Park Inn by Radisson

Park Inn by Radisson

Hotels
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$2.7M - $15.3M
Units as of 2021
142 7.2% over 3 years

Company Overview

Park Inn by Radisson hotels can be found primarily in Europe, Africa and the Middle East, as well as North America. The mid-market hotel brand began franchising in 1993, and was acquired by Carlson Hotels in 2000.

About Park Inn by Radisson

Industry
Lodging
Related Categories
Hotels & Motels
Founded
1986
Parent Company
Radisson Hotel Group, Americas
Leadership
Jim Alderman, CEO

Franchising Overview

Franchising Since
1993 (28 years)
# of employees at HQ
700
Where seeking

This company is seeking new franchisees worldwide.

This company is seeking new franchisees in the following international regions: Central America, Canada, South America, Mexico

# of Units
142 (as of 2021)

Franchisor Information

Corporate Address
701 Carlson Pkwy., #300, MS 4001
Minnetonka, MN 55305

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Park Inn by 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
$35,000
Initial Investment
$2,662,774 - $15,317,727
Royalty Fee
4.5%
Ad Royalty Fee
2%
Term of Agreement
20 years
Is franchise term renewable?
No

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
47-65 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?
No
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 Park Inn by Radisson landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021