- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$10M - $52.3M
- Units as of 2021
-
190 16.6% over 3 years
In 1962, Radisson formed part of one of the largest hotel groups worldwide. Radisson hotels and resorts are available in dozens of countries and continue to spread their wings to other unchartered territories.
Radisson may offer meaningful, inspiring, and delightful experiences all around the globe in an effort to cement their place in the hospitality industry. Radisson’s philosophy is to thrive, remain sustainable, and develop business models that support everyone.
From the larger Radisson Hotel Group Americas, Radisson believes it has established itself as a people company. With extremely passionate colleagues, service delivery to their guests may be impeccable. Everyone involved is expected to be pragmatic, agile, responsive, and provide compelling brands to their owners and guests.
Radisson began franchising in 1983 and has since opened many locations in both the United States and internationally.
Why You May Want to Start a Radisson Franchise
Radisson may be a massive business entity. As such, potential Radisson franchisees should have substantial business aspirations. If you are dedicated and passionate about the hospitality industry, have enough capital to begin a Radisson franchise, and possess exceptional entrepreneurship skills, you may be invited to apply to be a franchisee.
Opening a Radisson franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
What Might Make a Radisson Franchise a Good Choice?
Being part of the Radisson franchise could allow you to access a dynamic business model. You also may benefit from plenty of investments in information technology and systems, commercial engine and operation efficiencies, and, above all, you become a part of one of the largest hotel groups in the world.
Whether you want to open a resort, suite, or hotel format that the franchise offers, there may not be a limit to how far you can go. This may be a good opportunity to benefit from the diverse options available in the hospitality industry.
To be part of the Radisson team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.
How to Open a Radisson Franchise
As you decide if opening a Radisson franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Radisson franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Franchisees could receive a great deal of support from the Radisson brand throughout the franchising process if awarded a franchise. In addition to pre-opening training, franchisees may receive support through brand awareness, marketing, research, and construction. Radisson franchisees could also receive hands-on training and continued support after opening their franchise location.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Radisson franchise.
Company Overview
About Radisson
Business Overview
| Franchising Since | 1983 (41 years) |
|---|---|
| # of employees at HQ | 700 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 190 (as of 2021) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Radisson franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$75,000 |
|---|---|
|
Initial Investment
|
$9,975,890 - $52,293,335 |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
20 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | Varies |
|---|---|
| Classroom Training | 44-62+ hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Radisson landed on this year's Franchise 500 Ranking versus previous years.
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