Aberdeen, SD (November 22, 2022) – My Place Hotels of America and Wichita, KS-based hospitality firm, TGC Group, announced the execution and immediate implementation of a multiple-development agreement that will expand TGC’s diverse portfolio of hospitality assets from a single My Place Hotel to 10 My Place locations by 2027.
TGC Group is a full-service Development, Investment, Construction, and Hospitality Management company focused on the acquisition, syndication, and development of restaurant, hospitality, commercial and multi-family properties throughout the country. TGC doesn’t just develop “projects,” it primarily develops confidence and relationships with its lenders, investment partners, franchise partners, and vendors.
“At TGC Group we have experienced a tremendous pattern of growth in the extended stay segment and as we continue to grow, we are excited to enter into a strategic partnership agreement with My Place Hotels,” said Nick Esterline, President, and Founder of TGC Group. “Ryan and his team exemplify everything that we believe is true in regards to corporate culture and offering the best experience to our guests across the country.”
“As a franchise organization, My Place is all about creating balanced value and fostering relationships. Nick and the team at TGC Group are strong performers in all things hospitality, their organization is vertically integrated, and their focus is on people. So it was very easy to identify the great fit between TGC and My Place,” said Ryan Rivett, President, and CEO of My Place Hotels of America.
TGC’s broad-based market intelligence and a strong focus on current market dynamics guided the focus of this initial development deal towards the Southeastern region of the US. Wasting no time, the firm has five locations under active development, with two scheduled to begin construction in the first quarter of 2023.
“Our history has always been in the extended stay segment, and the unique offering of a smaller, more efficient hotel, combined with a really strong franchise system in place has created the perfect opportunity to hit the ground running on the development of these My Place Hotel properties,” said Esterline.
ABOUT MY PLACE HOTELS
My Place Hotels of America, LLC (“My Place Hotels”) is a hotel franchisor focusing on franchising clean and comfortable hotels with modern rooms, amenities, and excellent customer service, all at an affordable price. The company is based in Aberdeen, SD, and offers two hotel brand options to potential and current franchisees. There are nearly 70 My Place Hotels open across 29 states with over 120 hotels in the pipeline. For more information on franchising with My Place or to book your next stay, please visit www.myplacehotels.com/franchising or contact Terry Kline at (605) 725-5685.
Follow My Place Hotels on Twitter: @MyPlaceHQ