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34. Residence Inn

Last Year's Rank: 37

Investment Range: $10,307,060 - $22,529,310

Initial Franchise Fee: $75,000 - $175,000

Category: Hotel/Travel

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Company Description

Residence Inn is an extended-stay all-suite hotel brand owned by Marriott International. It competes with brands like InterContinental’s Staybridge Suites, Homewood Suites by Hilton and Hyatt’s HYATT house in the upscale hotel market.

Residence Inn offers Residence Inn Mix, a social hour held three nights a week that encourages guests to interact with each other and connect with their destination.

Company Statistics

Global Sales: $4,000,000,000*

US Units: 789

International Units: 14

Total Units: 803

Percent Franchised: 85%

% International Units: 2%

US Franchised Units: 678

International Franchised Units: 7

Sales Growth %: 3.9%

Unit Growth %: 5.7%

*Franchise Times Estimate

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