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Ramada
Ramada saw its start in 1954 when a group of investors opened an inn in Flagstaff, Arizona, the first in a series of motor hotels to be opened by the group. Five years later, the chain was named Ramada, meaning 'a shaded resting place' in Spanish. Today Ramada, which has been owned by Cendant Corp. since 1997, operates hotels throughout the United States. The company is comprised of three segments, Ramada Inns, Ramada Limiteds and Ramada Plaza Hotels, serving value-conscious and mid-market travelers.
Facts & figures
The capital required to open a unit is $384,000. $5,200,000 is the minimum that someone opening a location should expect to invest. The most the franchisor could ask you to invest is $11,700,000 if you want to become a franchisee. The franchise fee to open a Ramada unit is $36,000. There is currently a total of 871 units in operation.
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