MyPlace Hotels Hits 125 Properties: How They Keep Growing in Extended Stay

Glenn: [00:00:00] Hey, my fellow hospitality. Glenn here. I got Eric Myers,VP of FRanchise Development with  MyPlace Hotels. I want to thank you all so much for tuning in today. We’re here at the Hunter and Hunter conference. They changed the name and I’m still not used to it. Have you gotten into the flow of saying Hunter conference as opposed to Hunter Hotel Investment Conference?

Eric: [00:00:18] Yeah, I think I adjusted to that. I definitely adjusted to the new venue.

Glenn: [00:00:21] Yeah, for sure. And thanks for tuning in again because these are the hard hitting questions you’re going to get anytime you tune into No Vacancy over here. But seriously, it’s been so much fun watching you guys grow. You’re ahead of the curve with an extended stay product. Before our extended stay was a household word, and you’ve been going to places where some of the bigger brands just wouldn’t even consider and finding a lot of success. Where are you at right now and how is that strategy continuing to play out for you?

Eric: [00:00:50] The strategy worked great. You know, for us to be established five, ten years ago, you know, now everybody’s trying to get in that space. It’s more challenging, of course. So we’re happy that we were able to establish and get a good jumpstart on it. We’re at 125 franchises now, so wow. We’ve opened several properties here recently in Arizona, California. We’re getting into Florida now. So our growth has been strategic, but but also exciting to see it still.

Glenn: [00:01:18] Sure. As I remember the first time I saw you folks was at a conference. It must have been 8 or 9 years ago or something like that. I’m like, what’s this? My place? Thing over there. And now you’ve become like an industry household name, which is which is so cool. I’m looking forward to seeing you guys at your conference this fall in September down in Miami Beach area. Right? That’s going to be pretty cool.

Eric: [00:01:38] You know, we do it about every 18 months. And it’s great to bring in all the owners and the management companies and we bring the GM’s just a great opportunity to collaborate and exchange stories and we have educational sessions for the GM. So that part’s awesome. Yeah, it’s September 22nd in Miami at the J.W. so we we do a pretty good job of putting on an entertaining conference. You’ve been to several.

Glenn: [00:02:06] Yeah, sure. And I’ll be at this one. I’m looking forward to being up on stage with a great group of people at that event. And yeah, we don’t have much to talk about today because a lot of the big reveals will probably come in September, but I did want to just take a good check in with you. How are you feeling over here at this particular event?

Eric: [00:02:22] You know, I think, I think there’s some, some optimism you know, it’s been been a little bit of a challenge the last 18 months probably, but I think everybody’s excited to, to just move forward and put the past behind us. We got a lot of projects coming up here. So we’re excited to continue through 2026.

Glenn: [00:02:41] All right. Awesome. Let’s rock it out. Hey, that’s Eric. I’m Glenn. Thank you so much for watching. See you later.