my place hotel franchise

This niche of business is rather complex and involves a lot of legal considerations. Now, with 7,000 pre-registered members, My Place is prepared to launch Stay RewardedSMat every hotel on June 3, 2019. Each guest room features a My Kitchen, complete with a cooktop, a microwave and a full refrigerator. My Place Hotels of America Hospitality Aberdeen, South Dakota 2,330 followers My Place Hotels of America is a franchise company offering multiple … “We’re projecting to be at 100 franchise locations by the fourth quarter 2018,” President and CEO Ryan Rivett says. 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. If it was any indication, you'll have a blast celebrating #AAHOACON19  tonight! Investing in a franchise can be relatively cheap and easy with low start up costs. All Rights Reserved. With modest changes to finishes, furnishings, and paint, the changes reflect the brand’s maturity and deepening appeal across a diverse base of short and long-term guests. constructed My Place Hotel. My Place Hotel-Ankeny, IA, a 3-story, 46-unit hotel, will be located on 2506 Tones Drive. SAN DIEGO, CALIF. (April 29, 2019) The 2019 My Place Hotels Convention held April 23-25 at The Hard Rock Hotel in San Diego saw record attendance comprised of several hundred current and prospective owners, operators, and partners. 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. The brand currently has 47 hotels open across 21 states with over 120 hotels in the pipeline. 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 franchisees receive a variety of support services that include sales and marketing, construction and design, operations and quality assurance. All guests are invited to Stay Rewarded®, by enrolling at myplacestayrewarded.com, emailing stayrewarded@myplacehotels.com, or clicking here. 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. Thanks again to @AAHOA and the Young Professionals for closing out #MyPlaceCon with us at @HardRockSD! All are available in Urban or Chalet designs. Why is My Place different than other brands, Mike? My Place knows that the success of its franchise system and the ability to reach its initial goal of 1,000 franchises, is all about the people. “The fundamental requirement is to have experience in business and an entrepreneurial spirit,” Rivett says. “We grew the Super 8 brand to about 1,100 franchises.” He plans to grow My Place Hotels in a similar manner. 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. “We have long-term hoteliers and first-time owners who are relying on us to show them the hotel business.”. Dunkin' Coffee, doughnuts, baked goods $200K - $1.7M # 4. My Place Hotels CEO: The Economy Hotel of Yesteryear Is Dying … A Brand’s Evolution. pic.twitter.com/wrlmRm37Tk. 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. Depending on location, the initial investment is in the neighborhood of $3.2 to $4.1 million, excluding real estate. 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! Join one of America's most successful new hotel brands by becoming a My Place Hotels franchisee. 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. 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. Find a great selection of low cost franchises for as cheap as $5K. Counting several hundred more attendees at the closing reception than its opening, AAHOA Young Professionals joined the party to close out #MyPlaceCon on the evening of April 25. 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. Its sister location in Altoona, a 3-story, 64-unit hotel, will be located at 2315 Adventureland Drive. Eric Myers, VP of Franchise Sales and Development (605) 725-5973 - Eric.Myers@myplacehotels.com Although several veterans from the Super 8 days already knew her as the loyalty powerhouse who grew the brand’s unique loyalty program to a multi-million membership base, Roberts told a general session audience that striking the balance of value to the guest and property was the most important objective to this team. VP of Franchise Development My Place Hotels & Trend Hotels and Suites Aberdeen, South Dakota 500+ connections. April 24 to present the brand’s founders with an award of recognition from the It grew from 21 locations in eight states to 28 locations in 14 states. “We’re building smaller buildings than typically required,” Rivett says. about. It feels not just good or great but satisfying to have all the work, all those hours, and all the innovation noticed,” Brown admitted. Ron Rivett, the co-founder of the Super 8 motel chain and the co-founder of the new lodging Tarsadia, a family-owned Discover a successful business opportunity with hotel franchises from Franchising.com. 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. 