Aiming to provide “Everything you need, nothing you don’t,” My Place economy extended-stay hotels are built to accommodate transient business and leisure travelers. Developed by a team with nearly 40 years of experience in the lodging industry, including one of the founders of Super 8, the first My Place hotel opened in Dickinson, N.D., in 2012. Earlier this year, My Place announced that Ryan Rivett had been promoted to president and CEO of My Place hotels. Rivett has an ambitious growth plan in place, and is looking to grow My Place’s portfolio to 1,000 properties by 2024.
AT A GLANCE:
» Ownership split (U.S. properties) | 32, all franchised
» Rewards program | My Place VIP Club
» Length of contract | 20 years
» Contact | Terry L. Kline, email@example.com, 605-229-8684
|Brand Name||What It's About||Chain Scale||Competitive Set||Franchise Fees||U.S. Properties/States||U.S.
|My Place Hotels of America Since 2013||All new construction with efficient prototypical design and operating platform||Upper-economy to midscale||Midscale and upper-economy extended-stay brands||Initial: $30,000|
Royalty: 4% GRR
Marketing: 2.25% GRR