Who is the parent company of Renaissance Hotels?
Renaissance Hotels is a hotel brand of Marriott International. It was founded in 1981 as Ramada Renaissance, an upscale brand of Ramada Inns. In 1989 the brand was relaunched as Renaissance Hotels. It was bought by Marriott in 1997.
When did New World Hotels buy the Stouffer chain?
In 1993, New World purchased the Stouffer Hotels chain from Nestle for an estimated $1.5 Billion, New World secured the rights to use the Stouffer name for 3 years during a transitional period.
When was the Ramada brand sold to Marriott?
In September 2004, Marriott sold the Ramada International brand to Cendant Corp. (today known as Wyndham). The Ramada Renaissance brand began with large hotels in major urban centers. However, as Marriott has decided to expand their “lifestyle” collection, including the Renaissance brand, the hotels can be found in 176 locations globally.
When did Renaissance Hotels become part of Marriott?
In 1989 the brand was relaunched as Renaissance Hotels. It was bought by Marriott in 1997. As of December 31, 2018, it has 175 hotels with 55,099 rooms. Renaissance Hotels was founded in 1981 as Ramada Renaissance, an upscale division of Ramada Inns. The first property was located in Denver, Colorado.
When to replace a store in a hotel?
But hotels will move quickly to replace a store or restaurant if it is not generating enough revenue, Maal noted. During a renovation, he said, the hotel management may decide to replace an underperforming retail outlet with an in-house retail offering or with some other amenity like a spa or gym.
What are the major trends in hotel renovations?
Here are the major trends taking place in hotel renovations nationwide. The building’s transformation can be significant, starting with the very feature that makes a hotel a hotel — guest rooms.
Why do hotels have to change their name?
Besides adapting to changing consumer and industry trends, hotel renovations take place, said Adam Docks, real estate attorney at Perkins Coie in Chicago, for a variety of reasons, including a conversion from an independent hotel to a franchise, a rebranding from one chain to another or simply a refresh of an older hotel.
How are guest rooms changing in a hotel?
The building’s transformation can be significant, starting with the very feature that makes a hotel a hotel — guest rooms. Rooms are getting smaller, Docks said, and depending on the project, owners can reduce room counts to add suites or meeting spaces or to divide up oversized guest rooms.