My Place Hotels

Who are we

What to know about My Place Hotels franchise? My Place Hotels is an American hotel chain with many locations throughout the country. They are dedicated to providing guests with a clean, comfortable, and affordable place to stay. They offer a variety of amenities to make the client's stay more enjoyable, including free breakfast, free Wi-Fi, and pet-friendly rooms. The hotel also offers laundry facilities and 24-hour front desk service for all guests. The staff is always available to help with anything the client might need. My Place Hotels provides their franchisees with a turn-key operation, which includes help with site selection, financing, training, and marketing. They also offer a variety of support services to ensure that each franchise is successful. My Place Hotels is based in Aberdeen, SD. Scroll down to learn more!How much does a My Place Hotels franchise cost?Are you wondering how much is a My Place Hotels franchise? Before starting a My Place Hotels franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a My Place Hotels franchise is $4,475,750 and can go all the way up to $5,121,250. Keep in mind, you should also allocate additional funds to live off of while the My Place Hotels business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 My Place Hotels franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a My Place Hotels business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your My Place Hotels franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.