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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
5% royalty + 2.5% marketing and reservation fund + $1,204/mo technology subscription fee
Franchise Stats
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 to Other Hotels Franchises
Key Insights
- Lower investment than 79% of Hotels franchises
| Franchise | Investment Range | Franchise 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 33 franchises | $8.1M - $18.5M | $46K | 5.2% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 33 Hotels franchises by location count.
SBA Loan History
Historical SBA 7(a) loan data for TREND HOTELS franchisees (2019 - 2023)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a TREND HOTELS franchise?
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.
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.
Interested in TREND HOTELS?
Talk to a franchise advisor to get personalized guidance and learn if TREND HOTELS is the right fit for you.
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