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Renaissance Hotels

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Renaissance Hotels
Company typeDivision (formerly listed)
IndustryHospitality
Founded1981[1]
FounderMarion W. Isbell
Headquarters
Bethesda, Maryland
,
United States
Number of locations
176 (June 30, 2020)[2]
Area served
Worldwide
ParentMarriott International
Websiterenaissance-hotels.marriott.com
A Renaissance Hotel next to Hartsfield-Jackson Atlanta International Airport

Renaissance Hotels became part of the Marriott International portfolio of hotel brands in 1997. Marriott acquired the large group of hotels from Hong Kong-based New World Development (NWD), which had launched Renaissance Hotels twelve years earlier in 1989 by separating it from its original branding, known globally as Ramada Renaissance, which had been launched in 1981 as an upscale brand of Ramada Inns. As of January 31, 2023, the brand has welcoming guests for forty-two years, Renaissance Hotels it has over 170 hotels worldwide.[2]

History

The first Ramada Renaissance Hotel, opened in 1981 in Aurora, Colorado (today a Radisson)
An upscale hotel room in the Renaissance Hotels chain in Downtown Columbus, Ohio
File:Renaissance Hotels Logo.svg
Older 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 Inc Hotels & 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] As New World Development strategically planned to rebrand the existing Stouffer Hotels properties to Renaissance. They secured the rights to maximize the Stouffer Hotels successful name for 3 years. In 1995, Stouffer Hotels senior executive, Thomas G. Stauffer was named president of the Americas division of Renaissance Hotels International. All 28 U.S. Stouffer properties were temporarily reflagged as Stouffer Renaissance during the transitional period until 1996,[4] (excluding Stouffer Presidente properties in Mexico with became Intercontinental hotels).[5] Stouffer co-branding was retired by 1996 and remaining operational properties became part of the 1981 founded Renaissance Hotels. Primordial acquired the rights to relaunch Stouffer Hotels in 2013.[6]

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..[7] which operated the brands New World, Renaissance & Ramada International Hotels. 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.[8]

On February 18, 1997 Marriott International bought Renaissance Hotel Group N.V. for US$1 billion from NWD. The deal dramatically expand Marriott's presence in fast-growing Asian markets.[9] The Marriott announcement comes only a few weeks after Renaissance Hotel Group N.V., had tentatively agreed to be sold to rapidly expanding Doubletree Corp. However, Marriott topped Doubletree's $890-million offer.[10] The Marriott acquisition did not include the Stouffer Hotels brand. The Ramada International brand was included in the acquisition.[11] Renaissance Hotel Group N.V. operated & franchised 150 hotels with 35 based in USA. Marriott had 1,035 Hotels based in the US with 75 hotels operating outside of USA. The acquisition of the Renaissance & Ramada portfolio was important to Marriott expanding its footprint globally.[12] In September 2004, Marriott sold the Ramada International brand to Cendant Corp. (today known as Wyndham).

Accommodations

Historical

US Non-US Total
2006[13] Properties 135
Rooms 48,051
2007[14] Properties 70 70 140
Rooms 25,942 22,817 48,759
2008[15] Properties 74 65 139
Rooms 27,425 21,615 49,040
2009[16] Properties 77 64 141
Rooms 28,569 21,664 50,233
2010[17] Properties 76 68 144
Rooms 27,939 22,720 50,659
2011[18] Properties 78 74 152
Rooms 28,880 23,737 52,617
2012[19] Properties 77 76 153
Rooms 28,248 24,692 52,940
2013[20] Properties 74 77 151
Rooms 26,840 24,711 51,551
2014[21] Properties 76 81 157
Rooms 27,239 25,368 52,607

From 2015

North
America		  Europe  Middle E.
& Africa		 Asia &
Pacific		 Caribbean
Latin Am.		 Total
2015[22] Properties 82 36 3 31 8 160
Rooms 27,359 8,632 921 12,116 2,565 51,593
2016[23] Properties 84 36 4 31 8 163
Rooms 28,038 8,548 1,076 11,899 2,565 52,126
2017[24] Properties 86 36 5 33 8 168
Rooms 28,510 8,563 1,388 12,271 2,565 53,297
2018[25] Properties 88 36 4 39 8 175
Rooms 29,104 8,564 1,233 13,633 2,565 55,099
2019[26] Properties 86 34 4 42 9 175
Rooms 28,597 8,049 1,035 14,535 2,745 54,961
2020[27] Properties 87 33 4 43 9 176
Rooms 28,880 7,846 1,035 14,972 2,745 55,478
2021[28] Properties 85 31 5 43 9 173
Rooms 28,091 7,262 1,293 14,733 2,745 54,124
2022[29] Properties 89 27 5 44 9 174
Rooms 28,998 6,307 1,476 14,791 2,745 54,317

