Start-Up Costs and Fees |
||
| Trend Hotels and Suites by My Place | Microtel Inns & Suites | |
| Investment | 180050 - 2848700 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | up to 5% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1987 |
| Year Franchised | 0 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Trend Hotels and Suites by My Place | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| Trend Hotels and Suites by My Place | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Trend Hotels and Suites by My Place | Microtel Inns & Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Trend Hotels and Suites by My Place | Microtel Inns & Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| Trend Hotels and Suites by My Place | up to 5% |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| Trend Hotels and Suites by My Place | 0 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| Trend Hotels and Suites by My Place | 0 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Equipment | |
| Trend Hotels and Suites by My Place} | |
| Microtel Inns & Suites | |
| Inventory | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Receivables | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Payroll | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |
| Support | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Trend Hotels and Suites by My Place | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Microtel Inns & Suites | |
| Canada Expansion | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| Trend Hotels and Suites by My Place | |
| Microtel Inns & Suites | |