Ramada Worldwide

Ramada Worldwide

Ramada Worldwide
#210

Initial Investment

LOW: $191,998
HIGH: $12,886,405

Change in Units

-0.1% -1 UNITS (1 Year)
+0.8% +7 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1954

Franchising Since

1990 (26 Years)

Corporate Address

22 Sylvan Wy. Parsippany, NJ 07054

CEO

Geoff Ballotti

Parent Company

Wyndham Hotel Group

Ticker Symbol

About Ramada Worldwide

In 1954 a group of investors opened an inn in Flagstaff, Arizona, the first in a series of motor hotels to be opened by the group. Five years later, the chain was named Ramada, meaning “a shaded resting place” in Spanish.

Today Ramada, which has been owned by Cendant Corp. since 1997, operates hotels throughout the United States. The company is comprised of three segments, Ramada Inns, Ramada Limiteds and Ramada Plaza Hotels, serving value-conscious and mid-market travelers.

Financials

Financial Requirements

Initial Investment

$191,998 - $12,886,405

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

4.5%

Ad Royalty Fee

4%

Financing Options

Ramada Worldwide offers in-house financing to cover the following: franchise fee, startup costs

Ramada Worldwide has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Franchise 500® Rank History

Highest Rank: 83

Lowest Rank: 210

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 3-4 days

Training at headquarters: 4 days

Additional Training: Regional workshops, property training

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 15

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 21st, 2016

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