
TRYP by Wyndham
Hotels- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$817K - $25.8M
- Units as of 2021
-
86 18.9% 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
Franchising Overview
- Franchising Since
- 2011 (11 years)
- # of employees at HQ
- 9,000
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 86 (as of 2021)
Franchisor Information
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
- $816,695 - $25,812,380
- Veteran Incentives
- 50% off application/franchise fees; development incentive of up to $4,000/room
- Royalty Fee
- 5%
- Ad Royalty Fee
- 4%
- 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
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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
Work with our free FranCoach and get what you need to start a TRYP by Wyndham franchise.
Stock History for TRYP by Wyndham
Ticker Symbol for TRYP by Wyndham: WH
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