The franchisee will establish and operate a Residence Inn by Marriott select-service hotel.
Company Background
Residence Inn by Marriott is a select-service hotel that offers all the comforts of home, plus our signature warm and friendly service. Residence Inn is the perfect place for families or business travelers who want to be near shopping, dining and entertainment options without straying too far from home. With so much to explore in your neighborhood, you'll find yourself right at home when you stay with us. We are also proud to offer complimentary high-speed internet access throughout our hotels nationwide. The Residence Inn franchise opportunity has been designed for entrepreneurial individuals interested in acquiring an established brand with significant room for growth potential in their local area. The company will provide support through its comprehensive sales training program which covers everything needed to succeed including
Franchise Opportunity
The franchisee will have to manage the construction of a new hotel and oversee staff training. This is a high-growth segment with limited competition in many markets, and it's expected to grow by more than 7% annually over the next five years. Residence Inn by Marriott offers an exciting opportunity for entrepreneurial individuals who want to build their own business from the ground up, or for seasoned hospitality professionals looking for an investment that can be managed remotely while still providing significant income potential. We believe our system is one of the best opportunities available today in franchising because we offer both real estate ownership as well as management services, which means you don't need prior experience managing hotels! However, if you already have experience operating independent hotels or motels (or are willing to learn), then this may be your ideal franchise opportunity.
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.
Royalties and Marketing Fees
Royalties : 6.0% of revenue
Franchise Types Available
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Type
Investment
Fees
Distribution of Residence Inn by Marriott Franchisees
Residence Inn by Marriott Franchise System Development in 2021
FAQ
How much investment do I need to start my own Residence Inn by Marriott business?
Franchisees typically require at least $15 to $45 investment to get their Residence Inn by Marriott business started
What are the initial franchise fees for Residence Inn by Marriott?
Franchisees typically need to pay at least $156 in fees directly to Residence Inn by Marriott in order to earn the right to launch their business
How much money can I make with a Residence Inn by Marriott franchise? What are
the average revenues for a typical Residence Inn by Marriott business?
We haven’t done the math on how much revenue a typical
Residence Inn by Marriott brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
Residence Inn by Marriott to generate a similar amount
How long do I need to commit to running a Residence Inn by Marriott unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
3 /10
The Franchisor's investment costs ranges from
$15,457,410 to $45,415,710
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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