $15,162,110 to
31,230,300 for a 151 to 200-room Moxy Hotel, plus from 100,000 to
200,000 Euros to be paid to a third-party not related to us. This
includes approximately $161,000 to $280,590 that must be paid to the
franchisor or an affiliate.