Start-Up Costs and Fees |
||
| Trend Hotels and Suites by My Place | Ramada Worldwide | |
| Investment | 180050 - 2848700 | 220731 - 9291313 |
| Franchise Fee | 0 | |
| Royalty Fee | up to 5% | 4.50% |
| Advertising Fee | 4% | |
| Year Founded | 0 | 1954 |
| Year Franchised | 0 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Trend Hotels and Suites by My Place | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| Trend Hotels and Suites by My Place | Ramada Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Trend Hotels and Suites by My Place | Ramada Worldwide | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Trend Hotels and Suites by My Place | Ramada Worldwide | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| Franchise Fee | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| Royalty Fee | |
| Trend Hotels and Suites by My Place | up to 5% |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | 4% |
| Year Founded | |
| Trend Hotels and Suites by My Place | 0 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| Trend Hotels and Suites by My Place | 0 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| Start-up Costs | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| Equipment | |
| Trend Hotels and Suites by My Place} | |
| Ramada Worldwide | |
| Inventory | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| Receivables | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| Payroll | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | Regional workshops |
| Support | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 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 |
| Ramada Worldwide | |
| Canada Expansion | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |
| International Expansion | |
| Trend Hotels and Suites by My Place | |
| Ramada Worldwide | |