Ramada sits toward the fuller-service end of Wyndham's Canadian portfolio — restaurants, lounges, and meeting space are common alongside guest rooms — which means an existing property is more likely than Wyndham's limited-service banners to already carry a licensed bar or restaurant needing its own AGCO transfer alongside the real estate and brand approvals. Superior Lodging Corp administers Ramada's Canadian development, and a resale runs the property review, financing, and brand approval on parallel tracks, with a Property Improvement Plan scoped to a larger, fuller-service building.
Ramada by Wyndham resales follow the franchisor's own approval process on top of the usual purchase mechanics — here's how the two run together.
Getting approved
The offer covers both the real estate and the Ramada franchise agreement together, conditioned on Superior Lodging Corp approving the transfer to the incoming owner.
2–4 weeks†The franchisor reviews the incoming operator and conducts a property inspection, sizing a Property Improvement Plan against a fuller-service building with meeting or banquet space.
4–8 weeks†Because real property is usually involved, mortgage financing, title, survey, and environmental review run alongside the brand approval.
4–8 weeks, in parallel†Getting to closing
Where the property carries a licensed lounge or restaurant — common at this fuller-service tier — an AGCO transfer or interim authorization proceeds on its own timeline.
4–8 weeks, if applicable†The incoming owner signs a new, current-form franchise agreement, often incorporating the negotiated Property Improvement Plan as a closing condition.
negotiated alongside brand approval†Real property, business assets, and the franchise agreement all close together, with a defined timeline for completing any required renovations after taking over.
1 day, plus a PIP completion tail†Franchised in Canada as part of Wyndham Hotels & Resorts' portfolio, with Canadian development handled by Superior Lodging Corp; the brand's franchise page lists the opportunity type as 'Franchised' with an active application process for prospective owners.
Ramada hotels operate in a number of Ontario markets, including Mississauga.
This is the first real decision in a Ramada by Wyndham resale — and it changes what you're buying, what you're taking on, and how the franchise agreement moves.
| Question | Asset purchase | Share purchase |
|---|---|---|
| What you buy | The real property (if included), the hotel's operating assets, and the benefit of the Ramada franchise agreement, subject to the franchisor's consent. | The shares of the corporation holding the property and the franchise agreement — everything it owns and owes. |
| Seller's liabilities | Generally stay behind with the seller, apart from anything specifically assumed in the agreement. | Generally come with the company, known and unknown, including any mortgage or lease obligations. |
| Franchisor consent & PIP | Required for the transfer, typically paired with a Property Improvement Plan sized to a fuller-service building — meeting space and food & beverage areas included. | Required for the change of control, with the same PIP review still applying to the property itself. |
| Liquor licence | Common at this brand tier — an existing AGCO licence typically needs its own transfer process alongside the real estate and brand approvals. | The licence itself doesn't automatically transfer with a share sale, but AGCO's change-in-control notice requirements still apply. |
| Staff (ESA) | Employment Standards Act continuity rules apply to how hotel staff carry over, including any food & beverage and banquet team members. | Employment generally continues uninterrupted — the employer doesn't change. |
| Tax angle | Buyer generally gets a stepped-up cost base on the real property and business assets purchased; HST self-assessment applies to the real property transfer. | Seller may access the lifetime capital gains exemption on qualifying shares; the property's cost base carries over. |
The real property (if included), the hotel's operating assets, and the benefit of the Ramada franchise agreement, subject to the franchisor's consent.
The shares of the corporation holding the property and the franchise agreement — everything it owns and owes.
Generally stay behind with the seller, apart from anything specifically assumed in the agreement.
Generally come with the company, known and unknown, including any mortgage or lease obligations.
Required for the transfer, typically paired with a Property Improvement Plan sized to a fuller-service building — meeting space and food & beverage areas included.
Required for the change of control, with the same PIP review still applying to the property itself.
Common at this brand tier — an existing AGCO licence typically needs its own transfer process alongside the real estate and brand approvals.
The licence itself doesn't automatically transfer with a share sale, but AGCO's change-in-control notice requirements still apply.
Employment Standards Act continuity rules apply to how hotel staff carry over, including any food & beverage and banquet team members.
Employment generally continues uninterrupted — the employer doesn't change.
Buyer generally gets a stepped-up cost base on the real property and business assets purchased; HST self-assessment applies to the real property transfer.
Seller may access the lifetime capital gains exemption on qualifying shares; the property's cost base carries over.
We tell you which structure fits — before you sign anything.
No open-ended hourly surprises — the cost is confirmed in writing before any work begins.
| Type of work | Fee | How it's confirmed |
|---|---|---|
| Straightforward purchase or sale | Starting from $3,388.87 Our charges · taxes included | Confirmed in writing once we see the agreement. |
| Larger or more complex deal | Quoted to scope | Short call → fixed written quote before any work begins. |
| Searches, filings & third-party fees | At cost | Itemized on your invoice, not marked up. |
A single, already-flagged Ramada property changing hands, with the real estate, franchise agreement, and an existing liquor licence moving together in one transaction.
Start my file →A property requiring a substantial Property Improvement Plan, a licensed restaurant or lounge needing an AGCO transfer, or a buyer acquiring more than one flagged property at once.
Book a consultation →Not sure which you are? That's our job to figure out, not yours. As a rough guide, most deals under a couple of million dollars are the first kind — above that, you're usually in Mergers & Acquisitions territory.
Often, yes — Ramada sits toward the fuller-service end of the brand family, and a licensed lounge or restaurant is common. That makes an AGCO transfer a live consideration more often here than at Wyndham's limited-service banners, and we build it into the closing timeline from the start rather than treating it as an afterthought.
Usually, because the format itself is bigger — meeting space, banquet facilities, and a full-service restaurant all fall within a PIP's scope where a limited-service property wouldn't have them. The specific list still depends on the property's actual condition, which the inspection determines before terms are finalized.
That's addressed in the purchase agreement — whether the buyer assumes existing bookings, how deposits already collected are handled, and staffing continuity for the events team are all deal points we work through rather than leave to be sorted out after closing.
Day-to-day, you're dealing with Superior Lodging Corp, the Calgary-based company that administers Ramada's Canadian development, rather than Wyndham's US head office directly.
That depends on the structure. An asset sale usually means new financing for the buyer and a payout of the seller's existing mortgage at closing; a share sale can sometimes allow an existing mortgage to stay in place, subject to the lender's consent.
Related
Where we close franchise resale deals
Treadstone Law is an independent law firm. We act for buyers and sellers of franchise businesses. We are not affiliated with, endorsed by, or retained by Ramada by Wyndham or its franchisor.
Tell us about your Ramada by Wyndham resale — we'll point you the right way and confirm the cost in writing before any work begins.