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Updated RecentlyEcono Lodge vs Radisson RED Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Econo Lodge vs Radisson RED including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $208,275 - $938,645 | $7,180,738 - $33,494,350 |
| Franchise Fee | $25,000 | $75,000 |
| Royalty Fee | 4.5% | - |
| Advertising Fee | 3.5% | - |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Econo Lodge
Econo Lodge hotels provide a great stay and a great value for business and leisure travelers.
Free wireless hotspots
Complimentary Breakfast by Econo Lodge
Free USA Today weekdays.
The total investment necessary to convert an existing hotel and begin
operation of a 63-room ECONO LODGE hotel franchise is between $208,275
and $938,645. This includes an affiliation fee of $250 per room for new
franchises, $500 per room for transfers and renewals ($25,000 minimum
for new franchises, $30,000 for transfers and renewals); a brand
activation fee of approximately $8,000 to $17,000; and orientation and
hospitality training fees of between $0 and $3,145 per person, all of
which are paid to the Franchisor or its affiliates. These sums do not
include the cost of any real estate taxes.
About Radisson RED
!["Radisson]("https://assets.radissonhotels.net/main/img/logos/rdr.svg")
Fueled by art, music and fashion.
Radisson RED is a new hotel philosophy where lifestyle, not luxury, is the inspiration.
Its design is bold, alive and inspirational. It connects with an ageless
mindset and sets expectations of an open, articulate and impeccably
delivered lifestyle select experience.
Radisson RED's flexible service concept include staff that caters to the DIY attitude
of our guests, and believe that hotels can enhance their world via art,
music and fashion.