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Updated RecentlyPark Inn by Radisson Franchise
Hotels
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
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How much does it cost to open a Park Inn by Radisson Franchise?
The investment required to open a Park Inn by Radisson Franchise is between $3,692,674-$20,934,027. There is an initial franchise fee of $35,000 which grants you the license to run a business under the Park Inn by Radisson name.
Individual Unit Costs
- Initial Investment:
$3,692,674-$20,934,027 - Initial Franchise Fee:
$35,000 - Royalty Fee:
4.5% - Advertising Fee:
2% - Term of Agreement:
15 Year
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Park Inn by Radisson News & Press Releases
When did Park Inn by Radisson start Franchising? 2000
United States: Nationwide
International: Worldwide
Canada: Nationwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
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 cooperatives
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
Number of employees needed to run franchised unit: 20 - 25
Absentee ownership of franchise is allowed.
To calculate how much income a franchise owner can do at Park Inn by Radisson Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Legal Disclaimer: This information is not a franchise offering for Park Inn by Radisson and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Park Inn by Radisson franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Park Inn by Radisson
Park Inn by Radisson
701 Carlson Parkway
MS8254
Minneapolis,
MN
55305