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Promoted Opportunities
Initial Investment
LOW: $3,181,100
HIGH: $9,873,100
Change in Units
+6.1% +9 UNITS (1 Year)
-63.1% -267 UNITS (3 Years)
Company Profile
Founded
1962
Franchising Since
1983 (34 Years)
Corporate Address
701 Carlson Pkwy., MS8254 Minnetonka, MN 55305
CEO
David Berg
Parent Company
Carlson Rezidor Hotel Group
About Radisson
The first Radisson Hotel, named after 17th-center French explorer Pierre-Esprit Radisson, was opened in Minneapolis, Minnesota, in 1909. It was purchased in 1962 by Curt Carlson. Today the chain has locations in over 70 countries around the world. It remains a part of the Carlson hotel group, which also franchises Park Inn by Radisson, Park Plaza and Country Inns & Suites by Carlson.
Financials
Financial Requirements
Initial Investment
$3,181,100 - $9,873,100
Ongoing Fees
Initial Franchise Fee
$75,000 - $75,000
Ongoing Royalty Fee
5%
Ad Royalty Fee
2%
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
Operations & Franchisor Support
Training Onsite: varies
Training at headquarters: 4 days
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media
Absentee Ownership Allowed
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Disclaimer
The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 23rd, 2016
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