For Atwell Suites, what is the payment due date after the invoice date?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Hotel shall pay the fees invoiced for payment within thirty (30) days after the date of the applicable invoice.
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For each month (or part of a month) during the License Term, Licensee will pay the fees set forth in this paragraph 3.B. to IHG, which shall be due to IHG by the "Due Date" (except as otherwise noted below including, without limitation, the Technology Services Fee which is payable monthly in advance). The term "Due Date" means the fifteenth (15th) day of the following month; but if the 15th day of the month falls on a weekend or bank holiday, then the Due Date shall be the next business day.
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Payment is due within 30 days after the date of the invoice and must refer to the invoice number.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, the payment due date depends on the specific service or fee being invoiced. For the Next-Gen Payments Solution, the hotel must pay the invoiced fees within thirty (30) days after the invoice date. Similarly, for invoices from IHG or an IHG Affiliate regarding taxes, penalties, or interest, the hotel is required to pay these amounts within thirty (30) days of the invoice date.
However, the standard franchise fees due to IHG are governed by a different schedule. These fees are due to IHG by the 15th day of the following month. If the 15th falls on a weekend or bank holiday, the due date shifts to the next business day. This means that the payment timing for standard franchise fees is not strictly 30 days from the invoice date but rather tied to a fixed day each month.
Additionally, for services provided by AT&T, payment is also due within 30 days after the invoice date. It is important for prospective Atwell Suites franchisees to note these varying payment terms to manage their cash flow effectively and avoid late payment penalties or service disruptions. Franchisees should clarify with Atwell Suites and its vendors to ensure they fully understand the payment terms for each type of fee or service.