Franchise opportunities compared
Sheraton Hotels & Resorts vs Tribute Portfolio Hotels
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Before you compare
- Both sets of figures come from 2026 FDDs.
- Item 19 figures cover the location groups each FDD names (Sheraton Hotels & Resorts: 4, Tribute Portfolio Hotels: 5). Different groups are not directly comparable.
| Disclosure |  Sheraton Hotels & Resorts |  Tribute Portfolio Hotels |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $83,776,490 – $136,115,890 ers/ Employees/ Marriott Total Range (excludes costs identified as not determinable) — 83776490 2026 FDD · Item 7 · PDF p. 64 | $60,031,490 – $98,155,890 OM PAYMENT IS TO BE MADE Total Range (excludes costs identified as not determinable) — 60031490 2026 FDD · Item 7 · PDF p. 66 |
| Standard initial franchise fee (Item 5) | — 2026 FDD · Item 5 · PDF p. 55 | — 2026 FDD · Item 5 · PDF p. 39 |
| Royalty (Item 6) | Not available No reviewed royalty record | Not available No reviewed royalty record |
| Brand / advertising fund (Item 6) | 1% CRN qualifying convention/resort hotels Marketing Fund — 1% of gross room sales included in Program Services Contribution — 1% 2026 FDD · Item 6 · PDF p. 57 | $31,548 ncludes a contribution to the Marketing Fund of 1.5% of gross room sales); plus — ii) — 31548 2026 FDD · Item 6 · PDF p. 58 |
| System scale & health | ||
| Total outlets (Item 20) | 165 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 123 | 202 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 125 |
| Net outlet change (Item 20) | −3 Calculated: 168 at end of 2023 → 165 at end of 2025 | +70 Calculated: 132 at end of 2023 → 202 at end of 2025 |
| Outlet exits (Item 20) | Not available No complete exit records for a year | Not available No complete exit records for a year |
| Franchising since (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Franchisor founded (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | Locations counted not stated in the reviewed record — STR Included franchised Sheraton hotels $173 other ADR · 2026 FDD · Item 19 · PDF p. 117 Locations counted not stated in the reviewed record — 1-Year Comp franchised Sheraton hotels 45 percent other he 1-Year Comp Hotels ranged from 29.2% to 96.7%, with a median OCC of 64.9%. 58 · 2026 FDD · Item 19 · PDF p. 118 Locations counted not stated in the reviewed record — Included franchised Sheraton hotels; reservations 70.1 percent other rom the Reservations Channels, and the median contribution to room night revenue was · 2026 FDD · Item 19 · PDF p. 119 +1 more groups in the full report | Locations counted not stated in the reviewed record — STR Included franchised Tribute Portfolio hotels $144 other RevPAR · 2026 FDD · Item 19 · PDF p. 119 Locations counted not stated in the reviewed record — 1-Year Comp Tribute Portfolio hotels $121 other RevPAR Index was 102.5. During 2025, the ADR for the 1-Year Comp Hotels ranged from · 2026 FDD · Item 19 · PDF p. 120 Locations counted not stated in the reviewed record — 1-Year Comp hotels 102.5 index other RevPAR index · 2026 FDD · Item 19 · PDF p. 120 +2 more groups in the full report |
Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.
Sheraton Hotels & Resorts vs Tribute Portfolio Hotels: common questions
- Which costs less to open, Sheraton Hotels & Resorts or Tribute Portfolio Hotels?
- Sheraton Hotels & Resorts: $83,776,490 – $136,115,890 (2026 FDD · Item 7 · PDF p. 64); Tribute Portfolio Hotels: $60,031,490 – $98,155,890 (2026 FDD · Item 7 · PDF p. 66). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Tribute Portfolio Hotels. Estimates are not quotes, and the FDD years may differ.
- Which has more locations, Sheraton Hotels & Resorts or Tribute Portfolio Hotels?
- Sheraton Hotels & Resorts: 165 (2026 FDD · Item 20 · PDF p. 123); Tribute Portfolio Hotels: 202 (2026 FDD · Item 20 · PDF p. 125). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Sheraton Hotels & Resorts and Tribute Portfolio Hotels disclose financial performance (Item 19)?
- Sheraton Hotels & Resorts has reviewed Item 19 figures for 4 location groups; Tribute Portfolio Hotels has reviewed Item 19 figures for 5 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.