My Place Hotels vs WaterWalk Hotels and Apartments Franchise Comparison

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

Start-Up Costs and Fees

 
My Place Hotels Franchise
WaterWalk Hotels and Apartments Franchise
Investment $4,108,050 - $5,709,950$19,960,000 - $25,430,000
Franchise Fee $30,000$50,000
Royalty Fee --
Advertising Fee --
Year Founded 20142014
Year Franchised 20142014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Place Hotels Franchise
WaterWalk Hotels and Apartments Franchise
Experience --

Financing Options

 
My Place Hotels Franchise
WaterWalk Hotels and Apartments Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
My Place Hotels Franchise
WaterWalk Hotels and Apartments Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
My Place Hotels Franchise
WaterWalk Hotels and Apartments Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

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.




About WaterWalk Hotels and Apartments

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WaterWalk offers both well-appointed hotel suites and all-inclusive apartments. Stay a few days or settle in for a while.
We do hospitality right. Every time.

The total investment necessary to begin operation of a WaterWalk Property ranges from $19,960,000 to $25,430,000. This includes the initial fees owed to  WaterWalk varying from between $137,000 and $647,500 that must be paid to WaterWalk or its affiliates when the Property has no more than 153 units. If the Property will have more than 153 units, the payment to  WaterWalk and its affiliates and the total investment is increased by $375 per each additional unit.