Question 1

How much does it cost to open a Trend Hotels and Suites by My Place franchise?

Accepted Answer

The total initial investment for a Trend Hotels and Suites by My Place franchise ranges from $273K to $2.9M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Trend Hotels and Suites by My Place franchise fee?

Accepted Answer

The initial franchise fee for Trend Hotels and Suites by My Place is $45K.

Question 3

What are the net worth requirements for a Trend Hotels and Suites by My Place franchise?

Accepted Answer

Net worth requirements for Trend Hotels and Suites by My Place are specified in the Franchise Disclosure Document.

Question 4

Does Trend Hotels and Suites by My Place require a personal guarantee?

Accepted Answer

Yes, Trend Hotels and Suites by My Place requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Trend Hotels and Suites by My Place franchise?

Accepted Answer

Equipment costs for a Trend Hotels and Suites by My Place franchise range from $10K to $1.8M. Initial inventory costs range from $5K to $25K.