Radisson vs My Place Hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Radisson vs My Place Hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Radisson Franchise
My Place Hotels Franchise
Investment $13,942,060 - $65,080,705$4,108,050 - $5,709,950
Franchise Fee $75,000$30,000
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 19622014
Year Franchised 19832014
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Radisson Franchise
My Place Hotels Franchise
Experience --

Financing Options
 
Radisson Franchise
My Place Hotels Franchise
  In-House/3rd PartyIn-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
 
Radisson Franchise
My Place Hotels Franchise
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
-
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-
Operations

Absentee ownership of franchise is allowed.

-

Expansion Plans
 
Radisson Franchise
My Place Hotels Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion Yes-

Company Overviews

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



About My Place Hotels

"My

Launched in 2014, My Place Hotels is America’s foremost extended stay hotel chain. The brand was founded on the principles of delivering superior quality and the highest customer service for our guests, while at the same time, providing our franchisees with a uniquely effective business model.

At My Place Hotels, ensuring the safety and security of our guests and hotel associates remains our highest priority. To build upon that commitment, we have launched a program to enhance already high standards for the long-term health and safety of our guests and team members.