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FRANCHISE RESALES

Buy a My Place Hotels Franchise

My Place Hotels is an all-new-construction extended-stay hotel franchise based in Aberdeen, South Dakota. Founded in 2011, the brand offers clean, modern, affordable rooms aimed at both short- and long-term guests, including relocating families, traveling professionals and project-based business travelers who want a home-like stay.

The company is family-led and carries a notable hospitality lineage: late founder Ron Rivett co-founded Super 8 Motels in 1974, and his grandson Ryan Rivett is president and CEO. Franchisees can develop under two branded options, My Place Hotels and Trend Hotels & Suites, an upper-midscale select-service and extended-stay collection used largely for conversions.

The system has grown to more than 80 open hotels across a widening map of states, backed by a substantial development pipeline. The model is built around a smaller, efficient prototype designed to keep construction and operating costs contained, supported by the parent organisation’s revenue management, loyalty and reservations systems.

Latest Resales

  • There are currently no My Place Hotels resales available
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Why buy a My Place Hotels Franchise?

To buy a My Place Hotels franchise is to enter the extended-stay segment, one of the more resilient corners of US lodging, with a brand whose reported metrics index above its midscale peers on both occupancy and average daily rate.

Owners plug into systems the parent organisation has refined over a 50-year hospitality history, including the My RevEdge revenue-management platform, the Stay Rewarded loyalty programme, a national sales team and established vendor relationships that support purchasing and operations. The efficient single-prototype design is intended to keep build and running costs contained relative to full-service hotels, and the smaller footprint suits owners who want a focused, systems-driven operation rather than a sprawling resort.

My Place Hotels Franchise Costs & Information

  • Minimum Qualifications

    • Initial Franchise Fee

      $30,000

    • Initial Investment

      $3,211,836 - $5,709,950

  • Royalty

    • Royalty Fee

      4%

  • Training & Support

    • Comprehensive initial training + ongoing training

    • Marketing support

    • Operations support

My Place Hotels – Additional  Information

  1. Training & Support

    Franchisees are backed by My Place's management team through initial and ongoing education, anchored by a biannual franchise convention. Daily operations draw on the My RevEdge revenue-management platform, a property management system, channel coordination, website and marketing support, a national sales team, quality assurance, established vendor relationships and the Stay Rewarded loyalty programme, with a dedicated IT department. Buyers of an existing My Place hotel should confirm what transfer training and system access, including My RevEdge and the property management system, carry over to incoming ownership.

  2. Ideal Owner

    My Place suits operationally minded owners focused on hospitality fundamentals: occupancy, guest experience and consistent service standards. Prior hotel experience is helpful but not required, given the brand's training and systems. The model rewards owners comfortable overseeing a property management team, watching revenue and ADR through the brand's tools, and maintaining quality across a 24/7 operation. Many owners are real-estate-minded investors or multi-unit developers who treat the hotel as a managed asset rather than a daily hands-on job, though strong local management remains essential.

  3. Recognition & Awards

    My Place Hotels carries a 4.5 average TripAdvisor guest rating and reports performance that indexes above midscale peers, roughly 111% on STR occupancy index and 101% on STR ADR index to midscale. Its credibility rests partly on hospitality heritage: founder Ron Rivett co-founded Super 8 Motels, and the brand has expanded through repeated multi-property development agreements. For resale buyers, brand-level recognition should be weighed alongside the specific hotel's local reputation, online guest reviews and review volume, which directly influence bookings and rate.

  4. Industry / Market

    Extended-stay is among the most resilient segments of the US lodging market, typically posting higher occupancy and lower operating costs than traditional hotels. Demand comes from relocating professionals, traveling and project-based workers, insurance and displacement stays, and guests seeking apartment-style accommodation for longer trips. The segment held up better than full-service hotels through recent downturns, and new-build supply has expanded as developers chase its efficient cost structure. For resale buyers, local demand drivers such as nearby employers and construction activity largely determine a property's performance.

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