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24. Sheraton

Last Year's Rank: 24

Investment Range: $53,521,090 - $82,627,590

Initial Franchise Fee: $150,000

Category: Hotel/Travel

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Company Description

Founded in 1937, Sheraton Hotels is a hotel chain that was formerly owned by Starwood Hotels and Resorts Worldwide and is currently owned by Marriott, which acquired Starwood in 2016. The franchise has locations in North America, Latin America, Europe, the Middle East, Africa and Asia.

Sheraton 2020, a new 10-point plan, was released in 2015, announcing the premier line of Sheraton Grand hotels. The plan also stated a company goal of opening more than 150 new Sheraton hotels worldwide by 2020.

Company Statistics

Global Sales: $5,975,000,000*

US Units: 190

International Units: 253

Total Units: 443

Percent Franchised: 50%

% International Units: 57%

US Franchised Units: 160

International Franchised Units: 63

Sales Growth %: 0.4%

Unit Growth %: 0.0%

*Franchise Times Estimate

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