My Place Hotels FDD – Franchise Information, Costs and Fees
Type of Business
My Place franchisees provide transient lodging (hotel) services to the public. Franchisees conduct business using the name My Place.
Corporate Information
My Place Hotels of America, LLC is a South Dakota limited liability company that was organized on July 22, 2011. They do business as My Place®, My Place Hotels®, and My Place Economy Extended Stay®.. Their principal business address is 1910 8th Avenue Northeast, Aberdeen, South Dakota 57401. They have offered franchises since May 30, 2012.
Investment
The total investment necessary to begin the operation of a 64 unit My Place hotel franchise is approximately $5,677,950 – $6,951,450 not including the cost to buy or lease land. This includes the $70,794-$75,794 that must be paid to the franchisor or its affiliate(s).
