Release date- 24062016 - Two of Marriott International, Inc.'s fastest growing brands have been recognized by Forbes as 'America's Best Franchises to Buy in 2016'. Landing in the top 10 of a selection of more than 3,300 active franchise brands, SpringHill Suites and TownePlace Suites are also the two highest ranking hotel and lodging brands in Forbes' 'high investment level'.
Forbes Media suggests that the best franchisors will support owners with strong brands, innovative products and creative marketing.
'We're honored to be recognized by Forbes, as we strive to offer inspiring, dynamic, and diverse hotel brands that perform well and yield great returns for our owners and franchisees. That is what our business is all about.' said Loren Nalewanski, Vice President and Global Brand Manager for SpringHill Suites and TownePlace Suites. 'At Marriott, we truly value the relationship and trust we have with our franchisees, and believe that by pouring our heart and soul into the development of amazing brands, we are able to create a compelling product for our guests.'
This year's list is the third annual ranking of best and worst franchises in America. To determine an accurate ranking, Forbes Media uses FRANdata on system sustainability, system demand, franchisor support, franchisor stability and value for investment to analyze five-year growth rates and five-year continuity rates, a measure of how often an individual franchise has changed hands, among other factors, to make its determination.
To find out more about how Forbes Media put together the list of Best and Worst Franchises in America click here.
About the SpringHill by Marriott
SpringHill Suites by Marriott is an all-suite brand that offers guests the little extras that help them enjoy their time away. Unexpected space and design at an affordable price makes the brand appealing to both business and leisure travelers. The brand features spacious suites and unique layouts that allow guests to relax and reenergize. Launched in 1998, the brand currently has more than 330 locations in the United States and Canada. SpringHill Suites participates in the award-winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, call the SpringHill Suites toll-free number at 888-287-9400, visit www.springhillsuites.com, become a fan at www.facebook.com/springhillsuites or follow SpringHill at twitter.com/springhillsuite.
About the TownePlace Suites by Marriott
TownePlace Suites by Marriott is an award-winning, all-suite, extended-stay hotel brand in the moderate price range. Ranked highest in the Extended Stay category in the J.D. Power 2013 North America Hotel Guest Satisfaction Index StudySM, TownePlace Suites is ideal for travelers who need accommodations for longer stays. TownePlace Suites offer studio, one-bedroom and two-bedroom suites with fully equipped kitchens and separate living/working and sleeping areas. Launched in 1997, the brand currently has more than 250 locations in the United States and Canada. TownePlace Suites participates in the award-winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the TownePlace Suites toll-free number at 800-257-3000, visit www.towneplacesuites.com or become a fan at www.facebook.com/towneplacesuites or follow https://twitter.com/towneplace.
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