My Place Hotels franchise: cost, fees and total investment
Short answer: The My Place Hotels franchise fee is $40,000 and the total initial investment ranges from $5,679,950 to $6,953,450, with about $1,200,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the My Place Hotels FDD.
What are the My Place Hotels franchise fees and investment?
The My Place Hotels franchise requires a franchise fee of $40,000 and a total initial investment of $5,679,950 to $6,953,450. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $40,000 |
|---|---|
| Total initial investment (FDD Item 7) | $5,679,950 to $6,953,450 |
| Minimum liquid cash | $1,200,000 |
| US locations | 73 |
| Industry | Hotels & Travel (Hotels & Lodging) |
| Headquarters | Aberdeen, South Dakota |
| Founded | 2011 |
| Franchising since | 2012 |
How does the My Place Hotels investment compare with other hotels & travel franchises?
My Place Hotels's minimum investment of $5,679,950 is at or below the median minimum investment of $7,607,385 across the 195 hotels & travel franchises in the SelectFranchiseList database. 114 of the other 194 brands in this industry start at a higher investment. Its franchise fee starting at $40,000 compares with an industry median of $50,000.
By minimum investment, My Place Hotels belongs with franchises over $500,000.
What should you verify in the My Place Hotels FDD?
Verify six parts of the My Place Hotels Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether My Place Hotels discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to My Place Hotels?
These hotels & travel franchises have the closest minimum investment to My Place Hotels:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| American Idea Hotels | $35,000 | $5,805,250 to $10,012,500 |
| Voco | $75,000 | $5,807,501 to $44,464,452 |
| Cobblestone Inn & Suites | $45,000 | $5,960,874 to $15,496,699 |
| LXR Hotels | $100,000 | $5,364,048 to $845,773,369 |
| Surestay | $25,000 | $5,344,745 to $8,254,345 |
See every brand in hotels & travel franchises.
Frequently asked questions
How much does a My Place Hotels franchise cost?
The total initial investment for a My Place Hotels franchise ranges from $5,679,950 to $6,953,450, including a franchise fee of $40,000, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a My Place Hotels franchise?
My Place Hotels lists a minimum of about $1,200,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many My Place Hotels locations are there?
My Place Hotels reported 73 US locations in the data compiled in October 2026. Item 20 of the FDD shows openings, closures and transfers for the last three years.
How long has My Place Hotels been franchising?
My Place Hotels started offering franchises in 2012 after the company was founded in 2011.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. My Place Hotels and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by My Place Hotels. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.