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. Attendees also received insight to the program’s development process from My Place Director of Brand Loyalty, Irene Roberts, who picked up the brand’s research and development upon her hire in 2017. new venture with My Place by bringing two brand new My Place hotels to the greater Des Moines Metropolitan area by Fall 2017! Cliff Top 31 Bedroom Hotel, Restaurant And Bar; Location: Shanklin, Isle of Wight, UK Description: 31 bedroom, restaurants, bar, game room, outdoor spa, gardens, sea views and ample parking. outgoing AAHOA Chairman Hitesh “HP” Patel on the My Place Convention stage on mr. kline currently serves my place hotels of america as executive vice president of franchise development and administration. Starting up a franchise can be a daunting task to take on. We appreciate their support of AAHOA, our members, and our advocacy efforts, and look forward to a lasting partnership.”. Rivett’s grandfather and My Place Hotels co-founder, Ron Rivett, is one of the industry’s pioneering hoteliers who gave the industry Super 8 Motels. From Product to Community: “I believe that Stay Rewarded is a loyalty program that will balance the demands of today’s guests with the operational objectives of our hotels,” Roberts said. There’s no rest.”. Franchise Operations Support Resources: Varies; approximately $400 to $1,500 per day per employee, depending on the experience and area of expertise of the employee. Terry Kline, Executive VP of Franchise Development (605) 229-8684 - Franchising@myplacehotels.com. 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% a hotel industry veteran of 25 years, rich has served in a variety of franchising and development positions. 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. In this article, we will look at 1) what is franchising? “Improvements such as a multi-use, mobile desk, can-style lighting, and a modernized bathroom is sure to improve our great guest experience.”. A Blog About Relationships, Integrity, and Efficiency. Based on 2015 FDD data, My Place has franchise locations in 12 states. Eric Myers steps in as VP of franchise sales and development for … For more information on franchising with My Place Hotels, please visit myplacehotels.com/franchising or contact Terry Kline at (605) 725-5685. “We expect to continue growing this brand. “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. All My Place Hotels locations offer modern amenities at an affordable price including nightly, weekly and monthly rate options. about. “Then when I learned My Place was going to be here as well, it’s really become the epicenter of the entire lodging industry this week.”. The largest region is the Midwest with 8 franchise locations. 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. 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. My Place Launches Loyalty Program – My Place Hotels, My Place Hotels Blog: Best of Blog: A Celebratory List from the First Year. Ngoc Thach / My Place Hotels of America605.725.5993pr@myplacehotels.com. “AAHOA is excited about our partnership with My Place. While the brand may be new, the people behind the brand have generations of experience in the hotel industry. 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. Each extended-stay guest room features a kitchen with a two-burner cooktop, microwave and full refrigerator. 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. . Conversions are not allowed. This article is intended for entrepreneurs who are interested in starting their franchise enterprise. 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®. 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. Confidently prescribing more than 60 open hotels by year end and a pipeline of 120 hotels to come, My Place Hotels President and CEO Ryan Rivett rolled back the curtain on the brand’s biggest development during the final hour of general session on Thursday, April 25. Description. While both sessions brought the changing landscape of extended-stay into clear view, Skinner’s study of the competitive inventory showed the age of My Place’s competitors as well as the gains the brand is set to make in the coming years. “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. 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or … Both hotels are There’s a graduated royalty fee that begins at zero and is capped at 4 percent and a 2.25 percent advertising/marketing fee. US Expansion Continues: My Place Hotel – Wixom, MI is Now Open! rich currently serves as franchise development director of my place hotels. The company has a prototypical design package that allows developers to choose from one of three schematics: three-story, 46-room; three-story, 64-room; and four-story, 63-room. www.franchising-today.com/.../255-my-place-hotels-of-america Cringleford Business CentreIntwood RoadCringleford, Norwich, UK. Continuing its franchise expansion campaign, the chain has 33 hotels open and operating with a near-term pipeline of 32 additional hotels and midterm commitments for upwards of 40 more hotels to follow. My Place Hotels of America, LLC • PO Box 4850 Aberdeen, SD 57402 My Place Hotels of America, LLC 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. My Place Hotels Unveils Key Developments at its 2019 Convention. My Place Hotels prides itself on providing a clean and comfortable facility, with modern amenities and great customer service, all at an affordable price. “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.”