My Place Hotels vs Element Hotels Franchise Comparison

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

Start-Up Costs and Fees

 
My Place Hotels Franchise
Element Hotels Franchise
Investment $4,108,050 - $5,709,950$10,972,610 - $30,445,500
Franchise Fee $30,000$60,000
Royalty Fee -5.5%
Advertising Fee --
Year Founded 20141997
Year Franchised 20142017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Place Hotels Franchise
Element Hotels Franchise
Experience --

Financing Options

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

Training & Support

 
My Place Hotels Franchise
Element Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
My Place Hotels Franchise
Element Hotels Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

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 Element Hotels

"Element

Inspired by Westin, Element® is transforming the extended stay segment with bright, modern design, eco-conscious practices and an innovative guest experience that resonates with today’s traveler. From spacious guest rooms featuring fully equipped kitchens to spa-inspired bathrooms, guests have space to live their lives.
Element is a smarter, better place to stay.