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Updated RecentlyMy Place Hotels vs The Luxury Collection Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of My Place Hotels vs The Luxury Collection including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $4,108,050 - $5,709,950 | $138,156,490 - $214,086,490 |
| Franchise Fee | $30,000 | N/A |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | 2014 | - |
| Year Franchised | 2014 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| 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 The Luxury Collection
!["The]("https://fddexchange.com/wp-content/uploads/2020/12/The-Luxury-Collection-300x164.png")
The franchisee will establish and operate a full-service hotel that will be designated
as a member of “The Luxury Collection.”
The total investment necessary to begin operation of a newly-constructed
The Luxury Collection hotel, excluding the cost of real estate and
related costs (building permit, tap, and impact fees), ranges from
$138,156,490 to $214,086,490 for a 250-guestroom hotel. This includes
approximately $368,500 to $499,500 that must be paid to the franchisor
or an affiliate.