Park Inn FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the right to operate a hotel that provides lodging services to the public under the names ‘Park Inn” or “Park Inn by Radisson” or “Park Inn by Radisson Residences”.
Corporate Information
Park Hospitality LLC is a Delaware limited liability company organized on June 12, 2000. They are located at 701 Carlson Parkway, Minneapolis, Minnesota 55305. They have offered franchises since August 2000. They are a wholly-owned indirect subsidiary of Radisson Hospitality, Inc. (formerly known as Carlson Hotels, Inc.), a Minnesota corporation. Radisson Hospitality is an indirect subsidiary of Aplite Holdings AB, organized under the laws of Sweden, which is a majority-owned indirect subsidiary of Jinjiang International Holdings Co., Ltd., organized under the laws of the People’s Republic of China (“Jinjiang”), which is wholly-owned by the Shanghai State-Owned Assets upervision and Administration Commission, an agency of the People’s Republic of China (“SSASAC”).
Investment
The total investment necessary to begin operation of a Park Inn Hotel, with no more than 125 rooms but with food and beverage, ranges from $3,692,674 to $20,934,027 but excludes the cost of real estate. This includes $85,869 to $302,069 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a Park Inn Residences Hotel, with no more than 125 rooms but with food and beverage, ranges from $3,942,674 to $20,934,027 but excludes the cost of real estate. This includes $85,869 to $302,069 that must be paid to the franchisor or its affiliates.
