Start-Up Costs and Fees |
||
| Park Plaza Hotels and Resorts | Red Carpet Inn | |
| Investment | 187500 - 1200000 | 133600 - 2602000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 3% |
| Advertising Fee | 2.50% | |
| Year Founded | 1986 | 1982 |
| Year Franchised | 1993 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Park Plaza Hotels and Resorts | Red Carpet Inn | |
| Experience | ||
Financing Options |
||
| Park Plaza Hotels and Resorts | Red Carpet Inn | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Park Plaza Hotels and Resorts | Red Carpet Inn | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Hospitality International's Marketing Team works in concert with the Franchise Development Team for the purpose of finding new resources to attract new guests and to retain the current guest base of our franchised locations. In addition, the two teams collaborate to discover creative and cost effective ways to promote Hospitality International's five brands to encourage brand recognition and loyalty. Increasing Reservations is a key component of the Marketing Department's responsibility. Therefore, Corporate Discount Programs, Advertising and E-commerce efforts all combine to support and enhance our Reservation Services. Local Marketing efforts and Training opportunities are discussed in the Support & Benefits section of this site. Logos divider |
| Operations | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Park Plaza Hotels and Resorts | Red Carpet Inn | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Franchise Fee | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Royalty Fee | |
| Park Plaza Hotels and Resorts | 5% |
| Red Carpet Inn | 3% |
| Advertising Fee | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | 2.50% |
| Year Founded | |
| Park Plaza Hotels and Resorts | 1986 |
| Red Carpet Inn | 1982 |
| Year Franchised | |
| Park Plaza Hotels and Resorts | 1993 |
| Red Carpet Inn | 1982 |
| Term Of Agreement | |
| Park Plaza Hotels and Resorts | 15 years |
| Red Carpet Inn | |
| Renewal Fee | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
Business Experience Requirements |
|
| Experience | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
Financing Options |
|
| Franchise Fees | |
| Park Plaza Hotels and Resorts | No |
| Red Carpet Inn | No |
| Start-up Costs | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Equipment | |
| Park Plaza Hotels and Resorts} | |
| Red Carpet Inn | |
| Inventory | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Receivables | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Payroll | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
Training & Support |
|
| Training | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Support | |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Red Carpet Inn | |
| Marketing | |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| Red Carpet Inn | Hospitality International's Marketing Team works in concert with the Franchise Development Team for the purpose of finding new resources to attract new guests and to retain the current guest base of our franchised locations. In addition, the two teams collaborate to discover creative and cost effective ways to promote Hospitality International's five brands to encourage brand recognition and loyalty. Increasing Reservations is a key component of the Marketing Department's responsibility. Therefore, Corporate Discount Programs, Advertising and E-commerce efforts all combine to support and enhance our Reservation Services. Local Marketing efforts and Training opportunities are discussed in the Support & Benefits section of this site. Logos divider |
| Operations | |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
| Red Carpet Inn | |
Expansion Plans |
|
| US Expansion | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |
| Canada Expansion | |
| Park Plaza Hotels and Resorts | 0 |
| Red Carpet Inn | |
| International Expansion | |
| Park Plaza Hotels and Resorts | |
| Red Carpet Inn | |