What is the full name of the Americas Best Value Inn franchise agreement?
Americas_Best_Value_Inn Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS COLLATERAL ASSIGNMENT | ("Assignment") is entered into and made effective as of as of |
|---|---|
| the Effective Date of the Franchise Agreement, in accordance with the terms of the Franchise Agreement | |
| ("Franchise Agreement") between SONESTA RL HOTELS FRANCHISING INC. | ("Franchisor"), and ("Franchisee"), executed concurrently with this Assignment, under which |
| Franchisor granted Franchisee the right to own and operate an Americas | Best Value Inn hotel ("Franchised |
| Business") located at | ("Hotel Premises"). |
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to the 2025 Americas Best Value Inn Franchise Disclosure Document, the agreement in reference is simply called the "Franchise Agreement".
Several exhibits are attached to the Franchise Agreement, such as Exhibit A, which pertains to franchisee-specific information like ownership details, addresses, and the approved number of guest rooms. Other exhibits include the Collateral Assignment of Online Presences (Exhibit B), the Initial Fee Promissory Note (Exhibit C-1), and various other documents related to financial statements, franchisee lists, and state addenda.
Several sections of the FDD refer back to the Franchise Agreement, indicating its central role in defining the relationship between the franchisee and Sonesta RL Hotels Franchising Inc. Riders may be added to the franchise agreement to address specific situations such as converting an existing hotel or constructing a new hotel. These riders become part of the Franchise Agreement and incorporate its terms by reference.