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Updated RecentlyPark Inn by Radisson vs EVEN Hotels Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Park Inn by Radisson vs EVEN Hotels 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 | $16,697,959 - $24,459,635 |
| Franchise Fee | $35,000 | $75,000 |
| Royalty Fee | 4.5% | 5% |
| Advertising Fee | 2% | - |
| Year Founded | 1986 | 2012 |
| Year Franchised | 2000 | 2014 |
| 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 | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training |
| On-The-Job Training: Varies Classroom Training: Varies |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Ongoing Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates National Media SEO Website development Loyalty program/app |
| 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 | Yes |
| Canada Expansion | 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 EVEN Hotels
!["EVEN]("https://fddexchange.com/wp-content/uploads/2019/02/EVEN-Hotels.png")
- REST EASY: EVEN Hotels provides a signature sleep experience which includes Simmons Beautyrest Pillowtop Mattresses and colour LED mood lighting so guests can create a relaxing and calming environment to recharge and rejuvenate.
- KEEP ACTIVE: EVEN Hotels offers a variety of options for guests to stay active, physically or mentally with a best in class gym Active Studio and in-room fitness zone - whether guests have 15 minutes or an hour, EVEN Hotels provides multiple, easy access fitness options.
- EAT WELL: EVEN Hotels provides a variety of healthier to indulgent options for food and beverage to fuel up for day and options to unwind in the evening.
- ACCOMPLISH MORE: EVEN Hotels provides options to enable guests to maximize their productivity with an inviting public space or in the guestroom.