My Place FDD Summary
Type of Business
My Place franchisees provide economy extended stay transient lodging (hotel) services to the public.
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® 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 $3,827,661 – $4,764,761 not including the cost to buy or lease land. This includes the $30,000 Initial Franchise Fee that must be paid to the franchisor.