Hotel Sales to Chinese Investor 11/19

Hotel Sales to Chinese Investor 11/19


renaissance logo

Renaissance Hotels

 

Renaissance Hotels is a worldwide brand of hotels and resorts. The brand is owned by Marriott International and many Renaissance Hotels are managed by Marriott; however, some are operated under a franchise license. Renaissance Hotels, Resorts and Suites cater to an upmarket segment of the traveling public. While initially acquired by Marriott as a secondary-brand, in recent years Renaissance has been promoted to a primary brand.

Renaissance Hotels was founded in 1982 as Ramada Renaissance Hotels, the upscale division of Ramada Inns, Inc.

In 1989, the bulk of the Ramada hospitality and franchise system was acquired by New World Development Company of Hong Kong (the U.S. rights to the Ramada name were sold to Prime Hospitality), and the former Ramada Corp. was renamed Aztar Corp. New World established Renaissance as a stand-alone brand.

In 1993, New World purchased Stouffer Hotels from Nestle and re-branded as Stouffer-Renaissance Hotels until early 1996, the hotels dropped the Stouffer affiliation and become Renaissance Hotels. Stouffer Hotels no longer existed from that period. New World took their management and franchising company public, while retaining ownership of many of the individual hotels through its CTF Holdings subsidiary.

In 1997 Marriott acquired the Netherlands-incorporated Renaissance Hotel Group N.V., and retained the Renaissance brand, while eventually shedding the Ramada International business in phases to Cendant Corp. In 2005 Marriott acquired most of the remaining New World/CTF owned Renaissance Hotels in North America and Europe, with the intent of selling them under long-term management and/or franchise contracts.

 

Properties and locations

Marriott’s Renaissance brand initially started as a small chain, with limited offerings in remote areas. However, as Marriott has decided to expand their “lifestyle” collection, including the Renaissance brand, the hotels can be found in over 50 locations throughout the United States including Los Angeles, Cleveland, New York, Palm Springs, Seattle, Dallas, Albany, Baltimore, Austin, and Orlando (adjacent to Seaworld Orlando.)

International

Renaissance Chancery Court Hotel, High Holborn, London
  • Belarus: located in Minsk
  • Brazil: located in São Paulo, São Paulo
  • Canada: located in downtown Montreal, at Edmonton International Airport near Edmonton, Alberta , and in downtown Toronto insideRogers Centre
  • Chile: located in Vitacura, Santiago
  • China: located in Suzhou, Jiangsu
  • France: located in Bouches du Rhône, Aix en Provence
  • France: located in Ile de France, Paris
  • Germany: located in North Rhine-Westphalia, Bochum
  • Hong Kong: located in Wan Chai
  • India: located in Lucknow, Uttar Pradesh
  • India: located in Powai, Mumbai
  • Israel: located in Tel Aviv
  • Japan: located in Okinawa
  • Kazakhstan : located in Aktau and Atyrau
  • Malaysia : located in Johor Bahru
  • Malaysia : located in Kota Bharu
  • Malaysia : located in Kuala Lumpur
  • South Korea: located in Yeoksam-dong, Gangnam-gu
  • Thailand: located in Bangkok
  • Thailand: located on Koh Samui
  • Thailand: located on Phuket Island
  • United Kingdom: located on London
  • Venezuela: located in Chacao, Caracas