Start a Wyndham Franchise in 2024

2024 Franchise 500 Rank: #167 Ranked #232 last year

Initial investment: $1.8M - $94.2M

Units as of 2024: 183 38.6% over 3 years

Wyndham is a hotel brand founded in 1981. It is a subsidiary of the global hotel-leading group, Wyndham Hotel and Resorts. Wyndham offers lodging facilities for business travelers and tourists with various amenities, including conference hosting, a gym and spa, restaurant, and bar services. Since beginning to franchise in 1996, Wyndham has accumulated dozens of franchise units across the globe.

Why You May Want to Start a Wyndham Franchise

Wyndham is a recognized brand in the hotel and lodging industry. With Wyndham, you will open a hotel business familiar to consumers worldwide, potentially making it easier to grow from a proven business model than starting from scratch. Hotel owners are typically welcome to convert their existing hotels to a Wyndham brand, which will hopefully attract more clients and maximize their potential.

Wyndham offers extensive training to franchisees before they can start their business. Training prepares the franchisee and their team to serve guests in a world-class facility while providing high-quality services. Regional workshops are there to keep the franchisees updated with new skills and strategies.

Wyndham strives to walk alongside franchisees from the grand opening the whole way until the franchise agreement ends. They will help you design a new hotel from scratch or convert your existing one to a Wyndham franchise. Wyndham will furnish the hotel with inexpensive but quality equipment and products sourced through its strategic sourcing program.

What Might Make a Wyndham Franchise a Good Choice?

Wyndham may be a go-to hotel for travelers and business individuals regardless of their financial standing. As a Wyndham franchisee, you may get value for your money by getting quality equipment and products for a glowing guest experience at a fairly affordable price.

To be part of the Wyndham team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Typical terms of agreement run for a renewable period of 20 years, and franchisees enjoy an exclusive territory for the entire term.

Wyndham offers full support to help you smoothly run your franchise. Through marketing and advertising, Wyndham will do its best to put your franchise on the map. Wyndham staff may help you set up a hotel website, social media pages, email marketing, and a loyalty program that motivates customers to make return visits to your location.

How To Open a Wyndham Franchise

To get started with your Wyndham franchise, you should fill out and submit a franchise request form. A company representative may get back to you to discuss the franchising details and help you choose the best location for your franchise.

Upon approval to be a Wyndham franchisee, you and your team will attend compulsory training at the Wyndham School of Hospitality Operations. Lastly, you will pay the initial investment and sign the agreement's legal documents in the presence of an attorney. Finally, you will be cleared to build a brand new Wyndham franchise or convert your old hotel into a Wyndham franchise.

Company Overview

About Wyndham

Industry	Lodging
Related Categories	Hotels & Motels
Founded	1981
Parent Company	Wyndham Hotels & Resorts
Leadership	Geoff Ballotti, CEO
Corporate Address	22 Sylvan Wy. Parsippany, NJ 07054
Social	Facebook, Twitter, Instagram

Business Overview

Franchising Since	1996 (28 years)
# of employees at HQ	2,217
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	183 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Wyndham franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$50,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$1,758,287 - $94,177,077
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	50% off application/franchise fees; development incentive of up to $4,000/room
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	20 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Wyndham offers in-house financing to cover the following: franchise fee, startup costs, inventory
Third Party Financing	Wyndham has relationships with third-party sources which offer financing to cover the following: equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	Up to 30 hours
Classroom Training	41-81 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	10-15
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No