
Tryp by Wyndham
Hotels- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$896K - $29.2M
- Units as of 2023
-
53 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 (12 years) |
---|---|
# of employees at HQ | 2,500 |
Where seeking |
This company is offering new franchisees throughout the US. This company is offering new franchisees 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
|
$35,000 |
---|---|
Initial Investment
|
$895,857 - $29,202,685 |
Veteran Incentives
|
50% off application/franchise fees; development incentive of up to $4,000/room |
Royalty Fee
|
5% |
Ad Royalty Fee
|
3% |
Term of Agreement
|
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 | 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?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
No |
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