My Place Hotels
Lodging & Hospitality · Hotels, Resorts
Description
What is My Place Hotels?
Each My Place property is thoughtfully designed to provide guests with spacious, well-appointed rooms featuring full-size refrigerators and comfortable beds, ensuring a home-like experience during their stay. The brand's commitment to guest satisfaction is evident through their attentive staff and customer-first approach, consistently receiving praise for their friendly service and helpful demeanor.
What sets My Place Hotels apart is their strategic focus on providing essential amenities that matter most to extended-stay guests, while maintaining competitive pricing without compromising on quality. Their properties are strategically located in growing markets across the United States, offering franchisees the opportunity to tap into both business and leisure travel segments.
For potential franchisees, My Place Hotels offers a proven business model with comprehensive support systems, including site selection assistance, construction guidance, and ongoing operational support. The brand's relatively recent establishment means franchisees can benefit from modern, efficient operations systems while joining a network that maintains high standards of quality and service.
As the hospitality industry continues to evolve, My Place Hotels remains committed to growth and innovation, making it an attractive option for entrepreneurs looking to enter the hotel sector with a brand that understands both guest needs and franchisee success.
- 12-Year Proven Operational Track Record Since 2012
- 70 Active Operating Units Across Multiple States
- 33% Lower Investment Than Sub-Sector Average
- Comprehensive Franchise Support System
- Established Extended-Stay Hospitality Model
- Multi-State Expansion with Recent Growth Momentum
Location Analysis
Where My Place Hotels wins
The franchise's strong customer ratings, though based on limited feedback data, suggests strong operational execution and customer satisfaction where present. My Place Hotels appears to target markets with strong business travel, regional tourism, and energy sector activity, positioning itself as a value-oriented extended-stay option in growing secondary markets.
Ideal locations typically feature proximity to business districts, healthcare facilities, or regional attractions, with preference for sites along major transportation corridors. Growth opportunities exist in the Southeast and Northeast, where the brand has limited presence. Successful locations often benefit from markets with median household incomes between $45,000-$75,000 and stable employment bases, particularly in areas experiencing commercial development or energy sector activity.
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Financial Analysis
The numbers behind My Place Hotels
The lodging industry benefits from consistent travel demand and corporate accommodation needs, though capital intensity requires experienced investors with substantial liquid assets. Hotel franchises typically demand 25-30% liquid capital of total investment, suggesting investors need $1.4M-$2.1M in readily available funds. SBA financing often covers 70-80% of qualified hotel projects.
Established in 2012 with 70 operating units, My Place demonstrates measured growth over its 12-year history. While specific revenue data is not available for this franchise, the sub-sector average gross revenue of $1,502 provides context for potential performance expectations. The system's expansion across multiple states indicates operational scalability and continued development momentum.
Investors should consider the capital-intensive nature requiring professional management, extended development timelines, and regulatory compliance complexity. The franchise offers multi-unit development potential for qualified operators with hospitality experience.
Ideal candidates possess $2M+ liquid capital, hotel or real estate development background, and access to experienced management teams. Markets with business travel demand and limited midscale competition present optimal opportunities.
Financing partners
Vetted partners, tailored to franchisees
Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.
FranFund
CRF USA
Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.
First Bank of the Lake
Pension Pros
FDD Item 7
Initial investment range
Per FDD Item 7, total initial investment ranges from $5,677,950 to $6,951,450. The midpoint $6,314,700 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.
Growth over time
Franchise footprint
2024 Franchise Disclosure
FDD documents
Below are items 2, 3, 4, 7, 11 and 19 for My Place Hotels's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.
Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.
Buyer FAQs
Frequently asked questions
The initial investment for a My Place Hotels franchise typically ranges between $5,677,950.00 and $6,951,450.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.
Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.
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