Baymont_Inn_Suites 2025 Franchise FAQ - FDD Ninja

Question 1

According to the Baymont Inn Suites FDD, what is the average range of experience that the learning team staff has with WHR, its predecessors, the Lodging Affiliates, and the franchisor?

Accepted Answer

Notes: The hospitality industry experience of the learning team staff ranges from 28 to 46 years, with an average (mean) of 34 years. Their experience with WHR, its predecessors, the Lodging Affiliates, and us ranges from 2 to 38 years, with an average (mean) of 19 years.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 61–74)

Question 2

According to Item 22, what is the total number of Baymont Inn Suites franchise agreements signed but outlets not yet opened?

Accepted Answer

| State* |  | Franchise | Projected New Franchised Outlets in the Next Fiscal Year |  | Projected New |
|---|---|---|---|---|---|
|  |  | Agreements Signed but Outlets Not Opened |  |  | Company-Owned Outlets in the Next Fiscal Year |
| TN | 0 |  | 1 | 0 |  |
| TX | 9 |  | 4 | 0 |  |
| VA | 1 |  | 2 | 0 |  |
| WA | 0 |  | 1 | 0 |  |
| WV | 2 |  | 1 | 0 |  |
| Total | 41 |  | 41 | 0 |  |

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 3

What is the difference in the total number of Baymont Inn Suites franchise transfers between 2022 and 2023?

Accepted Answer

| State | Year | Number of Transfers |
|---|---|---|
| Total | 2022 | 48 |
|  | 2023 | 28 |
|  | 2024 | 28 |

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION1 (FDD pages 88–96)

Question 4

How many total Baymont Inn Suites Chain Facilities were there in the United States and Canada as of December 31, 2024?

Accepted Answer

The table below sets forth the average and median ADR, Occupancy Rate, and RevPAR for Qualified Chain Facilities for the period from January 1, 2024 through December 31, 2024. "Qualified Chain Facilities" means those Chain Facilities in the United States and Canada that opened before January 1, 2023, achieved a "Comparable Social Review Score3 " but excluding those yet to receive a quality assurance inspection prior to December 31, 2024. The total number of Chain Facilities in the United States and Canada as of December 31, 2024 was 555. Of those 555 Chain Facilities, 265 were Qualified Chain Facilities.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 85–88)

Question 5

What was the total amount of accrued expenses for Baymont Inn Suites in the earlier period shown in the table?

Accepted Answer

(a) For 2024 and 2023, the Hotel Franchising segment includes the former Hotel Management segment, which is primarily comprised of the Company's remaining international full-service managed business.

*Capitalized Contract Costs*

The Company incurs certain direct and incremental sales commissions costs in order to obtain hotel franchise contracts. Such costs are capitalized and subsequently amortized, beginning upon hotel opening, over the first non-cancellable period of the agreement. In the event an agreement is terminated prior to the end of the first noncancellable period, any unamortized cost is immediately expensed. In addition, the Company also capitalizes costs associated with the sale and installation of property management systems to its franchisees, which are amortized over the remaining non-cancellable period of the franchise agreement. As of December 31, 2024 and 2023, capitalized contract costs were $76 million and $68 million, respectively, of which $5 million and $4 million, respectively, were included in other current assets, and $71 million and $64 million, respectively, were included in other non-current assets on the Company's Consolidated Balance Sheets.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 6

What was the total number of Baymont Inn Suites franchise transfers across all states in 2022?

Accepted Answer

| State | Year | Number of Transfers |
|---|---|---|
| AL | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 0 |
| AR | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 0 |
| CA | 2022 | 0 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| CO | 2022 | 2 |
|  | 2023 | 0 |
|  | 2024 | 0 |
| FL | 2022 | 4 |
|  | 2023 | 2 |
|  | 2024 | 2 |
| GA | 2022 | 3 |
|  | 2023 | 2 |
|  | 2024 | 3 |
| IL | 2022 | 1 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| IN | 2022 | 6 |
|  | 2023 | 1 |
|  | 2024 | 2 |
| IA | 2022 | 2 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| KS | 2022 | 1 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| KY | 2022 | 2 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| MI | 2022 | 2 |
|  | 2023 | 3 |
|  | 2024 | 2 |
| MN | 2022 | 1 |
| State | Year | Number of Transfers |
|---|---|---|
|  | 2023 | 0 |
|  | 2024 | 0 |
| MS | 2022 | 2 |
|  | 2023 | 0 |
|  | 2024 | 3 |
| MO | 2022 | 0 |
|  | 2023 | 1 |
|  | 2024 | 3 |
| MT | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| NY | 2022 | 1 |
|  | 2023 | 0 |
|  | 2024 | 0 |
| NC | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 0 |
| ND | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 2 |
| OH | 2022 | 3 |
|  | 2023 | 2 |
|  | 2024 | 2 |
| OK | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| PA | 2022 | 0 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| SC | 2022 | 3 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| SD | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 1 |
| State | Year | Number of Transfers |
|---|---|---|
| TN | 2022 | 3 |
|  | 2023 | 1 |
|  | 2024 | 2 |
| TX | 2022 | 8 |
|  | 2023 | 1 |
|  | 2024 | 1 |
| WI | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 1 |
| Total | 2022 | 48 |
|  | 2023 | 28 |
|  | 2024 | 28 |

