Start a Radisson Franchise in 2024

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

Industry	Lodging
Related Categories	Hotels & Motels
Founded	1962
Parent Company	Radisson Hotel Group Americas
Leadership	Jim Alderman, CEO
Corporate Address	701 Carlson Pkwy., #300, MS 4001 Minnetonka, MN 55305
Social	Facebook, Twitter, LinkedIn, Instagram

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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$75,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$9,975,890 - $52,293,335
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No