Franchising Status
Email Address
Phone Number
Unit Location
Email Address
Phone Number
6/10

Franchimp Summary Rating

10 /10
Higher than 0% of peers
1 /10
Higher than 90% of peers

Franchise Summary

Description
The franchisee will establish and operate a full-service hotel that will be designated as a member of the "Tribute Portfolio. "
Company Background
Tribute Portfolio is a hotel franchise company that will operate a full-service hotel using the best practices of hospitality. The Tribute Portfolio was created to offer world-class service and amenities at an affordable price. Our hotels provide travelers with comfortable accommodations, meeting space, onsite dining options and more for business or leisure travel needs. We are committed to providing our guests with peace of mind by offering 24/7 customer service as well as concierge services designed to make their stay memorable.
Franchise Opportunity
Establishing and operating a full-service hotel can be difficult, especially if you're not familiar with the process. Operating a full-service hotel requires a lot of time and effort, and there are many different aspects to consider. From hiring the right staff to marketing your property, there's a lot that goes into running a successful hotel. Joining the Tribute Portfolio will give you access to our team of experts who will help you every step of the way. Our franchisees have access to our award-winning training programs, as well as our support center which is open 24/7. We'll help you find the right property, design it to meet your needs, and market it to attract guests.
Corporate Structure
The franchisor is Marriott International, Inc. ('Marriott'), a corporation incorporated under the laws of the State of Delaware in 1997. We will refer to the franchisor as 'we' or 'Marriott' throughout this disclosure document. The terms 'we' or 'Marriott' do not include our corporate officers, employees, directors, stockholders, affiliates, or subsidiaries. We will refer to the person or entity that is considering purchasing a franchise as 'you.' When we refer to the 'United States' in this disclosure document, such term includes only the 50 states of the United States of America and the District of Columbia and does not include any possessions or territories of the United States. Capitalized terms not defined in this disclosure document have the meaning ascribed to them in the franchise agreement attached as Exhibit C. We are a publicly-traded corporation listed on the NASDAQ Stock Market. Our principal business address, and the principal business address of most of our affiliates, is 10400 Fernwood Road, Bethesda, Maryland 20817 ('Marriott Headquarters'). On August 1, 2022, Marriott Headquarters will be relocated to 7750 Wisconsin Avenue Bethesda, Maryland 20814.

Franchisee Attrition

10 /10
This franchise's rate of attrition in 2023 of 0.00% was Higher than the % in the Lodging industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Franchise Disclosure Documents

FDD Effective Date

Tribute Portfolio Franchise System Development in 2021

FAQ

How much investment do I need to start my own Tribute Portfolio business?
Franchisees typically require at least $47,843,340 to $78,582,140 investment to get their Tribute Portfolio business started
What are the initial franchise fees for Tribute Portfolio?
Franchisees typically need to pay at least $248,950 in fees directly to Tribute Portfolio in order to earn the right to launch their business
How much money can I make with a Tribute Portfolio franchise? What are the average revenues for a typical Tribute Portfolio business?
We haven’t done the math on how much revenue a typical Tribute Portfolio brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $0 revenue, so we would expect Tribute Portfolio to generate a similar amount
How long do I need to commit to running a Tribute Portfolio unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

1 /10
The Franchisor's investment costs ranges from $47,843,340 to $78,582,140 which is Much Lower than the $12,405,748 to $23,788,760 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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