About My Place Hotels
My Place Hotels is a company based in Aberdeen (United States) founded in 2012 by Ron Rivett.. My Place Hotels has raised $5 million across 1 funding round. My Place Hotels offers products and services including Extended Stay Rooms, Loyalty Program, and Corporate Travel Services. My Place Hotels operates in a competitive market with competitors including Hilton, Hyatt, Radisson Hotels, MGM Resorts International and Wynn Resorts, among others.
- Headquarter Aberdeen, United States
- Founders Ron Rivett
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name My Place Hotels Of America
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Aug 08, 2018
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Investors
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Employee Count
Employee Count
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Products & Services of My Place Hotels
My Place Hotels offers a comprehensive portfolio of products and services, including Extended Stay Rooms, Loyalty Program, and Corporate Travel Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hotel rooms with kitchens and beds for long-term stays.
Program for earning points on hotel bookings and redemptions.
Services for group reservations and special offers.
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General Team
8 people
Sales and Marketing
7 people
Operations Team
4 people
Legal and Compliance
3 people
Leadership Team
3 people
Product Management Team
3 people
Software Development Team
3 people
Finance and Accounting
2 people
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Funding Insights of My Place Hotels
My Place Hotels has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $5.0M
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First Round
First Round
(08 Aug 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series A - My Place Hotels | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by My Place Hotels
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - My Place Hotels
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
My Place Hotels Comparisons
Competitors of My Place Hotels
My Place Hotels operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hilton, Hyatt, Radisson Hotels, MGM Resorts International and Wynn Resorts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Hotels and resorts are operated globally in the hospitality sector.
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Global hotel chain
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| domain | founded_year | HQ Location |
A network of hotels and resorts is operated internationally.
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| domain | founded_year | HQ Location |
Operator of hotels and resorts
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| domain | founded_year | HQ Location |
Developer and operator of high-end hotels and casinos
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| domain | founded_year | HQ Location |
Luxury hotels and resorts are owned and operated internationally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on My Place Hotels
Frequently Asked Questions about My Place Hotels
When was My Place Hotels founded?
My Place Hotels was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is My Place Hotels located?
My Place Hotels is headquartered in Aberdeen, United States.
Who is the current CEO of My Place Hotels?
Ryan Rivett is the current CEO of My Place Hotels.
Is My Place Hotels a funded company?
My Place Hotels is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Aug 08, 2018.
What does My Place Hotels do?
My Place Hotels was founded in 2012 in Aberdeen, United States, within the hospitality sector. Operations involve the development, construction, and management of hotels tailored for extended accommodations. A franchise model is utilized to expand presence nationwide. Amenities provided include free Wi-Fi, self-service laundry, complimentary parking, daily housekeeping, and shared kitchen facilities. Leadership is held by co-founder Ron Rivett and CEO Ryan Rivett.
Who are the top competitors of My Place Hotels?
My Place Hotels's top competitors include Hilton, Radisson Hotels and Hyatt.
What products or services does My Place Hotels offer?
My Place Hotels offers Extended Stay Rooms, Loyalty Program, and Corporate Travel Services.