Start a Ramada by Wyndham Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #408 last year

Initial investment: $233K - $20.8M

Units as of 2024: 844 1.3% over 3 years

The Ramada by Wyndham franchise strives to be the ultimate place to book for flexibility! Starting in 1954, Ramada by Wydham began franchising in 1990. It has grown to become one of the largest American multinational hotel chains. Owned by Wyndham Hotels and Resorts, Ramada has more than 800 hotels in over 60 countries worldwide. Ramada by Wyndham strives to provide quality, comfort, and a luxurious hotel stay for travelers all across the world.

Ramada by Wyndam looks for franchisees who have a passion for travel, quality hotel stays, and helping to better the global community. Many times in the past several decades, Ramada by Wyndham has been ranked in Entrepreneur’s Franchise 500. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Why You May Want Start a Ramada by Wyndham Franchise

Becoming a Ramada by Wyndham franchisee means that you will franchise one of the most well-respected midscale hotels in the world. The Ramada by Wyndham franchise aims to provide premium experiences to leisure and business travelers from all over the world. They strive to offer authentic local experiences with a touch of worldly glamour along with a trademark type of elegance.

Globally, Ramada by Wyndam is one of the most recognized hotel brands. It can be considered the preferred choice for world travelers, especially due to its numerous airport locations and high-quality customer service. Combining a strong global footprint with brand awareness and a unique portfolio of properties provides franchisees a solid start to booking guests.

What Might Make a Ramada by Wyndham Franchise a Good Choice?

To be part of the Ramada by Wyndham team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees, including advertising fees and royalty fees.

Opening a Ramada by Wyndham franchise allows you to have a share in the hospitality industry. Ramada by Wyndham is known to have loyal customers and a solid reputation, which may draw in a stable and reliable clientele. The company is also impact-driven, as they strive to touch their guests' lives through high-quality service, good food, and providing relaxing stays.

How to Open a Ramada by Wyndham Franchise

To start a Ramada by Wyndham franchise, you need to submit an inquiry form. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions to the Ramada by Wyndham franchise team. If the brand considers you to be a good fit, you may qualify to open a Ramada by Wyndham franchise. At this point, you can get started with an initial investment.

Expect to undergo training to align yourself and your staff with the Ramada by Wyndham model, brand, and spirit. Ramada by Wyndham wants your franchise to succeed and will work with you to set up your hotel. By the time you open your doors, you may be a confident hotel franchise ready to take on the hospitality world.

Company Overview

About Ramada by Wyndham

Industry	Lodging
Related Categories	Hotels & Motels
Founded	1954
Parent Company	Wyndham Hotels & Resorts
Leadership	Geoff Ballotti, CEO
Corporate Address	22 Sylvan Wy. Parsippany, NJ 07054
Social	Facebook, Twitter, Instagram

Business Overview

Franchising Since	1990 (34 years)
# of employees at HQ	2,217
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	844 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Ramada by Wyndham franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$35,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$233,249 - $20,786,243
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off application/franchise fees; development incentive of up to $4,000/room
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	20 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Ramada by Wyndham offers in-house financing to cover the following: franchise fee, startup costs, inventory
Third Party Financing	Ramada by Wyndham has relationships with third-party sources which offer financing to cover the following: equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	Up to 30 hours
Classroom Training	41-81 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	10-15
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No