Properties and locations

Renaissance Hotel, Nashville

The Ramada Renaissance brand began with large hotels in major urban centers.[30] However, as Marriott has decided to expand their "lifestyle" collection, including the Renaissance brand, the hotels can be found in 176 locations globally.[2][31]

See also

References

  1. ^ a b Grimes, Paul (October 18, 1981). "PRACTICAL TRAVELER; ROOMS AT THE TOP". The New York Times. Retrieved April 8, 2018.
  2. ^ a b c "Renaissance Hotels". Marriott Hotels Development. Retrieved August 19, 2020.
  3. ^ McDowell, Edwin (April 1, 1993). "Nestle to Sell Its Stouffer Hotel Unit". The New York Times. Retrieved January 27, 2019.
  4. ^ "RENAISSANCE CLEVELAND HOTEL". Encyclopedia of Cleveland History | Case Western Reserve University. February 10, 2020. Retrieved June 7, 2023.
  5. ^ Butler, Edgar W. (October 8, 2018). Mexico And Mexico City In The World Economy. Routledge. ISBN 978-0-429-97859-3.
  6. ^ "Ramada & Renaissance Hotels - Story". www.linkedin.com. Retrieved June 7, 2023.
  7. ^ "Management discussion and analysis of the group performance". 1995 Annual Report (PDF). Hong Kong: New World Development. 1995. p. 21. Retrieved December 31, 2018.
  8. ^ Sito, Peggy (July 28, 1997). "New World in US$80m hotels deal". South China Morning Post. Hong Kong. Retrieved November 10, 2018.
  9. ^ "Marriott purchases Renaissance $1 billion deal outbids Doubletree Corp. for Asia-based company; Foreign markets gained; Hotelier's biggest buy adds 150 hotels from Renaissance Group". Baltimore Sun. February 19, 1997. Retrieved June 7, 2023.
  10. ^ Sanchez, Jesus (February 19, 1997). "Marriott to Buy Renaissance for $1 Billion". Los Angeles Times. Retrieved January 27, 2019.
  11. ^ McDowell, Edwin (February 19, 1997). "Marriott Aims Overseas With Acquisition". The New York Times. ISSN 0362-4331. Retrieved June 7, 2023.
  12. ^ McDowell, Edwin (February 19, 1997). "Marriott Aims Overseas With Acquisition". The New York Times. Retrieved November 10, 2018.
  13. ^ "2006 Annual Report". www.marriott.gcs-web.com. p. 20.
  14. ^ "2007 Annual Report". www.marriott.gcs-web.com. p. 26.
  15. ^ "2008 Annual Report". www.marriott.gcs-web.com. p. 22.
  16. ^ "2009 Annual Report". www.marriott.gcs-web.com. p. 19.
  17. ^ "2010 Annual Report". www.marriott.gcs-web.com. p. 18.
  18. ^ "2011 Annual Report". www.marriott.gcs-web.com. p. 19.
  19. ^ "2012 Annual Report". www.marriott.gcs-web.com. p. 22.
  20. ^ "2013 Annual Report". www.marriott.gcs-web.com. p. 20.
  21. ^ "2014 Annual Report". www.marriott.gcs-web.com. p. 17.
  22. ^ "2015 Annual Report". www.marriott.gcs-web.com. p. 5.
  23. ^ "2016 Annual Report". www.marriott.gcs-web.com. p. 7.
  24. ^ "2017 Annual Report". www.marriott.gcs-web.com. p. 7.
  25. ^ "2018 Annual Report". www.marriott.gcs-web.com. p. 6.
  26. ^ "2019 Annual Report". www.marriott.gcs-web.com. p. 6.
  27. ^ "2020 Annual Report". www.marriott.gcs-web.com. p. 8.
  28. ^ "2021 Annual Report". www.marriott.gcs-web.com. p. 6.
  29. ^ "2022 Annual Report". www.marriott.gcs-web.com. p. 6.
  30. ^ "RAMADA INNS PLANS 13-HOTEL EXPANSION". The New York Times. AP. April 16, 1981. Retrieved April 8, 2018.
  31. ^ "Find Renaissance Hotel Locations". Renaissance Hotels. Retrieved April 8, 2018.
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