Hong Kong–based New World Development (NWD) acquired Ramada in 1989 and re-launched Renaissance Hotels as a separate brand.

[5] On September 27, 1995, New World Development (NWD), took their management and franchising company public (listing on the New York Stock Exchange) and created a new company called Renaissance Hotel Group N.V..[6] which operated the New World, Renaissance & Ramada International hotel brands.

New World Development retained ownership of many of the individual hotel structures through CTF Holdings, a private company owned by the Cheng family, the owner of NWD group.

[8] The Marriott announcement came only a few weeks after Renaissance Hotel Group N.V., tentatively agreed to be sold to rapidly expanding Doubletree Corp.

[30] However, as Marriott has decided to expand their "lifestyle" collection, including the Renaissance brand, the hotels can be found in 176 locations globally.