my place hotel franchise
“It’s a fairly simple model in the hotel industry with fairly low capital requirement. “With construction times as short as five to six months when we started, we knew we had created a new-build brand that could grow faster than any other. Join to Connect ... Quality Assurance checked into my hotel on Friday last week. We appreciate their support of AAHOA, our members, and our advocacy efforts, and look forward to a lasting partnership.”. “AAHOA is excited about our partnership with My Place. 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or … “On behalf of my team, my coworkers, my owners, thank you My Place Hotels of America, for recognizing us and giving us this amazing opportunity to continue our outreach to all those future guests out there.”. Potential Annual Revenue = $2,500,000+ Based on $70/nightly rate. Eric Myers steps in as VP of franchise sales and development for … The hotel allows pets and features on-site laundry facilities, complimentary high-speed internet and a 24-hour store in the hotel lobby that is stocked with an array of supplies. We were working under some high expectations when we returned to the drawing board with the guest room,” said Corey Haaland, Director of Construction and Prototype Management. The final chord of the convention, however, was a celebration of its current community, a close, passionate, and engaged group of participants. Ron Rivett, the co-founder of the Super 8 motel chain and the co-founder of the new lodging As for the estimated change in new rooms, My Place is slated to be the second fastest growing extended-stay brand in the U.S. Skinner said. It grew from 21 locations in eight states to 28 locations in 14 states. The company is based out of Aberdeen, S.D., and offers franchisees a new construction brand, designed to ensure quality, consistency and the highest of standards for delivering marketplace value. Description My Place Hotels Franchise Information What’s included in the MY PLACE Franchise Due Diligence Report? The largest region is the Midwest with 8 franchise locations. If it was any indication, you'll have a blast celebrating #AAHOACON19 tonight! Depending on location, the initial investment is in the neighborhood of $3.2 to $4.1 million, excluding real estate. My Place Hotels CEO: The Economy Hotel of Yesteryear Is Dying … A Hotel franchise can offer you the flexibility to work as your own boss, flexible hours, and the pote about. Cringleford Business CentreIntwood RoadCringleford, Norwich, UK. about. A Brand’s Evolution. Prior to opening their hotel, My Place Hotels offers each franchisee an administrative training course at the company’s Aberdeen headquarters and a comprehensive manager’s training course at the new My Place University training facility, which opened at the brand’s flagship location last year. Why is My Place different than other brands, Mike? Franchise fees normally include an initial fee with the franchise application, plus continuing fees paid periodically throughout the term of the © 2016 Franchising-Today.com. This article is intended for entrepreneurs who are interested in starting their franchise enterprise. My Place Hotels Unveils Key Developments at its 2019 Convention. Enter your email address to follow this blog and receive notifications of new posts by email. “Michele White, our Director of Brand Management and I worked closely with Quest Hospitality Suppliers and The Richardson Design Partnership to rethink the product while every enhancement cost was explored with franchisees in mind,” Haaland said. As another familiar face of the industry and friend of My Place stated on the All-Star Panel, San Diego was host to a history-making week in hospitality. Initial Investment # 1. Although a discount benefit to the guest has been inherent to My Place since the beginning, the program furthers the brand’s mission to recognize and reward loyal guests. Terry Kline, Executive VP of Franchise Development (605) 229-8684 - Franchising@myplacehotels.com. In this article, we will look at 1) what is franchising? Are there any My Place franchise opportunities near me? Each extended-stay guest room features a kitchen with a two-burner cooktop, microwave and full refrigerator. While the brand may be new, the people behind the brand have generations of experience in the hotel industry. www.franchising-today.com/.../255-my-place-hotels-of-america It may be a relatively new start-up company, but My Place Hotels of America has already carved out a niche in the hospitality market. My Place Hotel-Ankeny, IA, a 3-story, 46-unit hotel, will be located on 2506 Tones Drive. Top Hotel franchises for sale - join a successful hotel franchise and benefit from a rewarding and satisfying career in a $12.4 billion dollar industry! with its U.S. franchise expansion campaign. Starting with only five hotels in 2012, the company is quickly moving toward becoming a major franchise brand. Last year, the company launched a new website, and it’s in the process of launching a new loyalty rewards program called My Place VIP Club. Marking its fifth year since My Place began franchising in 2014, the brand expects to