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Updated RecentlyPark Inn by Radisson vs Red Carpet Inn Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Park Inn by Radisson vs Red Carpet Inn including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $3,692,674 - $20,934,027 | $133,600 - $2,602,000 |
| Franchise Fee | $35,000 | $6,000 - $16,000 |
| Royalty Fee | 4.5% | 3% |
| Advertising Fee | 2% | 2.5% |
| Year Founded | 1986 | 1982 |
| Year Franchised | 2000 | 1982 |
| Term Of Agreement | 15 Year | - |
| Term Of Agreement | 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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training |
| - |
| 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 | Hospitality International's Marketing Team works in concert with the Franchise Development Team for the purpose of finding new resources to attract new guests and to retain the current guest base of our franchised locations. In addition, the two teams collaborate to discover creative and cost effective ways to promote Hospitality International's five brands to encourage brand recognition and loyalty. Increasing Reservations is a key component of the Marketing Department's responsibility. Therefore, Corporate Discount Programs, Advertising and E-commerce efforts all combine to support and enhance our Reservation Services. Local Marketing efforts and Training opportunities are discussed in the Support & Benefits section of this site. Logos divider |
| Operations |
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 | Yes | - |
| International Expansion | 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 Red Carpet Inn
The Red Carpet Inn brand has been a stable entity in the lodging industry since 1968. Locations include limited and full-service facilities in the economy to mid-level price ranges.