16 frequently asked questions answered with data from the 2025 Franchise Disclosure Document.
The total initial investment to open a Trend Hotels and Suites by My Place franchise ranges from $273K to $2.9M (2025 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for Trend Hotels and Suites by My Place is $45K (2025 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the Trend Hotels and Suites by My Place 2025 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
Yes, a Trend Hotels and Suites by My Place franchise requires a physical location (2025 FDD). Franchisees will need to lease or purchase commercial real estate, which is a significant component of the total investment.
View full investment analysisTrend Hotels and Suites by My Place charges a royalty fee of 5.0% of gross sales (2025 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a Trend Hotels and Suites by My Place franchise is approximately 7.5% of gross sales (2025 FDD). This includes the royalty fee, a 2.5% marketing/advertising fund contribution, a $1204/month technology fee, and other recurring charges.
View full fees analysisTrend Hotels and Suites by My Place has been involved in 0 litigation cases over the past 3 years (2025 FDD). There are no class action lawsuits pending.
View full litigation analysisNo, the Trend Hotels and Suites by My Place franchisor has no bankruptcy filings in their disclosure history (2025 FDD).
View full litigation analysisTrend Hotels and Suites by My Place offers exclusive territory rights to its franchisees (2025 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Franchisees retain online sales rights for their territory.
View full territory analysisTrend Hotels and Suites by My Place currently operates 0 locations (2025 FDD) (0 franchised, 0 company-owned).
View full growth analysisThe 1-year franchisee turnover rate for Trend Hotels and Suites by My Place is 0.0% (2025 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisTrend Hotels and Suites by My Place does not include an Item 19 financial performance representation in their FDD (2025 FDD). This means the franchisor has chosen not to disclose revenue, profit, or other financial figures in the Franchise Disclosure Document.
View full financials analysisThe initial franchise agreement term for Trend Hotels and Suites by My Place is 10 years (2025 FDD). Franchisees can renew 1 time for 5-year periods. The total potential term is 15 years.
View full contract analysisTrend Hotels and Suites by My Place's post-termination non-compete clause lasts 2 years after termination or expiration (2025 FDD).
View full legal analysisYes, Trend Hotels and Suites by My Place's franchise agreement requires mandatory arbitration for dispute resolution (2025 FDD). The agreement includes a jury trial waiver.
View full legal analysisTrend Hotels and Suites by My Place provides 106 hours of initial training (2025 FDD). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, Trend Hotels and Suites by My Place provides site selection assistance to help franchisees find the right location (2025 FDD). The franchisor also provides technology support and systems.
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