General

Industry

Travel and Hospitality

Category

Lodging

SBA Identifier

S5107

Year of Founding

1997

Fees

Marketing Fee

1.5%

Royalty Fee

5%

Franchise Fee

$120,000-$120,000

Investment Range

$82.82M-$134.46M

Location units

Total U.S. Locations

83

U.S. Franchised Units

58

U.S. Corporate Units

25

Headquarters (City)

Bethesda

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1997

Issuance of FDD Data

03/31/2022

What to know about Renaissance Hotels franchise?

The franchisee will establish and operate a full-service hotel under the name “Renaissance Hotel,” “Renaissance Resort,” or “Renaissance Hotel & Conference Center.”

Renaissance Hotels is based in Bethesda, MD. Scroll down to learn more!

How much does a Renaissance Hotels franchise cost?

Are you wondering how much is a Renaissance Hotels franchise? Before starting a Renaissance Hotels franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Renaissance Hotels franchise is $82,822,140 and can go all the way up to $134,461,740. Keep in mind, you should also allocate additional funds to live off of while the Renaissance Hotels business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Renaissance Hotels franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Renaissance Hotels business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Renaissance Hotels franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare Renaissance Hotels. Hotels to the Lodging, Outdoor Travel and Hospitality industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2018 57 3 0 60
2019 58 1 3 55
2020 55 7 2 60
2021 60 1 3 58

Additional Details

How much does a Renaissance Hotels franchise owner make?

Renaissance Hotels franchise earnings and revenue can vary significantly from one franchisee to another.
The Renaissance Hotels franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Renaissance Hotels discloses financials at the unit level. In other words, they show how much Renaissance Hotels franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Renaissance Hotels franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Renaissance Hotels. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Renaissance Hotels owners were making.

Visit the Renaissance Hotels metrics tab to explore the financials for this business.

What is the Renaissance Hotels franchise fee?

Owning a Renaissance Hotels franchise requires 5% royalty fee and 1.5% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Renaissance Hotels Franchise Disclosure Document

Keep in mind, there is also an initial Renaissance Hotels franchise fee of $120,000 that is included in the initial investment amount of $82,822,140 to $134,461,740. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Renaissance Hotels franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Renaissance Hotels franchise fee of $120,000.

Visit the Renaissance Hotels metrics tab to explore the financials for this business, royalty and marketing fees compare to other Travel and Hospitality franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Renaissance Hotels founded?

Renaissance Hotels started offering franchises in 1997. Renaissance Hotels was founded 25 years ago in 1997.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Renaissance Hotels locations are in the U.S.?

As of 2022, there were 58 locations across the U.S. There are also corporate locations. Most Travel and Hospitality franchises like Renaissance Hotels have more franchised locations than corporate locations.

How many Renaissance Hotels franchises opened over the past few years?

Over the prior 3 years we have data for, Renaissance Hotels has opened 9 outlets throughout the U.S. Visit the Renaissance Hotels metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

How many Renaissance Hotels franchises closed over the past few years?

Over the prior 3 years we have data for, Renaissance Hotels has closed 8 outlets throughout the U.S

Visit the Renaissance Hotels metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

Is Renaissance Hotels growing? Are they opening more locations than they are closing?

The net unit growth rate for Renaissance Hotels over the past 3 years is 0%. Over the last year we have data for, Renaissance Hotels had a net unit growth rate of -3%.

Without a comparison, this number doesn’t mean much. Compare how the Renaissance Hotels growth rate compares to 2,000+ other franchises and Industry franchises like Renaissance Hotels. More info in the Renaissance Hotels metrics tab.

Is Renaissance Hotels franchise eligible for an SBA Loan?

Renaissance Hotels is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Renaissance Hotels franchise was assigned the SBA Franchise ID of S5107 on 04/09/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Renaissance Hotels that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Renaissance Hotels a franchise in the United States?

According to the SBA, Renaissance Hotels meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Renaissance Hotels provides you with an FDD if you are in discussion to buy a Renaissance Hotels.

What is the Renaissance Hotels Franchise for Sale Rate?

The Renaissance Hotels systemwide health and franchisee satisfaction can be measured by the Renaissance Hotelsfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Renaissance Hotels franchise for sale rate over the past 3 years is 10%. Over the last year we have data for, Renaissance Hotels had a franchise for sale rate of 2%.

Without a comparison, this number doesn’t mean much. Compare how the Renaissance Hotels franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Renaissance Hotels. More info in the Renaissance Hotels metrics tab.

What is the Renaissance Hotels Franchise Failure Rate?

Renaissance Hotels franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Renaissance Hotels failure rate over the past 3 years is 14%. Over the last year we have data for, Renaissance Hotels had a franchise failure rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the Renaissance Hotels franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Renaissance Hotels. More info in the Renaissance Hotels metrics tab.

How can I find out more details on Renaissance Hotels franchise?

Visit the Renaissance Hotels metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Renaissance Hotels

$108,641,940

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Renaissance Hotels

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Renaissance Hotels

$120,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Travel and Hospitality

Category

Lodging

SBA Identifier

S5107

Year of Founding

1997

Fees

Marketing Fee

1.5%

Royalty Fee

5%

Franchise Fee

$120,000-$120,000

Investment Range

$82.82M-$134.46M

Location units

Total U.S. Locations

83

U.S. Franchised Units

58

U.S. Corporate Units

25

Headquarters (City)

Bethesda

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

1997

Issuance of FDD Data

03/31/2022

Detailed Franchise metrics for Renaissance Hotels

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Renaissance Hotels below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Renaissance Hotels

9%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Renaissance Hotels

5%

10%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Renaissance Hotels

2%

14%

Industry median

All franchises median

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Business details

Company Name

https://www.marriott.com/default.mi

Business email

**********@******.com

Mailing address

7750 Wisconsin Avenue

State headquarters

Maryland

Owner Name

Renaissance Hotels

Phone

+1 (000) 0********00

City

Bethesda

Zip code

20814
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