Radisson RED vs My Place Hotels Franchise Comparison

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

Start-Up Costs and Fees

 
Radisson RED Franchise
My Place Hotels Franchise
Investment $7,180,738 - $33,494,350$4,108,050 - $5,709,950
Franchise Fee $75,000$30,000
Royalty Fee --
Advertising Fee --
Year Founded -2014
Year Franchised -2014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Radisson RED Franchise
My Place Hotels Franchise
Experience --

Financing Options

 
Radisson RED Franchise
My Place Hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Radisson RED Franchise
My Place Hotels Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

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

Company Overviews

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.



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.