Question 1

Does Trend Hotels and Suites by My Place franchise offer exclusive territory?

Accepted Answer

Trend Hotels and Suites by My Place offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the Trend Hotels and Suites by My Place franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Trend Hotels and Suites by My Place is 10 years. Franchisees may renew up to 1 time for 5-year periods. The total potential term is 15 years.

Question 3

What is the non-compete clause for Trend Hotels and Suites by My Place franchise?

Accepted Answer

The Trend Hotels and Suites by My Place franchise non-compete clause extends for 2 years after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Trend Hotels and Suites by My Place franchise?

Accepted Answer

Yes, Trend Hotels and Suites by My Place allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $22,500 applies.