What is the range for the Opening Date Extension Fee for an Atwell Suites franchise, and when is it due?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
l Suites is $2,500. Prorated based on opening month. Additional travel expenses may apply. | Lump sum within 30 days of invoice by Holiday | SCH |
| (Column 1) Type of Expenditure | (Column 2) Amount | (Column 3) Method of payment and when due | (Column 4) | |
|---|---|---|---|---|
| To whom payment is to be made | ||||
| Opening Date Extension Fee (Note 10) | Up to $5,000 plus expenses | Lump sum within 30 days of invoice | SCH | |
| License and Permits & | As incurred | Local/State | ||
| Prepaid Expenses | Authorities, | |||
| (Note 12) | 3rd parties | |||
| Professional Fees | $384,000 to $869,000 | As incurred | 3rd parties | |
| (Note 13) | ||||
| Security |
Source: Item 7 — Estimated Initial Investment (FDD pages 56–65)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, an Opening Date Extension Fee may be charged if it is necessary to reschedule the hotel's opening date. This fee can be up to $5,000, plus any expenses Atwell Suites incurs in processing the extension request.
This fee is not automatically assessed; it is only applicable if the franchisee needs to postpone the hotel's opening. The franchisee must request the extension in writing, and Atwell Suites must approve the request in writing as well. This implies that the extension is not guaranteed and is subject to Atwell Suites' discretion.
The Opening Date Extension Fee is due as a lump sum payment within 30 days of the invoice date. This means that if an Atwell Suites franchisee needs to extend their opening date, they should be prepared to pay this fee promptly upon receiving the invoice to avoid any potential issues with the franchisor.