FRANCHISE RESALES

Buy a My Place Hotels Franchise

My Place Hotels is a rapidly growing extended-stay hotel franchisor founded in 2011 and headquartered in Aberdeen, South Dakota. The brand focuses on providing clean, comfortable, and affordable extended-stay accommodations with modern amenities, targeting both leisure and business travelers. With nearly 70 hotels open across 29 states and over 130 properties in the development pipeline, My Place Hotels has established itself as a reputable midscale extended-stay brand. It offers two hotel brand options and prides itself on a franchise culture that supports owners with proven systems, strong operational support, and a mission-driven approach emphasizing quality and guest satisfaction.

Latest Resales

  • There are currently no My Place Hotels resales available
Register your interest

Why buy a My Place Hotels Franchise?

Investing in My Place Hotels offers entry into a proven, recession-resistant hospitality franchise with strong brand recognition and a growing footprint. The brand’s focus on affordable extended stay, modern hotel prototypes, and robust franchisee support creates a compelling opportunity for investors seeking a scalable business in the expanding hotel industry. Initial investment ranges approximately from $4.25 million to $5.3 million for a 64-unit hotel (excluding land), with franchise fees around $60,000. The brand’s consistent operational performance and development partnerships underscore its growth potential.

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. Franchisee Support

    My Place Hotels equips franchisees with comprehensive training, IT support, marketing assistance, site selection guidance, and ongoing education. The brand emphasizes simplified operations to reduce overhead and improve profitability. Franchisees benefit from a dedicated management team, proprietary technology, and access to a network of professionals focused on their success.

  2. Accolades & Awards

    The brand holds an average 4.5-star rating on TripAdvisor, reflecting strong guest satisfaction. It consistently outperforms midscale competitors with a 106% average STR occupancy index and 108% average STR ADR index, indicating higher occupancy and average daily rates than peers.

  3. Industry / Market

    The extended-stay hotel segment is expanding due to increasing demand from business travelers, relocating families, and long-term guests seeking affordable, home-like accommodations. My Place Hotels’ smaller, efficient hotel prototypes and strong franchise system position it well to capitalize on this growing market.

  4. Ideal Owner

    The ideal franchisee is an entrepreneur interested in hospitality with a focus on operational excellence and guest experience. Prior hotel management experience is beneficial but not mandatory due to extensive training and support. Franchisees should be prepared to manage a midscale extended-stay property and leverage the brand’s systems for growth.

Learn more about
how to own a My Place Hotels franchise resale

Please fill out the form below and a Franchise Flippers expert will be in touch with you shortly.

The Franchise Brand Index

This page is part of Franchise Flippers’ independent franchise Index, designed as an educational resource to help potential buyers explore the franchise resale market and compare brands.

Trademark & Affiliation Disclaimer

This website is an independent, informational resource. All trademarks, logos, and brand names displayed are the property of their respective owners and are used solely for identification and educational purposes. Their use does not imply any affiliation with, endorsement by, or sponsorship from the respective trademark holders.