Tryp by Wyndham

Hotels
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$896K - $29.2M
Units as of 2023
53 Decrease 45% over 3 years

Company Overview

About Tryp by Wyndham

Industry Lodging
Related Categories Hotels & Motels
Founded 1975
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 2011 (13 years)
# of employees at HQ 2,500
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Europe (Eastern), Europe (Western), Mexico

# of Units 53 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Tryp 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 Information Circle
$35,000
Initial Investment Information Circle
$895,857 - $29,202,685
Veteran Incentives Information Circle
50% off application/franchise fees; development incentive of up to $4,000/room
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
3%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
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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 Tryp by Wyndham offers in-house financing to cover the following: franchise fee, startup costs, inventory
Third Party Financing Tryp by Wyndham has relationships with third-party sources which offer financing to cover the following: startup costs, 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? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022