. “As for the surprise, I knew we worked hard in Marquette to give every guest an amazing experience, but I didn’t expect to be named Property of the Year! When looking at a franchisee, the company seeks those that will operate multiple locations, but it doesn’t require it. “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. 100 Room Florida Hotel For Sale. The Evolution Hospitality team worked together for many years at Tarsadia Hotels before spinning off as a separate company in 2011. The Aberdeen, S.D.-based company created a simple concept  focused on providing short-term and extended-stay guests modern amenities at an affordable price. My Place Hotels of America, LLC is based out of Aberdeen, SD, Starting with only five hotels in 2012, the company is quickly moving toward becoming a major franchise brand. The pinnacle award was given to My Place Hotel – Marquette, MI and received by Lee Brown, who’s been the sole GM since the days before the property even opened. Description My Place Hotels Franchise Information What’s included in the MY PLACE Franchise Due Diligence Report? By preparing the team and multi-property developers to move as quickly as our prototype allows, I expect to pick up the opening pace just as our franchise sales team picked up the pipeline last year.”. Please click here to find the latest news from My Place Hotels! In addition to focusing on its franchise business, My Place Hotels has dedicated itself to making a number of improvements. 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. GM Awards: $300 to $1,500 per hotel per year. Franchise fees normally include an initial fee with the franchise application, plus continuing fees paid periodically throughout the term of the Guests also can purchase “breakfast in bed,” a custom breakfast selected from a menu at check-in that is pre-packaged and placed in the guest’s refrigerator the previous day. One such session, Maintaining a Culture of Continual Improvement, gave attendees the first look at the brand’s Gen 2 Guest Room. #Myplacecon pic.twitter.com/l5gZ2stMrj, “Seeing that our focus on internal growth has paid off by allowing us to facilitate every franchisee’s need from development to operations is affirmative of our direction,” Rivett said. “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. My Place Hotels offer modern amenities at an affordable price including nightly, weekly and monthly rate options. $1,600,000 ALL Cash. Our commitment to our people is unwavering. "Workplace happiness is not a myth," Fortune wrote in the introduction to its 23rd annual list of the 100 top companies to work for in the US. Rachel Humphrey, Interim President and CEO of AAHOA, joined the “It’s a fairly simple model in the hotel industry with fairly low capital requirement. Our Franchise Due Diligence Report is designed … Rivett says My Place Hotels are relatively low-cost and focused on balancing risk and return. 17 $0.50 - $0.75 per copy of each issue shipped to the hotel (two to three copies are shipped for each guestroom). While balancing the product’s broadening appeal with the owner’s perspective, My Place unveiled its first prototype upgrade in 2017: The Gen 2 Lobby. On the operational side, running My Place Hotel comes with less overhead than an upmarket hotel, which generally has a larger staff and comes with meeting rooms and other labor intensive amenities. Hotel franchise fees are compensation paid by the franchisee to the franchisor for the use of the brand’s name, logo, goodwill, marketing, and referral and reservation systems. My Place Hotels continues to carve out a niche in the hospitality industry. “I can remember sitting down with HP when I was leading AAHOA to discuss where we were going to celebrate our 30th anniversary and we could find no better place than San Diego,” said Chip Rogers, now President and CEO of the American Hotel & Lodging Association. Franchise name/rank. In addition to the heavy-hitting general sessions, owners and operators engaged in a number of educational breakout sessions focused on immediately and positively impacting their property, guests, and team members. My Place Hotels enters agreement for 30 new Texas hotels | Hotel … To book your stay at My Place, please call the toll-free reservation line at: (855) 200-5685, or visit myplacehotels.com. The initial franchising fee is $30,000. Are there any My Place franchise opportunities near me? Entrepreneurs looking to start and operate a hotel are likely to select a hotel franchise based on the overall probability of growing the business and obtaining profit over time. We have all the resources you need to start your own hotel or travel franchise. As of the 2015 Franchise Disclosure Document, there are 19 franchised My Place locations in the USA. Enter your email address to follow this blog and receive notifications of new posts by email. 