Successful franchises can be found
in all places, sizes, ages, and markets.
From its headquarters in Aberdeen,
South Dakota, My Place Hotels of
America has built a system with 31
open locations within a few years.
Ryan Rivett, president and COO,
says the concept’s appeal is based
on its fresh approach to a neglected
niche between economy and mid-level hotels.
“In a marketplace mostly over-supplied
with aging economy hotels and
rebranded midscale properties, as well
as oversaturated with upper midscale
and upscale properties, My Place is
the all-new construction niche concept
that is refreshing to franchisees and
investors alike,” Rivett says.
My Place has hotels either operating
or under construction in 19 states from
Georgia to Washington and Texas to
Alaska. By the end of 2017, Rivett says,
the chain will have 50 properties open or
under construction. Much of the growth
is occurring in the 50 largest markets,
Rivett says. “That said, we have a
number of developers working in smaller
markets from coast to coast,” he adds.
HomeVestors of America has
approximately 800 locations in 44 states
and 144 cities and should reach 900
locations within the next year, says
David Hicks, co-president of the Dallas-
based real estate investment franchise.
Investor interest in real estate is
supporting their rapid growth as would-
be property tycoons look for leads on
investment properties, Hicks says. “Our
trademark—We Buy Ugly houses—
generates leads they can’t otherwise
get. That’s probably the biggest reason
people are attracted to us,” he says.
Having strong franchises in most major
metropolitan areas, HomeVestors
anticipates expanding in the remaining
big markets while flling in middle-market
cities. Target markets include Midwestern
states, the Northwest, and in the
Northeast, New York and New Jersey.
Hotel and Real Estate Investment
Franchises Anticipate Rapid Growth
