1/10

Franchimp Summary Rating

1 /10
Higher than 97% of peers

Franchise Summary

Description
The franchisee will establish and operate a full-service hotel under the name "Renaissance Hotel," Renaissance Resort," or "Renaissance Hotel & Conference Center. "
Company Background
Renaissance Hotels is a franchisor of full-service hotels. Since its founding in 1972, there have been over 270 properties opened around the world with more than 55 new openings planned for the next few years. The Renaissance Hotel & Conference Center has been established to provide corporate and leisure travelers with an experience that is focused on both work and play. We are a hotel company committed to delivering a unique guest experience through innovative design, personalized service, and an uncompromising commitment to quality that includes cleanliness, comfort, safety, luxury and value.
Franchise Opportunity
A hotel manager is responsible for overseeing the daily operations of a hotel. This includes managing staff, ensuring that guests are satisfied with their stay and following all local health and safety regulations. Hotel managers can be held legally liable if they fail to ensure that their establishment meets fire codes or other regulatory requirements. Because of this, some hotels may choose not to hire inexperienced candidates because they don't want to deal with potential legal repercussions. Renaissance Hotels offers an alternative option called the Renaissance ClubSport program which trains aspiring hotel professionals in a hands-on environment before placing them at one of our properties as a trainee management position where they have access to mentorship from experienced team members while gaining valuable experience in real-world situations. With over 100 years of combined industry experience on our senior leadership team, we know what it takes to build successful teams and create exceptional guest experiences! We provide you with the training needed so you can thrive in your career path
Corporate Structure
Marriott International, Inc. incorporated under the laws of the State of Delaware in 1997. Their principal business address is 10400 Fernwood Road, Bethesda, Maryland 20817.

Franchise Types Available

# Type Investment Fees

Distribution of Renaissance Hotels Franchisees

Renaissance Hotels Franchise System Development in 2017

FAQ

How much investment do I need to start my own Renaissance Hotels business?
Franchisees typically require at least $98 to $160 investment to get their Renaissance Hotels business started
What are the initial franchise fees for Renaissance Hotels?
Franchisees typically need to pay at least $418 in fees directly to Renaissance Hotels in order to earn the right to launch their business
How much money can I make with a Renaissance Hotels franchise? What are the average revenues for a typical Renaissance Hotels business?
We haven’t done the math on how much revenue a typical Renaissance Hotels brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Renaissance Hotels to generate a similar amount
How long do I need to commit to running a Renaissance Hotels unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

1 /10
The Franchisor's investment costs ranges from $98,598,840 to $160,470,240 which is Much Higher than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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