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Updated RecentlyRadisson RED vs Everhome Suites Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Radisson RED vs Everhome Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $7,180,738 - $33,494,350 | $10,108,350 - $12,101,869 |
| Franchise Fee | $75,000 | N/A |
| Royalty Fee | - | - |
| Advertising Fee | - | - |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Radisson RED
!["Radisson]("https://assets.radissonhotels.net/main/img/logos/rdr.svg")
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.
About Everhome Suites
!["Everhome]("https://fddexchange.com/wp-content/uploads/2020/03/Everhome-Suites.jpg")
Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:
- A successful area development model, which gives developers the freedom to grow in their desired market.
- Proprietary site-modeling tool to help developers select the right location for their hotel.
- Turnkey development support and flexible prototypes to bring projects to market quickly.
- An extremely competitive cost per key.
- Proven operating model that helps keep hotels easy and affordable to run.
- A brand that accommodates market needs.
The total investment necessary to begin operation of a 113-room newly
constructed Everhome Suites hotel franchise is between $10,108,350 and
$12,101,869. This includes an affiliation fee of $50,000 for properties
with 113 rooms or less, $300/per room for each additional room and $550
per room for transfers and renewals ($50,000 minimum); a property
management system software license and systems training fee of between
$10,750 and $14,750; and orientation and hospitality training fees of
$0 - $3,145 per person, all of which must be paid to the Franchisor or its
affiliates. These sums do not include the cost of purchasing or leasing
land or any real estate taxes.