Start-Up Costs and Fees |
||
| Red Carpet Inn | Park Plaza Hotels and Resorts | |
| Investment | 133600 - 2602000 | 187500 - 1200000 |
| Franchise Fee | ||
| Royalty Fee | 3% | 5% |
| Advertising Fee | 2.50% | |
| Year Founded | 1982 | 1986 |
| Year Franchised | 1982 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Red Carpet Inn | Park Plaza Hotels and Resorts | |
| Experience | ||
Financing Options |
||
| Red Carpet Inn | Park Plaza Hotels and Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Red Carpet Inn | Park Plaza Hotels and Resorts | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | 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 | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Red Carpet Inn | Park Plaza Hotels and Resorts | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Franchise Fee | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Royalty Fee | |
| Red Carpet Inn | 3% |
| Park Plaza Hotels and Resorts | 5% |
| Advertising Fee | |
| Red Carpet Inn | 2.50% |
| Park Plaza Hotels and Resorts | |
| Year Founded | |
| Red Carpet Inn | 1982 |
| Park Plaza Hotels and Resorts | 1986 |
| Year Franchised | |
| Red Carpet Inn | 1982 |
| Park Plaza Hotels and Resorts | 1993 |
| Term Of Agreement | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | 15 years |
| Renewal Fee | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
Business Experience Requirements |
|
| Experience | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
Financing Options |
|
| Franchise Fees | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Start-up Costs | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Equipment | |
| Red Carpet Inn} | |
| Park Plaza Hotels and Resorts | |
| Inventory | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Receivables | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Payroll | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
Training & Support |
|
| Training | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Support | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| 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 |
| Park Plaza Hotels and Resorts | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |
| Canada Expansion | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | 0 |
| International Expansion | |
| Red Carpet Inn | |
| Park Plaza Hotels and Resorts | |