My Place Hotels vs The Red Collection Franchise Comparison

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

Start-Up Costs and Fees

 
My Place Hotels Franchise
The Red Collection Franchise
Investment $4,108,050 - $5,709,950$787,000 - $1,745,500
Franchise Fee $30,000$30,000
Royalty Fee --
Advertising Fee --
Year Founded 20142017
Year Franchised 20142017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Place Hotels Franchise
The Red Collection Franchise
Experience --

Financing Options

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

Training & Support

 
My Place Hotels Franchise
The Red Collection Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
My Place Hotels Franchise
The Red Collection Franchise
US Expansion Yes-
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 The Red Collection

"The
Red Roof® properties, including The Red Collection, consistently outperform in the economy market and have some of the lowest fees in the industry.

Red Roof is expanding internationally to Brazil, Canada, Thailand, and Japan as well as across the U.S.A.

The total investment necessary to begin operation of a hotel participating in The Red Collection franchise for a 65-room conversion hotel ranges from $787,000 to $1,745,500. These amounts do not include the cost of land or rent for the hotel location but do include the approximately $57,500 to $62,000 that must be paid to the franchisor or affiliate.