Suburban vs Park Inn by Radisson Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Suburban vs Park Inn by Radisson including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Suburban Franchise
Park Inn by Radisson Franchise
Investment $149,175 - $8,513,044$3,692,674 - $20,934,027
Franchise Fee $30,000$35,000
Royalty Fee 4%4.5%
Advertising Fee -2%
Year Founded 19861986
Year Franchised 19892000
Term Of Agreement 10 years15 Year
Term Of Agreement 10 years15 Year
Renewal Fee $30K or $225/room-


Business Experience Requirements
 
Suburban Franchise
Park Inn by Radisson Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Suburban Franchise
    Park Inn by Radisson Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Suburban Franchise
    Park Inn by Radisson Franchise
    Training -
    • Pre-Opening assistance includes: consultation services; hotel operations assistance; purchasing programs; standards manuals; training programs
    • Ongoing assistance includes: consultation services; purchasing, training and marketing programs; reservation system access; hotel inspections
    • Revenue optimization tools
    • Look To Book, an innovative, patented reward program for travel agents
    • A dedicated brand sales team
    • Social media expertise and support
    • Strategic alliance with the world's leading business travel management company, CWT
    • A dedicated field operations team
    • Dedicated revenue specialists
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op advertising, Ad slicks, Regional advertisingCo-op advertising, Ad slicks, National media, Regional advertising
    Operations 80% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 10

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    Number of employees needed to run franchised unit: 20 - 25

    Absentee ownership of franchise is allowed.

    Expansion Plans
     
    Suburban Franchise
    Park Inn by Radisson Franchise
    US Expansion YesYes
    Canada Expansion NoYes
    International Expansion NoYes

    Company Overviews

    About Suburban

    Suburban Extended Stay Hotel is Choice Hotels International's economy brand in one of the most desirable hotel segments today-extended stay. Suburban provides a simple solution for longer-term housing that's as pleasant as it is affordable. Value-conscious guests looking to stay for a day, a week, a month or longer enjoy just the right hotel amenities including well-equipped kitchens in all the rooms, weekly housekeeping, guest laundry, free cable TV and high speed Internet service. The flexible floor plan concept allows for conversions, easily adopting local market-driven design, guest room mix and suitable extended stay guest room features, along with an optional fitness center, meeting space or swimming pool.

    In 2015, Suburban brand hotels received an average of 63.6% of gross room revenue through the Choice Hotels Central Reservations System (CRS) and other Choice Hotels marketing channels.

    Suburban Extended Stay Hotel franchise is supported by a nationwide team of Area Directors (AD's) who provide local market assessments, pricing and rate structure support, and operational training. Dedicated, Extended Stay sales training provides the skills necessary to compete effectively in the local market. This support makes sure your hotel adheres to the extended stay business model for optimal performance.

    About Park Inn by Radisson

    Park Inn® by Radisson is a colorful and dynamic, upper midscale hotel brand aimed at tech savvy, youthful travelers who know what they want from a hotel stay and also seek value for money. Accessible and inclusive, the brand is friendly, positive, vibrant and uncomplicated, providing both business and leisure travelers with the affordable hotel experience they desire. From functional rooms to flexible meeting spaces, the guest experience is designed to be totally reliable and hassle-free. Ideal for conversions and new builds, Park Inn by Radisson is an energetic hotel brand with unexpected touches of iconic contemporary design. The hotels can be found in capital cities and economic hubs-often close to city centers, airports and railway stations. Our initial fees are $350/room, $35,000 minimum