Can SCH furnish loans to Atwell Suites licensees?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Holiday does not offer any formal program for direct or indirect financing. Holiday, SCH or its affiliate, General Innkeeping Acceptance Corporation ("GIAC") may furnish loans or guaranties to licensees. Holiday, SCH and GIAC consider making loans or guaranties under terms and conditions that would be negotiated on a case -by -case basis with the prospective licensee and any decision to make a loan or provide a guaranty would be made in the judgment of Holiday, SCH or GIAC alone, and conditioned upon approval of the Executive Committee and Board of Directors. It is your responsibility alone to obtain adequate financing for all expenses related to the development, opening and operation of the hotel.
Source: Item 10 — FINANCING (FDD page 75)
What This Means (2025 FDD)
According to the 2025 Atwell Suites FDD, Six Continents Hotels, Inc. (SCH) or its affiliate, General Innkeeping Acceptance Corporation (GIAC), may provide loans or guaranties to Atwell Suites licensees. However, Atwell Suites does not offer any formal program for direct or indirect financing.
The decision to provide a loan or guaranty is made on a case-by-case basis, subject to the judgment of Holiday (the entity granting the license), SCH, or GIAC. These decisions are further conditioned upon approval from the Executive Committee and Board of Directors.
The FDD emphasizes that securing adequate financing for the development, opening, and operation of the Atwell Suites hotel is solely the franchisee's responsibility. This indicates that while financing options may be available through SCH or GIAC, they are not guaranteed and should not be relied upon as a primary source of funding.