Start-Up Costs and Fees |
||
| Trend Hotels and Suites by My Place | Wingate by Wyndham | |
| Investment | 180050 - 2848700 | 375465 - 10816446 |
| Franchise Fee | 0 | |
| Royalty Fee | up to 5% | 4.50% |
| Advertising Fee | 4% | |
| Year Founded | 0 | 1995 |
| Year Franchised | 0 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Trend Hotels and Suites by My Place | Wingate by Wyndham | |
| Experience | ||
Financing Options |
||
| Trend Hotels and Suites by My Place | Wingate by Wyndham | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Trend Hotels and Suites by My Place | Wingate by Wyndham | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Trend Hotels and Suites by My Place | Wingate by Wyndham | |
| 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 | |
| Wingate by Wyndham | |
| Franchise Fee | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
| Royalty Fee | |
| Trend Hotels and Suites by My Place | up to 5% |
| Wingate by Wyndham | 4.50% |
| Advertising Fee | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | 4% |
| Year Founded | |
| Trend Hotels and Suites by My Place | 0 |
| Wingate by Wyndham | 1995 |
| Year Franchised | |
| Trend Hotels and Suites by My Place | 0 |
| Wingate by Wyndham | 1995 |
| Term Of Agreement | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | 20 years |
| Renewal Fee | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
Business Experience Requirements |
|
| Experience | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
Financing Options |
|
| Franchise Fees | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
| Start-up Costs | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
| Equipment | |
| Trend Hotels and Suites by My Place} | |
| Wingate by Wyndham | |
| Inventory | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
| Receivables | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
| Payroll | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
Training & Support |
|
| Training | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | Regional workshops |
| Support | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | Co-op advertising, National media, Regional advertising |
| Operations | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 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 |
| Wingate by Wyndham | |
| Canada Expansion | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |
| International Expansion | |
| Trend Hotels and Suites by My Place | |
| Wingate by Wyndham | |