Radisson Red

Hotels

Investment

$7,061,890

Initial Franchise Fee

$75,000

Units

10

Growth Rate

+66.7%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Lodging
Founded 2014
Franchising Since 2014
Parent Company Radisson Hotel Group, Americas
Leadership Jim Alderman, CEO
# of Employees at HQ 700

Units and Growth Chart

About Radisson Red

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.

Investment Details

Initial Franchise Fee $75,000
Initial Investment $7,061,890 - $32,804,335
Net Worth Requirement
Cash Requirement
Royalty Fee 5%
Ad Royalty Fee 2%
Technology Fee
Term of Agreement 20 years
Is Franchise Term Renewable? No
Financing N/A
Veterans Incentive N/A

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 50 hours
Classroom Training 50 hours

Ongoing Support

Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for 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
# of employees required to run 0
Are exclusive territories available? No

Ranking History

Radisson Red performance in the Franchise rankings over recent years

No data available at this time.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022