My Place Hotels
Hospitality · Hotels & Extended Stay
- Active units
- 51
- Royalty
- 4.8%
Franchised, year-end 2024
of weekly Net Sales
About My Place Hotels
My Place Hotels is a brand that offers a collection of newly built affordable hotels, catering to all families, business travelers, and leisure travelers. With a commitment to making every guest feel at home, they aim to make My Place, Your Place! The brand's hotels are designed with the guest's best interest in mind, providing high-quality rooms at reasonable prices. Whether you're staying for a short or long duration, My Place Hotels ensures a comfortable and cozy experience. Their properties feature easy check-in, friendly staff, and modern rooms equipped with all the comforts of home. Guests can enjoy amenities such as on-site My Store for snacks, in-room My Kitchen for meal preparation, premium cable channels on a flat-screen TV, as well as free Wi-Fi and wired internet access. My Place Hotels is known for its commitment to value and quality, allowing guests to enjoy the comforts of home while exploring the surrounding area and living like a local. Experience affordable luxury and convenience with My Place Hotels.
Key terms
- Franchise fee
$40k
- Brand fund
2.8% of Net Sales
- Footprint
30,000 sq ft
- Veteran discount
Not offered
Brand Percentile Rankings
Growth
- Total locations51
Franchised units open at year-end
- New openings3
Gross new units opened during the calendar year
- 1-year unit growth rate4.1%
Net unit growth versus prior year
- 3-year unit CAGR7.7%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio3.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$6.3M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open15 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate4.8%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 111 of 185 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.