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Renaissance Hotels & Resorts
Renaissance Hotels is an upscale hospitality chain and franchise operated by Marriott International. With a primary focus on business travelers, Renaissance franchisees aim to provide guests with a memorable, unconventional experience that wouldn't be expected during work-related travel. The brand is one of 30 subsidiaries operated by Marriott, in addition to brands such as Sheraton Hotels and Courtyard.
Facts & figures
The ongoing royalty payments from franchisees paid back to the franchisor is 5%. $70,920,740 is the minimum that someone opening a location should expect to invest. The most you would expect to invest in a Renaissance Hotels & Resorts location is $114,721,230. $100,000 is the franchise fee new franchisees pay the franchisor. There are currently 168 Renaissance Hotels & Resorts units in operation.
