Wyndham Hotels and Resorts Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Wyndham Hotels and Resorts started its operations and opened its brand for franchisees in 1990. Presently, there are around 9000 hotels under its system across the globe. Since then, it has been the go-to property of most business travelers, considering its world-class facilities and outstanding customer services. If you are interested in putting up your own hotel carrying this brand, read this post first. We will then provide you an overview of the requirements and the estimated Wyndham Hotels and Resorts franchise cost.
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Table of Contents
Wyndham Hotels and Resorts Franchise Wiki
The main franchisor of the brand is Wyndham Franchisor, LLC, which is a subsidiary of Wyndham Hotels and Resorts (a subsidiary of Wyndham Hotel Group, LLC). They offer, sell, and support franchises for all the guest lodging facilities. Guests can also experience different amenities, such as restaurants, bars, and fitness facilities. In fact, in some locations, the guests can enjoy tennis, golf, beaches, and spa.
Aside from the Wyndham Hotels and Resorts, the company operates different brands, including the following:
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- AmericInn
- Baymont Inn & Suites
- Days Inn
- Dolce Hotels and Resorts
- Hawthorn Suites by Wyndham
- Howard Johnson
- La Quinta
- Microtel Inn & Suites by Wyndham
- Ramada
- Ramada Encore
- Super 8
- Travelodge
- TRYP by Wyndham
- Wingate by Wyndham
- Wyndham Garden
- Wyndham Grand
- Dazzler Hotels
- Esplendor Boutique Hotels
- The Trademark Hotel Collection
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Wyndham Hotels and Resorts Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Wyndham Hotels and Resorts Franchise Financial Assistance
The franchisor may grant a deferred payment for the initial franchise fee. This could be for 90 days or until the facility becomes a member of the chain facility. In addition to this, there are development incentives for new construction and conversion of the property.
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Take note that the franchisor does not offer financing arrangements.
Wyndham Hotels and Resorts Franchise Cost
| Name of Fee | Low | High |
|---|---|---|
| Application Fee, Initial Franchise Fee | $150,500 | $150,500 |
| Market Study | $12,000 | $50,000 |
| Phase I Environmental Survey | $4,000 | $7,500 |
| Architecture, Design and Engineering | $1,150,716 | $2,495,175 |
| Land Acquisition | Highly variable; not estimated | |
| Insurance | $35,000 | $55,000 |
| Permits, Licenses, Deposits and Related Fees | $419,000 | $1,200,000 |
| Hotel Construction | $31,793,216 | $53,123,895 |
| Furniture, Fixtures and Equipment | $4,638,781 | $4,835,825 |
| Signage | $45,000 | $150,000 |
| Opening Inventory and Supplies | $813,579 | $935,961 |
| Photos | $3,560 | $3,560 |
| Liquor License | $2,000 | $400,000 |
| Technology Systems | $199,047 | $201,047 |
| Property Management Set-Up and Installation | $23,075 | $23,075 |
| Training Tuition | $2,950 | $9,400 |
| Training Expense | $1,294 | $7,092 |
| Pre-Opening Marketing/ Grand Opening | $50,000 | $450,000 |
| Pre-Opening Wages | $501,466 | $1,002,932 |
| Other Expenses | $100,000 | $200,000 |
| Construction Contingency | $1,589,661 | $2,656,195 |
| Additional Funds for First 3 Months of Operation | $577,735 | $1,231,740 |
| ESTIMATED TOTAL* | $42,112,580 | $69,188,897 |
Wyndham Hotels and Resorts Franchise Training
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It is mandatory that the designated attendees complete and pass the necessary training. The franchisor’s training team offers and facilitates both workshops and online training to the franchisees and/ or designated attendees.
The franchisor should provide training for the hotel’s designated General Manager under its Hospitality Management Program. This specific training will run for five days.
Assuming that it is a newly built property, the franchisees will also have to undergo an opening training. It is usually held within the facility two weeks before the actual opening date.
The brand has its own customer loyalty program, Wyndham Rewards, and all facilities should participate in the training program discussing the particulars.
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General Managers must also attend the annual leadership conference, and other staff may be required to participate in periodic meetings.
In case the facility receives specific customer feedback, the main franchisor might request the General Manager and the staff to attend remedial customer experience assessment or training.
Wyndham Hotels and Resorts Franchise Territory
The franchise covers the development and operation of a single chain facility in one location. Take note though, that the Franchise Agreement is not a guarantee of protected territory. It is possible that the franchisee will face competition from other properties. It includes other hotels under the Wyndham group as well.
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There is, however, territorial protection, which may be provided by the franchisor. Under this agreement, the franchisor will not license anyone to open a facility under their system within a specified area for a defined period.
Wyndham Hotels and Resorts Franchise Obligations
The franchisees do not have to participate in the direct operation of the property. However, the franchisor recommends that they do.
In case the franchisee chooses not to manage the facility, they will need to hire a reputable management company or a person with ample experience in managing similar properties. To emphasize, they should be able to complete the whole training program.
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During the operation, the franchisee should never offer goods and services without the franchisor’s proper approval.
Wyndham Hotels and Resorts Franchise Term of Agreement
The franchise term is for 20 years for new construction. While for conversion and transfers, the agreement covers 15 years.
Wyndham Hotels and Resorts does not provide renewal rights.
Wyndham Hotels and Resorts Franchise Requirements
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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Wyndham Hotels and Resorts Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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How to Apply For Wyndham Hotels and Resorts Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Wyndham Hotels and Resorts Franchise Contact details
Website
https://www.wyndhamhotels.com/
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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