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION1 (FDD pages 88–96)

Question 7

What is the total number of Baymont Inn Suites outlet transfers that occurred in 2023?

Accepted Answer

| State | Year | Number of Transfers |
|---|---|---|
| AL | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 0 |
| AR | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 0 |
| CA | 2022 | 0 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| CO | 2022 | 2 |
|  | 2023 | 0 |
|  | 2024 | 0 |
| FL | 2022 | 4 |
|  | 2023 | 2 |
|  | 2024 | 2 |
| GA | 2022 | 3 |
|  | 2023 | 2 |
|  | 2024 | 3 |
| IL | 2022 | 1 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| IN | 2022 | 6 |
|  | 2023 | 1 |
|  | 2024 | 2 |
| IA | 2022 | 2 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| KS | 2022 | 1 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| KY | 2022 | 2 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| MI | 2022 | 2 |
|  | 2023 | 3 |
|  | 2024 | 2 |
| MN | 2022 | 1 |
| State | Year | Number of Transfers |
|---|---|---|
|  | 2023 | 0 |
|  | 2024 | 0 |
| MS | 2022 | 2 |
|  | 2023 | 0 |
|  | 2024 | 3 |
| MO | 2022 | 0 |
|  | 2023 | 1 |
|  | 2024 | 3 |
| MT | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| NY | 2022 | 1 |
|  | 2023 | 0 |
|  | 2024 | 0 |
| NC | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 0 |
| ND | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 2 |
| OH | 2022 | 3 |
|  | 2023 | 2 |
|  | 2024 | 2 |
| OK | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| PA | 2022 | 0 |
|  | 2023 | 1 |
|  | 2024 | 0 |
| SC | 2022 | 3 |
|  | 2023 | 0 |
|  | 2024 | 1 |
| SD | 2022 | 0 |
|  | 2023 | 2 |
|  | 2024 | 1 |
| State | Year | Number of Transfers |
|---|---|---|
| TN | 2022 | 3 |
|  | 2023 | 1 |
|  | 2024 | 2 |
| TX | 2022 | 8 |
|  | 2023 | 1 |
|  | 2024 | 1 |
| WI | 2022 | 1 |
|  | 2023 | 1 |
|  | 2024 | 1 |
| Total | 2022 | 48 |
|  | 2023 | 28 |
|  | 2024 | 28 |

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION1 (FDD pages 88–96)

Question 8

What is the total projected number of new franchised Baymont Inn Suites outlets expected to open in the next fiscal year?

Accepted Answer

| State* | Franchise Agreements Signed but Outlets Not Opened | Projected New Franchised Outlets in the Next Fiscal Year | Projected New Company-Owned Outlets in the Next Fiscal Year |
|--------|-------------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------------|
| TN     | 0                                                           | 1                                                              | 0                                                                    |
| TX     | 9                                                           | 4                                                              | 0                                                                    |
| VA     | 1                                                           | 2                                                              | 0                                                                    |
| WA     | 0                                                           | 1                                                              | 0                                                                    |
| WV     | 2                                                           | 1                                                              | 0                                                                    |
| Total  | 41                                                          | 41                                                             | 0                                                                    |

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION1 (FDD pages 88–96)

Question 9

Besides the failed hostile takeover defense, what other event led to transaction-related expenses for Baymont Inn Suites in both 2023 and 2024?

