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.[2]
History
Renaissance Hotels was founded in 1981 as Ramada Renaissance, an upscale division of Ramada Inns.[1] 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.