My Place Hotels
- Ownership Requirement
- Full-time
- Business Type
- Franchise
Extended Stay, Extra Savings
Own a My Place Hotels franchise delivering affordable long-term stays with in-room kitchens and a loyalty program guests love.
Brand overview
My Place Hotels is an extended stay hotel franchise built for travelers seeking longer-term accommodations with extra savings. Every room features a full in-room kitchen, giving guests the comfort and convenience of home at a low rate. The brand's mascot, Pineapple Pete, serves as its cheerful ambassador of hospitality, drawing on the centuries-old tradition of the pineapple as the universal symbol of warmth, welcome, and gracious hosting. Guests can join the Stay Rewarded loyalty program to unlock exclusive Member Rates, earn points on qualifying stays, and enjoy perks like early check-in, late check-out, and redeemable eGift cards. With 73 open units and steady year-over-year growth, My Place Hotels continues to expand its footprint while staying true to its mission of simple, comfortable, value-driven extended stay lodging.
Availability
We are currently accepting inquiries in these states:
Gallery
Why choose My Place Hotels
My Place Hotels stands apart in the extended stay segment by combining low-rate accommodations with features guests truly value. In-room kitchens reduce the need for dining out, making each stay more affordable and practical for longer-term travelers. The Stay Rewarded loyalty program drives repeat bookings by rewarding members with points, exclusive rates, and flexible perks. Pineapple Pete embodies the brand's friendly, welcoming culture, creating a memorable identity that resonates with guests and franchisees alike. Real estate-based ownership gives you a tangible asset, while a phased royalty structure eases new hotels into full operation. With a proven model and consistent unit growth from 61 locations in 2020 to 73 in 2024, My Place Hotels offers a scalable opportunity in a resilient segment of hospitality.
Investment Requirements
Total investment
$272,500–$2,947,000
Cash Required
$890,000
Franchise fee
$45,000
Royalty fee
0% of your Gross Room Revenue for 30 calendar days after your hotel begins operating, 2.5% of your Gross Room Revenue beginning on day 31 of operation until day 90, 4% of your Gross Room Revenue beginning on day 91 of operation until day 180, and 5% of your Gross Room Revenue thereafter for the remaining term of your franchise agreement.
Ad fund %
2.5%
Total units
73
Financing available
No financing offered
Real estate required
Yes
Growth Trends
If you are ready to explore owning a My Place Hotels franchise, reach out to our development team to request full details and start the conversation about bringing extended stay value to your market.