Renaissance Hotels

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Renaissance Hotels was founded as Ramada Renaissance in 1981, as an upscale brand of Ramada Inns. Hong Kong–based New World Development (NWD) acquired Ramada in 1989 and re-launched Renaissance Hotels as a separate brand. The brand was acquired by Marriott International in 1997. As of January 31, 2023, it has over 170 hotels worldwide.[1]

History

File:Radisson Hotel Denver - Aurora 2020-05-14.jpg
The first Ramada Renaissance Hotel, now a Radisson, opened in 1981 in Aurora, Colorado.

Renaissance Hotels was founded in 1981 as Ramada Renaissance, an upscale division of Ramada Inns.[2] The first property was located in Aurora, Colorado, outside Denver. Ramada's hotels and 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 and 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] New World Development licensed the Stouffer Hotels brand for three years and 28 U.S. Stouffer properties were reflagged as Stouffer Renaissance during a transitional period lasting until 1996.[4] The Stouffer Presidente hotels in Mexico became Inter-Continental hotels.[5]

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..[6] which operated the New World, Renaissance & Ramada International hotel brands. 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.[7]

On February 18, 1997, Marriott International bought the Renaissance Hotel Group N.V. for US$1 billion from NWD. The deal dramatically expanded Marriott's presence in fast-growing Asian markets.[8] The Marriott announcement came only a few weeks after Renaissance Hotel Group N.V., tentatively agreed to be sold to rapidly expanding Doubletree Corp. However, Marriott surpassed Doubletree's $890-million offer.[9] The Marriott acquisition did not include the Stouffer Hotels brand. The Ramada International brand was included in the acquisition.[10]

Renaissance Hotel Group N.V. operated and franchised 150 hotels with 35 based in the United States. Marriott had 1,035 hotels based in the U.S. and 75 additional hotels operating outside of the U.S. The acquisition of the Renaissance and Ramada portfolio by Marriott expanded its footprint globally.[11] In September 2004, Marriott sold the Ramada International brand to Cendant Corp., today known as Wyndham.

Accommodations

Historical

US Non-US Total
2006[12] Properties 135
Rooms 48,051
2007[13] Properties 70 70 140
Rooms 25,942 22,817 48,759
2008[14] Properties 74 65 139
Rooms 27,425 21,615 49,040
2009[15] Properties 77 64 141
Rooms 28,569 21,664 50,233
2010[16] Properties 76 68 144
Rooms 27,939 22,720 50,659
2011[17] Properties 78 74 152
Rooms 28,880 23,737 52,617
2012[18] Properties 77 76 153
Rooms 28,248 24,692 52,940
2013[19] Properties 74 77 151
Rooms 26,840 24,711 51,551
2014[20] Properties 76 81 157
Rooms 27,239 25,368 52,607

From 2015

North
America
Template:Thin spaceEuropeTemplate:Thin space Middle E.
& Africa
Asia &
Pacific
Caribbean
Latin Am.
Total
2015[21] Properties 82 36 3 31 8 160
Rooms 27,359 8,632 921 12,116 2,565 51,593
2016[22] Properties 84 36 4 31 8 163
Rooms 28,038 8,548 1,076 11,899 2,565 52,126
2017[23] Properties 86 36 5 33 8 168
Rooms 28,510 8,563 1,388 12,271 2,565 53,297
2018[24] Properties 88 36 4 39 8 175
Rooms 29,104 8,564 1,233 13,633 2,565 55,099
2019[25] Properties 86 34 4 42 9 175
Rooms 28,597 8,049 1,035 14,535 2,745 54,961
2020[26] Properties 87 33 4 43 9 176
Rooms 28,880 7,846 1,035 14,972 2,745 55,478
2021[27] Properties 85 31 5 43 9 173
Rooms 28,091 7,262 1,293 14,733 2,745 54,124
2022[28] Properties 89 27 5 44 9 174
Rooms 28,998 6,307 1,476 14,791 2,745 54,317
2023[29] Properties 88 28 5 45 9 175
Rooms 28,041 6,491 1,476 14,505 2,745 53,258

Properties and locations

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.[1][31]

Notable properties

File:Renaissance Hotel, Nashville.jpg
Renaissance Hotel in Nashville, Tennessee
File:A Renaissance Hotel next to Hartsfield-Jackson airport in Atlanta, Georgia.jpg
A Renaissance Hotel next to Hartsfield-Jackson Atlanta International Airport in Atlanta

See also

  • Rosewood Hotel Group, another hotel group, established by Renaissance Hotels former owner New World Development

References

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External links

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Template:Portalbar Template:Marriott international Template:UK Hotels Template:Hotel chains

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