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  • Last Year Rank: 24
  • Investment Range: $53,521,090 - $82,627,590
  • Initial Investment: $150,000
  • Category: Hotel/Travel
24. Sheraton

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: 189
  • International Units: 260
  • Total Units: 449
  • Percent Franchised: 50%
  • % International Units: 58%
  • US Franchised Units: 161
  • International Franchised Units: 64
  • Sales Growth %: 0.0%
  • Unit Growth %: 1.4%
  • *Franchise Times Estimate