Homewood Suites by Hilton vs Park Inn by Radisson Franchise Comparison

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

Start-Up Costs and Fees
 
Homewood Suites by Hilton Franchise
Park Inn by Radisson Franchise
Investment $12,337,700 - $25,972,000$3,692,674 - $20,934,027
Franchise Fee $75,000$35,000
Royalty Fee 3.5% - 5.5%4.5%
Advertising Fee 3.5%2%
Year Founded 19881986
Year Franchised 19882000
Term Of Agreement 20 years15 Year
Term Of Agreement 20 years15 Year
Renewal Fee Same as initial fee-


Business Experience Requirements
 
Homewood Suites by Hilton Franchise
Park Inn by Radisson Franchise
Experience
  • Industry experience
  • General business experience
    		• -

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

    Training & Support
     
    Homewood Suites by Hilton Franchise
    Park Inn by Radisson Franchise
    Training Classroom Training: 141-148 hours Additional Training: At Memphis, TN, corporate office
    • 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/appCo-op advertising, Ad slicks, National media, Regional advertising
    Operations

    Number of employees needed to run franchised unit: 25

    Absentee ownership of franchise is allowed.

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

    Absentee ownership of franchise is allowed.

    Expansion Plans
     
    Homewood Suites by Hilton Franchise
    Park Inn by Radisson Franchise
    US Expansion -Yes
    Canada Expansion NoYes
    International Expansion YesYes

    Company Overviews

    About Homewood Suites by Hilton

    Make Yourself At Home. Investing in Homewood Suites by Hilton gives you the opportunity to capture your own piece of one of the fastest-growing segments in the hotel industry. When you develop with us, you get the upscale position in the extended-stay market backed by the power of the Hilton name.
    When you develop a Homewood, you're not just developing a hotel, but a relationship with the entire Hilton Family of Hotels. Advantages like our friendly corporate staff, central reservations system and award-winning Hilton HHonors guest reward program make this a brand you'll want to stay with for a long time.

    Franchisor is seeking new franchise units throughout the U.S. , Canada and Mexico    

    Veteran Incentives  Varies
    "Entrepreneur
    #133 in Franchise 500 for 2020.
    #122 in Franchise 500 for 2021.


    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