Le Meridien vs The Red Collection Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Le Meridien vs The Red Collection including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Le Meridien Franchise
The Red Collection Franchise
Investment $61,886,490 - $96,761,490$787,000 - $1,745,500
Franchise Fee N/A$30,000
Royalty Fee --
Advertising Fee --
Year Founded 19972017
Year Franchised 20052017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Le Meridien Franchise
The Red Collection Franchise
Experience --

Financing Options

 
Le Meridien Franchise
The Red Collection Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Le Meridien Franchise
The Red Collection Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Le Meridien Franchise
The Red Collection Franchise
US Expansion Yes-
Canada Expansion --
International Expansion Yes-

Company Overviews

About Le Meridien

"Le

Le Méridien, the Paris-born hotel brand currently represented by nearly 100 properties in more than 40 countries, was acquired by Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) in November 2005. With more than 80 of its properties located in Europe, Africa, the Middle East, and Asia-Pacific, Le Méridien provided a strong international complement to Starwood’s then primarily North American holdings at the time of purchase. Since then, Le Méridien has gone through a brand re-launch, which included a large scale hotels product consolidation as well as redefining its brand strategy. Through creation of the LM100 artist community, Le Méridien has transformed numerous guest touch points, thus bringing unique, interactive and curated experiences to its guests. Plans call for dynamic expansion of Le Méridien Hotels and Resorts , concentrating on markets in Asia-Pacific and the Americas.

The total investment necessary to begin operation of a newly-constructed Le Méridien hotel, excluding the cost of real estate and related costs (building permit, tap, and impact fees), ranges from $61,886,490 to $96,761,490 for a 250-guestroom hotel. This includes approximately $317,000 to
$399,000 that must be paid to the franchisor or an affiliate.


About The Red Collection

"The
Red Roof® properties, including The Red Collection, consistently outperform in the economy market and have some of the lowest fees in the industry.

Red Roof is expanding internationally to Brazil, Canada, Thailand, and Japan as well as across the U.S.A.

The total investment necessary to begin operation of a hotel participating in The Red Collection franchise for a 65-room conversion hotel ranges from $787,000 to $1,745,500. These amounts do not include the cost of land or rent for the hotel location but do include the approximately $57,500 to $62,000 that must be paid to the franchisor or affiliate.