Radisson Red
Hotels- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$7.1M - $32.8M
- Units as of 2021
-
10 66.7% over 3 years
Here’s what you need to know if you’re interested in opening a Radisson Red franchise.
When traveling for business or pleasure, guests are always seeking thrilling and unforgettable experiences. Radisson Red attempts to transform the hotel experience into a brand with stand-out service at every destination.
Founded in 2014 by Carlson Rezidor, Radisson Red set off to put a playful twist to the hotel guest's experience. As a hotel brand, Radisson Red aims to become the buzzing heart of every destination, promising 'Instagrammable' adventures with every visit.
Radisson Red is looking to add franchisees in both the United States and abroad. Canada, Central, America, Mexico, and South America may be solid places with which to open a Radisson Red franchise.
At Radisson Red, 'Yes I Can!' is not just a motto they follow with judicial efficiency, but a target that challenges them to deliver the most exemplary service to every guest.
Why You May Want To Start a Radisson Red Franchise
If you are looking to spread your wings in the hospitality services industry, opening a Radisson Red franchise could be an excellent opportunity for you. Franchisees at Radisson Red should have a spirit of adventure, entrepreneurship, and a keen eye for new opportunities.
Radisson Red follows the "Red Way," a philosophy that emphasizes that the 'ordinary' should always pave the way for the 'different.' To match up with changing market needs, Radisson Red seeks franchisees with excellent customer service skills who can effectively connect with customers.
What Might Make a Radisson Red Franchise a Good Choice?
Radisson Red may be famous for its unique appeal as a place where the atmosphere is positive, upbeat, and relaxed. At Radisson Red, everything from the traditional hotel setup may have been uprooted and redesigned. Radisson Red franchisees may be responsible for creating pleasant and casual spaces with styles that reflect the local cultures of guest destinations.
Opening a Radisson Red may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry. The Radisson Red brand is ready to prepare franchisees with strategies to succeed in a crowded and competitive industry.
How To Open a Radisson Red Franchise
To be part of the Radisson Red 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 fees and royalty fees.
Before making any financial commitment or signing an agreement with Radisson Red, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Radisson Red franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the Radisson Red brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their facilities have opened.
Company Overview
About Radisson Red
- Industry
- Lodging
- Related Categories
- Hotels & Motels
- Founded
- 2014
- Parent Company
- Radisson Hotel Group, Americas
- Leadership
- Jim Alderman, CEO
Franchising Overview
- Franchising Since
- 2014 (8 years)
- # of employees at HQ
- 700
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Central America, Canada, South America, Mexico
- # of Units
- 10 (as of 2021)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Radisson Red 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
- $7,061,890 - $32,804,335
- Royalty Fee
- 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
- 50 hours
- Classroom Training
- 50 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField Operations
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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
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