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Below is an in-depth analysis and side-by-side comparison of Days Inns Worldwide vs Park Inn by Radisson including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $231,156 - $5,794,510 | $3,692,674 - $20,934,027 |
Franchise Fee | $35,000 - $38,000 | $35,000 |
Royalty Fee | 5.5% | 4.5% |
Advertising Fee | 3.8% | 2% |
Year Founded | 1970 | 1986 |
Year Franchised | 1972 | 2000 |
Term Of Agreement | 15-20 years | 15 Year |
Term Of Agreement | 15-20 years | 15 Year |
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 | No/No | No/No |
Start-up Costs | Yes/No | No/No |
Equipment | Yes/No | No/No |
Inventory | Yes/No | No/No |
Receivables | Yes/No | No/No |
Payroll | Yes/No | No/No |
Training & Support |
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Training | Regional workshops |
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Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, National media, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
Operations |
International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. |
Number of employees needed to run franchised unit: 20 - 25
Absentee ownership of franchise is allowed. |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | Yes |
Cecil B. Day opened his first lodging in Tybee Island, Georgia, in 1970. From that point forward, Days Inns Worldwide has developed into a system of about 2,000 diversified inns all through the U.S. what's more, around the world, including a few inns that offer free breakfast and permit pets in select rooms.
Days Inn Worldwide is a piece of the Wyndham Worldwide group of lodgings which additionally incorporates Baymont Inns and Suites, Hawthorn Suites, Howard Johnson Int'l., Knights Franchise Systems, Microtel Inns and Suites, Ramada Worldwide, Super 8, Travelodge Hotels, Wingate by Wyndham, and Wyndham Hotels and Resorts.
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