Can you get an SBA loan for a TREND HOTELS franchise?

Yes, SBA loans are available for TREND HOTELS franchises. Historical data shows 7 SBA 7(a) loans have been approved for TREND HOTELS franchisees, with an average loan amount of $3,867,543. The historical default rate is 0.0%.

Is TREND HOTELS a good franchise to buy?

TREND HOTELS shows several positive indicators: low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

TREND HOTELS

Trend Hotels and Suites by My Place is a franchise for converting existing hotel properties into upper-midscale to upscale hotels providing high-quality transient lodging services to the public. The business model involves adhering to MPHOA's system standards for operations, marketing rooms to transient, negotiated, and government customers amid seasonal demand fluctuations in the competitive lodging market. The target market includes the traveling public and those needing extended stay accommodations, competing with various hotels and motels.

$273K–$2947K

Investment

Since 2020

Franchising

Hospitality & LodgingAberdeen, SDmyplacehotels.comDisclaimer

Franchise Costs

Franchise Fee

$45,000

Item 5 of FDD

Initial Investment Range

$272,500 – $2,947,000

Low: $272,500High: $2,947,000

Item 7 of FDD

Royalty Rate

5.00%

of gross sales

Brand Fund

2.50%

Item 6 of FDD

Fixed Monthly Fees

$1,204 – $1,204

Item 6 of FDD

5% royalty + 2.5% marketing and reservation fund + $1,204/mo technology subscription fee

Financial Performance

Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How TREND HOTELS Compares

Key Insights

Lower investment than 76% of Hotels franchises

Franchise	Investment	Fee	Royalty	Locations
TREND HOTELS Current	$273K – $2.9M	$45K	5.0%	0
QUALITY INN	$317K – $2.0M	$45K	5.3%	1,621
SUPER 8	$4.7M – $6.9M	$25K	5.5%	1,375
DAYS INN, DAYS HOTEL AND DAYS INN & SUITES	$7.6M – $9.4M	$35K	5.5%	1,235
LA QUINTA INN & SUITES	$12.8M – $17.2M	$55K	5.5%	884
RED ROOF PLUS AND SUITES	$7.3M – $8.9M	$27K	5.0%	584
Hotels Average 34 franchises	$7.8M – $18.0M	$46K	5.2%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 34 Hotels franchises by location count.

SBA Loan History

Historical SBA 7(a) loan data for TREND HOTELS franchisees (2019 – 2023)

Total Loans

Average Loan

$3,867,543

Total Volume

$27.1M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

4 franchisee contacts on file from official FDD filings.

Name	Address	Phone	Email	SBA Loan
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active

4 Contacts Available

Unlock all TREND HOTELS franchisee contacts with verified contact information

Due Diligence

Litigation (Item 3)

Franchisee Cases0

No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

Frequently Asked Questions

The total initial investment to open a TREND HOTELS franchise ranges from $272,500 to $2,947,000. This includes a franchise fee of $45,000. Ongoing royalty fees are 5.0% of gross sales.