Renaissance Hotels

Last updated

Renaissance Hotels
Company typeDivision (formerly listed)
IndustryHospitality
Founded1981 [1]
FounderMarion W. Isbell
Headquarters,
Number of locations
176 (June 30, 2020) [2]
Area served
Worldwide
Parent Marriott International
Website renaissance-hotels.marriott.com
A Renaissance Hotel next to Hartsfield-Jackson Atlanta International Airport in Atlanta A Renaissance Hotel next to Hartsfield-Jackson airport in Atlanta, Georgia.jpg
A Renaissance Hotel next to Hartsfield-Jackson Atlanta International Airport in Atlanta

Renaissance Hotels was founded as Ramada Renaissance in 1981, as an upscale brand of Ramada Inns. Hong Kong-based New World Development (NWD) acquired Ramada in 1989 and re-launched Renaissance Hotels as a separate brand. The brand was acquired by Marriott International in 1997. As of January 31, 2023, it has over 170 hotels worldwide. [2]

Contents

History

The first Ramada Renaissance Hotel, now a Radisson, opened in 1981 in Aurora, Colorado Radisson Hotel Denver - Aurora 2020-05-14.jpg
The first Ramada Renaissance Hotel, now a Radisson, opened in 1981 in Aurora, Colorado
An upscale hotel room in the Renaissance Hotels chain in Downtown Columbus, Ohio Hotel-room-renaissance-columbus-ohio.jpg
An upscale hotel room in the Renaissance Hotels chain in Downtown Columbus, Ohio
The original Renaissance logo Renaissance Hotels Logo.svg
The original Renaissance logo

Renaissance Hotels was founded in 1981 as Ramada Renaissance, an upscale division of Ramada Inns. [1] The first property was located in Aurora, Colorado, outside Denver. Ramada's hotels and restaurants were sold to Hong Kong-based New World Development Ltd. in 1989 for $540 million. New World divided the Renaissance Hotels brand into a separate chain and developed Renaissance & Ramada as independent hotel brands. (the U.S. rights to the Ramada name were sold to Prime Hospitality), and the former Ramada Corp. was renamed Aztar Corp.

In 1993, New World Development acquired the Stouffer Hotels (40 Hotels) chain from Nestle for an estimated $1.5 Billion, [3] New World Development licensed the Stouffer Hotels brand for 3 years and 28 U.S. Stouffer properties were reflagged as Stouffer Renaissance during a transitional period lasting until 1996. [4] The Stouffer Presidente hotels in Mexico became Inter-Continental hotels. [5]

On September 27, 1995, New World Development (NWD), took their management and franchising company public (listing on the New York Stock Exchange) and created a new company called Renaissance Hotel Group N.V.. [6] which operated the New World, Renaissance & Ramada International hotel brands. New World Development retained ownership of many of the individual hotel structures through CTF Holdings, a private company owned by the Cheng family, the owner of NWD group. [7]

On February 18, 1997 Marriott International bought the Renaissance Hotel Group N.V. for US$1 billion from NWD. The deal dramatically expanded Marriott's presence in fast-growing Asian markets. [8] The Marriott announcement came only a few weeks after Renaissance Hotel Group N.V., tentatively agreed to be sold to rapidly expanding Doubletree Corp. However, Marriott surpassed Doubletree's $890-million offer. [9] The Marriott acquisition did not include the Stouffer Hotels brand. The Ramada International brand was included in the acquisition. [10]

Renaissance Hotel Group N.V. operated and franchised 150 hotels with 35 based in the United States. Marriott had 1,035 Hotels based in the U.S. and 75 additional hotels operating outside of the U.S. The acquisition of the Renaissance and Ramada portfolio by Marriott expanded its footprint globally. [11] In September 2004, Marriott sold the Ramada International brand to Cendant Corp., today known as Wyndham.

Accommodations

Historical

USNon-USTotal
2006 [12] Properties135
Rooms48,051
2007 [13] Properties7070140
Rooms25,94222,81748,759
2008 [14] Properties7465139
Rooms27,42521,61549,040
2009 [15] Properties7764141
Rooms28,56921,66450,233
2010 [16] Properties7668144
Rooms27,93922,72050,659
2011 [17] Properties7874152
Rooms28,88023,73752,617
2012 [18] Properties7776153
Rooms28,24824,69252,940
2013 [19] Properties7477151
Rooms26,84024,71151,551
2014 [20] Properties7681157
Rooms27,23925,36852,607

From 2015

North
America
EuropeMiddle E.
& Africa
Asia &
Pacific
Caribbean
Latin Am.
Total
2015 [21] Properties82363318160
Rooms27,3598,63292112,1162,56551,593
2016 [22] Properties84364318163
Rooms28,0388,5481,07611,8992,56552,126
2017 [23] Properties86365338168
Rooms28,5108,5631,38812,2712,56553,297
2018 [24] Properties88364398175
Rooms29,1048,5641,23313,6332,56555,099
2019 [25] Properties86344429175
Rooms28,5978,0491,03514,5352,74554,961
2020 [26] Properties87334439176
Rooms28,8807,8461,03514,9722,74555,478
2021 [27] Properties85315439173
Rooms28,0917,2621,29314,7332,74554,124
2022 [28] Properties89275449174
Rooms28,9986,3071,47614,7912,74554,317

Properties and locations

Renaissance Hotel in Nashville, Tennessee Renaissance Hotel, Nashville.jpg
Renaissance Hotel in Nashville, Tennessee

The Ramada Renaissance brand began with large hotels in major urban centers. [29] However, as Marriott has decided to expand their "lifestyle" collection, including the Renaissance brand, the hotels can be found in 176 locations globally. [2] [30]

Notable properties

See also

Related Research Articles

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