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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. 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. Are there any My Place franchise opportunities near me? Enter your email address to follow this blog and receive notifications of new posts by email. “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. We appreciate their support of AAHOA, our members, and our advocacy efforts, and look forward to a lasting partnership.”. Each guest room features a My Kitchen, complete with a cooktop, a microwave and a full refrigerator. A Hotel franchise can offer you the flexibility to work as your own boss, flexible hours, and the pote We have all the resources you need to start your own hotel or travel franchise. Find a great selection of low cost franchises for as cheap as $5K. 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! It feels not just good or great but satisfying to have all the work, all those hours, and all the innovation noticed,” Brown admitted. Terry Kline, Executive VP of Franchise Development (605) 229-8684 - Franchising@myplacehotels.com. 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. Each guest room size is 12x24=288 square feet. $1,600,000 ALL Cash. 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. 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. Now, with 7,000 pre-registered members, My Place is prepared to launch Stay RewardedSMat every hotel on June 3, 2019. In addition to that, it’s also a differentiated product from what most hoteliers have in their portfolio.”. 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. “Improvements such as a multi-use, mobile desk, can-style lighting, and a modernized bathroom is sure to improve our great guest experience.”. . My Place Hotels of America, LLC is based out of Aberdeen, SD, 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. This hotel was run by the owner as a successful lifestyle choice. Description. Ngoc Thach / My Place Hotels of America605.725.5993pr@myplacehotels.com. Potential Annual Revenue = $2,500,000+ Based on $70/nightly rate. “It’s been a family business since 1974,” Ryan Rivett says. Please click here to find the latest news from My Place Hotels! 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. new venture with My Place by bringing two brand new My Place hotels to the greater Des Moines Metropolitan area by Fall 2017! Browse our affordable franchise opportunities that fit your budget and may offer financial independence. Join one of America's most successful new hotel brands by becoming a My Place Hotels franchisee. “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. This niche of business is rather complex and involves a lot of legal considerations. “We’re projecting to be at 100 franchise locations by the fourth quarter 2018,” President and CEO Ryan Rivett says. My Place Hotel-Ankeny, IA, a 3-story, 46-unit hotel, will be located on 2506 Tones Drive. 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. 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. Last year, the company experienced a 33 percent increase in growth. To book your stay at My Place, please call the toll-free reservation line at: (855) 200-5685, or visit myplacehotels.com. about. My Place Hotels offer modern amenities at an affordable price including nightly, weekly and monthly rate options. April 24 to present the brand’s founders with an award of recognition from the with its U.S. franchise expansion campaign. Marking its fifth year since My Place began franchising in 2014, the brand expects to celebrate its 50th hotel opening this summer. “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.”. 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% All guests are invited to Stay Rewarded®, by enrolling at myplacestayrewarded.com, emailing stayrewarded@myplacehotels.com, or clicking here. #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. 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. 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. 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. My Place Hotels CEO: The Economy Hotel of Yesteryear Is Dying … Based on 2015 FDD data, My Place has franchise locations in 12 states. “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. 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. A Brand’s Evolution. outgoing AAHOA Chairman Hitesh “HP” Patel on the My Place Convention stage on about. "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. Starting with only five hotels in 2012, the company is quickly moving toward becoming a major franchise brand. 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. Eric Myers steps in as VP of franchise sales and development for … Thanks again to @AAHOA and the Young Professionals for closing out #MyPlaceCon with us at @HardRockSD! Rivett says My Place Hotels are relatively low-cost and focused on balancing risk and return. 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. GM Awards: $300 to $1,500 per hotel per year. Investing in a franchise can be relatively cheap and easy with low start up costs. Join to Connect ... Quality Assurance checked into my hotel on Friday last week. © 2016 Franchising-Today.com. 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. One such session, Maintaining a Culture of Continual Improvement, gave attendees the first look at the brand’s Gen 2 Guest Room. A Blog About Relationships, Integrity, and Efficiency. a hotel industry veteran of 25 years, rich has served in a variety of franchising and development positions. While the brand may be new, the people behind the brand have generations of experience in the hotel industry. In this article, we will look at 1) what is franchising? 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. There’s no rest.”. Starting up a franchise can be a daunting task to take on. The initial franchising fee is $30,000. “The implementation of the Gen 2 Lobby was a huge success based on the cost to the property and value to the guest. For more information on franchising with My Place Hotels, please visit myplacehotels.com/franchising or contact Terry Kline at (605) 725-5685. Discover a successful business opportunity with hotel franchises from Franchising.com. This article is intended for entrepreneurs who are interested in starting their franchise enterprise. “We have long-term hoteliers and first-time owners who are relying on us to show them the hotel business.”. “We grew the Super 8 brand to about 1,100 franchises.” He plans to grow My Place Hotels in a similar manner. There’s a graduated royalty fee that begins at zero and is capped at 4 percent and a 2.25 percent advertising/marketing fee. Tarsadia, a family-owned 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. My Place Hotels continues to carve out a niche in the hospitality industry. From Product to Community: My Place Hotels prides itself on providing a clean and comfortable facility, with modern amenities and great customer service, all at an affordable price. Both hotels are “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! My Place Hotels Unveils Key Developments at its 2019 Convention. 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. Taco Bell Mexican food $571K - $3M # 2. 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.”. 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. For many reasons, Rivett expects the next 50 to move much quicker than the first. 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. 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or … 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. 17 “AAHOA is excited about our partnership with My Place. US Expansion Continues: My Place Hotel – Wixom, MI is Now Open! My Place Hotels enters agreement for 30 new Texas hotels | Hotel … The brand currently has 47 hotels open across 21 states with over 120 hotels in the pipeline. “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. All Rights Reserved. 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. Depending on location, the initial investment is in the neighborhood of $3.2 to $4.1 million, excluding real estate. 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