Westin Resort Hotel logo

Westin Resort Hotel Franchise

Audited Financials
HospitalityEst. 2012Bethesda, MD
www.marriott.com
Financing Available

Risk Score

Pending analysis

Investment Range

$90,658,740 - $147,839,140

Franchise Fee

$100,000

Total US Locations

121

Business Summary

Westin operates full-service hotels and resorts designed for discriminating business and leisure travelers. These hotels typically feature between 100 and 1,350 guestrooms, offering various food and beverage options like restaurants, lounges, and room service, along with catering and banquet facilities. Westin hotels also include meeting rooms, business centers, recreational and fitness centers, often featuring swimming pools, whirlpools, and exercise areas. Franchisees also have the option to operate a Heavenly Spa at their Westin hotel.

Corporate History

MIF, L.L.C., the franchisor, was established in Delaware in 2012 and operates as a subsidiary of Marriott International, Inc. It began offering franchises for Westin Hotels in March 2017. Prior to this, Marriott International's affiliates had owned and managed Westin Hotels since 1990 and offered Westin franchises between 1990 and March 2017.

Financial Overview

Investment Range

$90,658,740 - $147,839,140

Franchise Fee (Low)

$100,000

Franchise Fee (High)

$675,000

Royalty %

7%

Marketing %

1.325%

Equipment Costs (Low)

$13,048,000

Equipment Costs (High)

$18,111,400

Working Capital

$1,437,500

Audited Financials

Yes

Offers Financing

Yes

Audit Opinion

Unqualified opinion

Financial Health Notes

MIF, L.L.C. consistently generates net income, reporting $63,830,000 in 2024, $64,157,000 in 2023, and $53,570,000 in 2022. The company also maintains a substantial member's equity, which stood at $466,324,000 in 2024 and $402,921,000 in 2023. The independent auditors issued an unqualified opinion on the financial statements, indicating fair presentation and no identified going concern issues. However, MIF, L.L.C. operates without its own cash balance, with nearly all transactions recorded through related party accounts with its parent company, Marriott International, Inc. The company has significant net receivables from related parties, amounting to $443,571,000 in 2024.

Financing Details

Westin generally does not offer direct or indirect financing for its franchised hotels or guarantee franchisee loans. However, in very limited circumstances and at its sole discretion, Westin may offer credit support, such as a contingent guarantee for a portion of a third-party loan, or provide a mezzanine loan. The specific terms of any such guaranty or loan, including amounts, interest rates, and repayment obligations, would vary based on the situation and are not determined in advance. Westin also offers a new development incentive program that can reduce the ongoing franchise fees for eligible new-to-system Westin Hotels.

Performance Metrics

Total US Locations

121

Franchised Units

85

Corporate Units

36

Avg Square Footage

190,000

Franchising Since

2017

Agreement Terms

Initial Term

20 years

Renewal Conditions

Westin franchise agreements are not renewable, so there are no conditions for renewal. Franchisees should not expect to operate under the brand after the initial term expires.

Training & Support Program

Franchisor Assistance

Westin provides extensive support to its franchisees both before and after opening. Before opening, Marriott International offers design and construction criteria, reviews plans, assists with procuring supplies, inspects the hotel, and provides initial training for general managers and staff. It also reviews proposed sites and provides a timeline for construction and opening. Post-opening, Westin provides ongoing consultation from its representatives, access to its reservation and electronic systems, protection of its trademarks, and updated operating standards. Marriott International manages a Marketing Fund for advertising and promotional activities, offers mandatory and optional sales and marketing programs, and operates various sales organizations, including a mandatory Global Sales Organization. Franchisees are required to implement a wide array of electronic systems for property management, reservations, guest services, point-of-sale, and network infrastructure, with ongoing support provided for some. Comprehensive training is mandatory for all levels of staff, covering brand standards, ethics, functional operations, and electronic systems. Specialized programs are also available for new-to-Marriott executives and those requiring additional training.

Initial Training Hours

112

Training Location

Varies

Ongoing Support

Westin franchisees receive comprehensive ongoing support after their hotel opens. This includes access to consultants for hotel design and operations, a reservation system, and continuously updated operating standards. Marriott International manages a Marketing Fund that supports national and regional advertising, marketing, and promotional programs for Westin hotels. Franchisees also have access to various sales and marketing programs, including optional digital marketing services and mandatory participation in the Global Sales Organization. Support is provided for a wide range of electronic systems crucial for hotel operations, such as property management, guest experience, and network infrastructure. Additionally, Marriott International provides ongoing training for hotel personnel covering brand standards, ethics, and functional operations, often through virtual modules. General managers are also required to attend regional conferences for continuous development.

Franchise Requirements

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Commercial

Owner Participation

Absentee Allowed

Territory Type

Non-Exclusive

Staffing Notes

Westin hotels require a general manager who has completed the franchisor's training program to directly supervise the business on-premises, along with other managers who must also dedicate full time to the hotel's management and operation. All staff members, including hourly and management associates, are required to complete various mandatory training programs covering brand and service standards, ethics, functional operations, administrative tasks, electronic systems, leadership development, and loyalty programs. Additionally, third-party certifications are required for alcohol awareness (for those serving alcohol) and food safety (for all who handle food). These training programs often include annual or bi-annual recertification to ensure ongoing compliance with standards.