WoodSpring Suites vs Radisson RED Franchise Comparison

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

Start-Up Costs and Fees

 
WoodSpring Suites Franchise
Radisson RED Franchise
Investment $5,035,000 - $7,031,000$7,180,738 - $33,494,350
Franchise Fee $50,000$75,000
Royalty Fee 5%-
Advertising Fee 2.5%-
Year Founded 2003-
Year Franchised 2004-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
WoodSpring Suites Franchise
Radisson RED Franchise
Experience --

Financing Options

 
WoodSpring Suites Franchise
Radisson RED Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support

 
WoodSpring Suites Franchise
Radisson RED Franchise
Training On-The-Job Training: Upon request Classroom Training: Varies -
Support Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations -
Marketing --
Operations --

Expansion Plans

 
WoodSpring Suites Franchise
Radisson RED Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About WoodSpring Suites

WoodSpring® is the fastest growing brand in the economy extended stay segment.

Designed with purpose to offer exactly what the extended stay guest needs, we’ve stripped away the unnecessary extras and infused form, function and beauty into what’s left. The result for owners is a brand that’s tightly optimized to help enable profitability.
  • Cost-effective prototype, designed to be built in less than 12 months
  • Proven, lean operating model that enables maximum efficiency for owners
  • Proprietary vendor relationships and hands-on support enable expedited openings
  • Dedicated, extended stay national sales team

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#40 on Franchise Rankings.com


About Radisson RED

"Radisson

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.