Are the terms and conditions for loans or guaranties for Atwell Suites franchisees negotiated on a case-by-case basis?
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,
Source: Item 10 — FINANCING (FDD page 75)
What This Means (2025 FDD)
The 2025 Atwell Suites Franchise Disclosure Document does not specify whether the terms and conditions for loans or guarantees are negotiated on a case-by-case basis. However, the document does state that Atwell Suites does not offer any formal program for direct or indirect financing. This suggests that franchisees are responsible for securing their own financing, and the terms of those financing arrangements would be between the franchisee and the lending institution.
Item 23 includes amendments to the Atwell Suites license agreement for franchisees in specific states such as Virginia, Washington, Minnesota, and Illinois. These amendments primarily address legal considerations related to franchise termination, franchisee rights, and dispute resolution within those states. While these amendments modify certain aspects of the standard license agreement to comply with state laws, they do not discuss the negotiation of loan or guarantee terms.
Item 4 of the FDD discusses the confidential operations manual, which contains details about operating an Atwell Suites hotel. It is possible that the operations manual contains information about financing or guarantees, but without access to the manual, it is impossible to determine if this is the case. Prospective franchisees should inquire directly with Atwell Suites about the availability of financing and the extent to which loan or guarantee terms are negotiable.