voco hotels vs Radisson RED Franchise Comparison

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

Start-Up Costs and Fees
 
voco hotels Franchise
Radisson RED Franchise
Investment $15,963,880 - $46,738,600$7,180,738 - $33,494,350
Franchise Fee $75,000$75,000
Royalty Fee 0-
Advertising Fee 0-
Year Founded 2020-
Year Franchised 2020-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
voco hotels Franchise
Radisson RED Franchise
Experience --

Financing Options
 
voco hotels Franchise
Radisson RED Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
voco hotels Franchise
Radisson RED Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
voco hotels Franchise
Radisson RED Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

Company Overviews

About voco hotels

"voco

Drawing on their years of experience in delivering True Hospitality, voco Hotels, gives people a different choice.

The voco™ brand offers owners the ability to drive higher returns by delivering a distinctive, compelling, experiential consumer proposition and leveraging IHG's powerful resources.
voco is leading a trend towards conversions, which we’re seeing across the full breadth of our portfolio and accounted for a quarter of IHG’s signings overall in the first half of 2020



About Radisson RED

"Radisson

Fueled by art, music and fashion.
Radisson RED is a new hotel philosophy where lifestyle, not luxury, is the inspiration.
Its design is bold, alive and inspirational. It connects with an ageless mindset and sets expectations of an open, articulate and impeccably delivered lifestyle select experience.
Radisson RED's flexible service concept include staff that caters to the DIY attitude of our guests, and believe that hotels can enhance their world via art, music and fashion.