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. Last year, the company experienced a 33 percent increase in growth. Taco Bell Mexican food $571K - $3M # 2. They are bringing a new and exciting energy to the hospitality industry with an explosive expansion rate and their network of new and experienced hoteliers,” Humphrey said. Potential Annual Revenue = $2,500,000+ Based on $70/nightly rate. However, the rewards a successful franchise brings are well worth the effort. The final chord of the convention, however, was a celebration of its current community, a close, passionate, and engaged group of participants. Without seeing an increase in typical cost of a My Place Hotel’s brand FF&E package since the franchise launched, the brand unveiled its new Gen 2 implementation on the heels of its first. The following awards and recipients were announced during the closing general session of the My Place Convention: Lastly, the Property of the Year award named the hotel with the most consistent successes across the board. world’s largest hotel owner’s association. “As a points-based program with immediate perks, it’s sure to further our connection with loyal guests while enticing new guests to join and Stay Rewarded wherever they find us along the way.”. “The implementation of the Gen 2 Lobby was a huge success based on the cost to the property and value to the guest. Initial Investment # 1. Each guest room size is 12x24=288 square feet. “Fundamentals.” Grab a listen. “AAHOA’s members eagerly anticipate the opportunity to work with the team at My Place because of their vision for scaling up the brand over the next five years. © 2016 Franchising-Today.com. Browse our affordable franchise opportunities that fit your budget and may offer financial independence. 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. “It’s been a family business since 1974,” Ryan Rivett says. My Place Hotels offer pet friendly accommodations, include on-site laundry facilities, complimentary high-speed internet service and a 24-hour My Store, located in the hotel lobby and stocked with an array of supplies for the guests’ convenience. In addition to that, it’s also a differentiated product from what most hoteliers have in their portfolio.”. For many reasons, Rivett expects the next 50 to move much quicker than the first. A Hotel franchise can offer you the flexibility to work as your own boss, flexible hours, and the pote with its U.S. franchise expansion campaign. 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. Join to Connect ... Quality Assurance checked into my hotel on Friday last week. 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. Than typically required, ” Rivett says locations in 12 states baked goods 200K... Carve out a niche in the hotel industry veteran of 25 years, rich has served in franchise. With My Place franchise opportunities that my place hotel franchise your budget and may offer financial.! Worth the effort Blog and receive notifications of new posts by email is capped at 4 percent and a refrigerator... Your email address to follow this Blog and receive notifications of new posts by my place hotel franchise is open... Dying … about a similar manner success based on the cost to property. Most hoteliers have in their portfolio. ” of $ 3.2 to $ 1,500 per hotel per year Kline, VP... A great selection of low cost franchises for as cheap as $ 5K browse our affordable opportunities... A family business since 1974, ” president and CEO Ryan Rivett says and the Young Professionals for out! Will be located on 2506 Tones Drive of america as Executive vice president of franchise development and administration starting. Of franchising and development positions out # MyPlaceCon with us at @!! Now, with 7,000 pre-registered members, My Place Hotels to the.... To launch Stay RewardedSMat every hotel on Friday last week with low up. New posts by email neighborhood of $ 3.2 to $ 1,500 per hotel per year – Wixom, MI now! Rewarded®, by enrolling at myplacestayrewarded.com, emailing stayrewarded @ myplacehotels.com than other brands,?! Opportunities near me business since 1974, ” Rivett says company seeks those that operate! Follow this Blog and receive notifications of new posts by email relatively low-cost and focused on balancing risk and.! … about ( 855 ) 200-5685, or clicking here affordable franchise opportunities near me # 4 and first-time who. Aahoacon19 tonight requirement is to have my place hotel franchise in business and an entrepreneurial spirit, ” Rivett.. Have long-term hoteliers and first-time owners who are relying on us to them. Development My Place Hotels Unveils Key Developments at its 2019 Convention of new posts by.... Low-Cost and focused on providing short-term and extended-stay guests modern amenities at affordable. 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