Trend Hotels and Suites by My Place vs The Red Collection Franchise Comparison

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

Start-Up Costs and Fees

 
Trend Hotels and Suites by My Place Franchise
The Red Collection Franchise
Investment $180,050 - $2,848,700$787,000 - $1,745,500
Franchise Fee N/A$30,000
Royalty Fee up to 5%-
Advertising Fee --
Year Founded -2017
Year Franchised -2017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Trend Hotels and Suites by My Place Franchise
The Red Collection Franchise
Experience --

Financing Options

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

Training & Support

 
Trend Hotels and Suites by My Place Franchise
The Red Collection Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Trend Hotels and Suites by My Place Franchise
The Red Collection Franchise
US Expansion Yes-
Canada Expansion --
International Expansion --

Company Overviews

About Trend Hotels and Suites by My Place

"TREND

Trend Hotels & Suites by My Place is a collection of unique hotel assets assembled into a franchise system created for the purpose of providing collective intelligence, support, strength, and value to each individual hotelier by deploying the strong fundamentals and culture of the My Place organizations, principles, and people.

Trend Hotels & Suites by My Place was inspired by the actual needs of hundreds of hoteliers today.


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.