Trend Hotels and Suites by My Place
Trend Hotels and Suites by My Place is an upper-midscale and upscale hotel concept converted from an existing hotel property that provides transient lodging accommodations to the traveling public, including guests needing extended-stay lodging.
Your franchise match score
Travel
Brand highlights
- CEORyan J. Rivett
- Headquarters1910 8th Avenue Northeast, Aberdeen, SD, 57401
- Year founded2011
- Year started franchising
- IndustryTravel
- Locations open0 (+0 last three years)
Statistics & metrics
- Investment range$180,500 - $2,849,000
- Franchise fee$45,000
- Royalty0% of your Gross Room Revenue for 30 calendar days after your hotel begins operating, 2.5% of your Gross Room Revenue beginning on day 31 of operation until day 90, 4% of your Gross Room Revenue beginning on day 91 of operation until day 180, and 5% of your Gross Room Revenue thereafter for the remaining term of your franchise agreement.
- Brand fund2.50% of Gross Room Revenue
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Travel industry:
Travel franchises help clients plan and book vacations and business trips. This industry appeals to those who love to travel and want to help others explore the world.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-04-30
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Trend Hotels and Suites by My Place, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Trend Hotels and Suites by My Place's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Trend Hotels and Suites by My Place, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Trend Hotels and Suites by My Place franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Trend Hotels and Suites by My Place provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 0 |
| Franchise locations | 0 |
| Corporate locations | 0 |
System growth over time
FAQs
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