How will the Construction Work Completion Date be specified for an Americas Best Value Inn?
Americas_Best_Value_Inn Franchise · 2025 FDDAnswer from 2025 FDD Document
the Construction Work is completed. For purposes of this Section, Force Majeure Events do not include your own financial inability, inability to obtain financing, inability to obtain permits or any other events unique to you or your Hotel. Notwithstanding any Force Majeure Event, or any other matter, the Construction Work must be completed and your Hotel must be furnished, equipped, and comply with the Franchise Agreement and the Brand Standards no later than the date specified by us in writing (the "Construction Work Completion Date"). If you want to request an extension of the Construction Work Completion Date, you must submit to us a written request prior to such date; if we approve the extension request, we will provide you a written notice of approval, which notice will set the new Construction Work Completion Date. You will notify us in writing upon your completion of the Construction Work. We will have the sole right to determine whether the Construction Work has been completed in accordance with the Franchise Agreement and the Brand Standards.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to the 2025 Americas Best Value Inn Franchise Disclosure Document, the Construction Work Completion Date, which is the date by which the construction work must be completed and the hotel furnished and equipped, will be specified in writing by Americas Best Value Inn.
If a franchisee needs to request an extension of this date, they must submit a written request to Americas Best Value Inn before the specified completion date. If Americas Best Value Inn approves the extension, they will provide a written notice that sets a new Construction Work Completion Date.
Failure to complete the construction work by the Construction Work Completion Date is considered a default under Section 13 of the Franchise Agreement. The franchisee must also complete construction and open for business within 12 months of breaking ground, and no later than 24 months from the Effective Date of the agreement, unless a different date is specified in Exhibit A of the Franchise Agreement.