celebrate its 50th hotel opening this summer. My Place Hotels of America, LLC is based out of Aberdeen, SD, Discover a successful business opportunity with hotel franchises from Franchising.com. mr. kline currently serves my place hotels of america as executive vice president of franchise development and administration. “My Place’s all new construction product, relatively low per hotel development costs, and strong brand support are key competitive strengths in making My Place one of the fastest growing extended-stay hotel brands in the country,” Skinner said. Each guest room features a My Kitchen, complete with a cooktop, a microwave and a full refrigerator. The energetic gathering also celebrated the 30th Anniversary AAHOA Convention and Trade Show, convening more than 8,000 hoteliers in the San Diego Convention Center April 24-27. The company is based out of Aberdeen, S.D., and offers franchisees a new construction brand, designed to ensure quality, consistency and the highest of standards for delivering marketplace value. As of the 2015 Franchise Disclosure Document, there are 19 franchised My Place locations in the USA. Each Franchise Due Diligence Report involves custom research on and a complete investigation of the franchise opportunity and MY PLACE HOTELS OF AMERICA LLC, the franchisor that offers franchised businesses for sale. “The fundamental requirement is to have experience in business and an entrepreneurial spirit,” Rivett says. “I could tell from the opening speech to the closing awards, every person at the convention truly cares about each other and about taking care of guests, making all of our properties the best they can be,” Brown said. My Place Hotels offers franchisees an all-new construction brand that is designed to ensure quality, consistency and uphold its standards for delivering marketplace value. 17 Rachel Humphrey, Interim President and CEO of AAHOA, joined the GM Awards: $300 to $1,500 per hotel per year. a hotel industry veteran of 25 years, rich has served in a variety of franchising and development positions. Each franchisee is also supported by the company’s director of franchise relations who helps guide them through development, construction and operations, and facilitates a variety of communications. A Blog About Relationships, Integrity, and Efficiency. 100 Room Florida Hotel For Sale. My Place Hotels of America is a franchise company that focuses on providing a clean and comfortable facility, with modern amenities, and great customer service, all at an affordable price. With Making Waves as the convention’s central theme, breakout sessions focused on impactful initiatives while general sessions gave insight into the brand’s direction and role in a rapidly changing environment. $1,600,000 ALL Cash. Out of the 200,000 rooms included in Skinner’s study, more than 25 percent are 15 to 19 years old while nearly 50 percent are a stunning 20 years and older. These facilities will offer quality accommodations at very competitive rates which are sure to satisfy either the nightly or extended stay needs of all guests.”—Terry Kline, Executive VP of Franchise Development for My Place Hotels of America, LLC. This hotel was run by the owner as a successful lifestyle choice. VP of Franchise Development My Place Hotels & Trend Hotels and Suites Aberdeen, South Dakota 500+ connections. Now, with 7,000 pre-registered members, My Place is prepared to launch Stay RewardedSMat every hotel on June 3, 2019. Conversions are not allowed. AC Hotels by Marriott $75K or $500/rm 5.5% 2.5% Aloft Hotels $60K + $450/rm > 150 rms 5.5% Included in program fee of 4% American Idea Hotels $35K 4% With a special focus on My Place’s position in a converging and popular space, some of the industry’s most familiar voices joined the conversation on April 24 which saw the All-Star Panel moderated by No Vacancy News Host Glenn Haussman as well as an expert’s session on Extended-Stay presented by Mark Skinner, Partner of The Highland Group. Each guest room size is 12x24=288 square feet. My Place Hotels franchisees receive a variety of support services that include sales and marketing, construction and design, operations and quality assurance. The InterContinental Hotels Group is the world’s largest hotel company, including some of the strongest and most recognized hotel franchise brands in the industry: InterContinental® Hotels & Resorts, Crowne Plaza®, Hotel Indigo®, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, and Staybridge Suites®. My Place Hotels enters agreement for 30 new Texas hotels | Hotel … From its loyalty program to the tremendous amount of valuable impressions made throughout an epic week in San Diego, the brand’s community is certain to grow and evolve in the short term. Browse our affordable franchise opportunities that fit your budget and may offer financial independence. The brand currently has 47 hotels open across 21 states with over 120 hotels in the pipeline. This niche of business is rather complex and involves a lot of legal considerations. Based on 2015 FDD data, My Place has franchise locations in 12 states. 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