Park Inn by Radisson vs Radisson Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Park Inn by Radisson vs Radisson including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
| Investment |
$3,692,674 - $20,934,027 | $13,942,060 - $65,080,705 |
| Franchise Fee |
$35,000 | $75,000 |
| Royalty Fee |
4.5% | 5% |
| Advertising Fee |
2% | 2% |
| Year Founded |
1986 | 1962 |
| Year Franchised |
2000 | 1983 |
| Term Of Agreement |
15 Year | 20 years |
| Term Of Agreement |
15 Year | 20 years |
| Renewal Fee |
- | - |
Business Experience Requirements |
| Experience |
- | - |
Financing Options |
| |
In-House/3rd Party | In-House/3rd Party |
| Franchise Fees |
No/No | No/No |
| Start-up Costs |
No/No | No/No |
| Equipment |
No/No | No/No |
| Inventory |
No/No | No/No |
| Receivables |
No/No | No/No |
| Payroll |
No/No | No/No |
Training & Support |
| 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
|
- 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 | 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 | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations |
Number of employees needed to run franchised unit: 20
- 25
Absentee ownership of franchise is allowed. |
Absentee ownership of franchise is allowed. |
Expansion Plans |
| US Expansion |
Yes | Yes |
| Canada Expansion |
Yes | Yes |
| International Expansion |
Yes | Yes |
Company Overviews
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
About Radisson
Radisson is one of the world's leading global hotel brands. It delivers vibrant, contemporary and engaging hospitality that is characterized by its unique Yes I Can!SM service philosophy. Radisson hotels are first-class, full-service hotels that offer a range of "World of Radisson" services and amenities that have been created specifically to be empathetic to the challenges of modern travel, including its 100% Guest Satisfaction Guarantee.
Radisson is modern in outlook, socially responsible and service-driven. At its very heart, Radisson is a brand of true hoteliers who understand modern day travel, the complexities of life on the move and the solutions hotels must offer-no matter where in the world they may be. Radisson is committed to building meaningful, personal relationships and has a passion for Yes I Can! hospitality.
Radisson hotels are conveniently situated in major urban and suburban settings, in resort destinations, business districts and airport gateways.
Radisson can be found in the places guest need us the most - near airports, city centers and resorts. Current locations can be found in the Americas and Asia Pacific with plans in motion to expand even further throughout the world.
Tiered Branding
Radisson is a two-tiered brand offering a choice of an upper upscale hospitality experience at our Radisson Blu hotels or an upscale experience at our Radisson hotels.
Radisson Blu flagship properties can be found globally in prime locations, including major cities, airport gateways and leisure destinations around the world.
Look for upscale Radisson hotels in major urban and suburban locations, as well as near airports and business districts around the world.
As of Year End 2018, Radisson has 217 hotels operating throughout the world with 38,940 rooms
and 104 hotels in the development pipeline with an additional 23,745 rooms.
Our initial Fee $500/room, $75,000 minimum
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