Accepted Answer

the 2023 Accounting Update, the Company is a single reporting segment managed on a consolidated basis and therefore the 2023 and 2024 information is provided elsewhere in the financial statements.

|                                       | (a) Hotel Franchising Hotel Management |     | Corporate | (b)  | Total |
|---------------------------------------|----------------------------------------------|-----|-----------|------|-------|
| Year Ended or as of December 31, 2022 |                                              |     |           |      |       |
| Depreciation and amortization         | \$ 63 \$                                  | 5   | \$        | 9 \$ | 77    |
| Segment assets                        | 3,711                                        | 113 |           | 299  | 4,123 |
| Capital expendit

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 10

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the estimated initial investment detailed in Item 7?

Accepted Answer

heir spouses must also sign the note.

#### **ITEM 10. FINANCING**

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Initial Fee Note. The Initial Fee Note is not subject to setoff, offset or recoupment. If the Franchise Agreement terminates for any reason or you transfer the Facility, we may demand that you immediately pay the Initial Fee Note in full. If you fail to make any required installment payment on time, we may demand that you immediately pay the Initial Fee Note in full. If you do not pay the Initial Fee Note within 10 days after it is due, the Initial Fee Note will bear simple interest at the rate of the lesser of 18% per annum (1.5% per month) or the highest rate allowed by law. Default under the Initial Fee Note will constitute a default under the Franchise Agreement. If the Initial Fee Note is collected by or through an attorney, we will be entitled to collect reasonable attorney's fees and all costs of collection.

**Development Incentive Financing.** We may offer certain "Development Incentives" for new construction and conversion Chain Facilities. The incentives are based on various factors and are determined in our sole discretion.

Question 11

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to comply with advertising requirements as detailed in Item 9?

Accepted Answer

heir spouses must also sign the note.

#### **ITEM 10. FINANCING**

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Initial Fee Note. The Initial Fee Note is not subject to setoff, offset or recoupment. If the Franchise Agreement terminates for any reason or you transfer the Facility, we may demand that you immediately pay the Initial Fee Note in full. If you fail to make any required installment payment on time, we may demand that you immediately pay the Initial Fee Note in full. If you do not pay the Initial Fee Note within 10 days after it is due, the Initial Fee Note will bear simple interest at the rate of the lesser of 18% per annum (1.5% per month) or the highest rate allowed by law. Default under the Initial Fee Note will constitute a default under the Franchise Agreement.

Question 12

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to comply with local regulations as detailed in Item 9?

Accepted Answer

[Item 10: FINANCING]

#### **ITEM 10. FINANCING**

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Question 13

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to comply with System Standards as detailed in Item 8?

Accepted Answer

#### **ITEM 10. FINANCING**

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Question 14

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to meet the obligations outlined in Item 9?

Accepted Answer

[Item 10: FINANCING]

#### **ITEM 10. FINANCING**

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Question 15

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to meet the System Standards outlined in Item 8?

Accepted Answer

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

Question 16

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to obtain insurance as detailed in Item 9?

Accepted Answer

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

Question 17

How does the lack of financing offered by Baymont Inn Suites (Item 10) affect the franchisee's ability to perform facility maintenance as detailed in Item 9?

Accepted Answer

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Question 18

What are the maximum additional training fees for SynXis and OPERA PMS, respectively, for a Baymont Inn Suites franchise?

Accepted Answer

with a PMS, you must pay a \$995 transfer fee.

If you are a transferee of a Chain Facility with a current PMS that meets our technology standards, we offer optional PMS recertification remote training for your Facility at a fixed cost of \$500. You may also request additional training for the SynXis PMS for a fee of up to \$5,000, and up to \$10,000 for an OPERA PMS, for up to seven trainer days depending upon the number of staff that need to be trained and whether the training is conducted onsite or remotely. You are responsible for travel and lodging expenses for our trainer(s

Source: Item 5 — INITIAL FEES (FDD pages 27–30)

Question 19

What is the relationship between the Application Fee and Initial Fee for a Baymont Inn Suites franchise (Item 5) and the potential for deferral of the Initial Fee (Item 10)?

Accepted Answer

All prospective franchisees must complete an application for a Baymont® franchise (a "Franchise Application") and forward it to us for our review. A copy of the Franchise Application appears at the end of Exhibit C-1. You must pay us a $2,500 non-refundable "Application Fee" when you submit your Franchise Application. You must pay a non-refundable "Initial Fee" to us when you sign the Franchise Agreement. The Initial Fee for a new construction or conversion Chain Facility is equal to the greater of $26,000 or $260 per guest room. If we approve your Franchise Application, we will credit the Application Fee towards your Initial Fee. If we defer payment of all or a portion of the Initial Fee, you will sign the "Initial Fee Note" found in Exhibit C-1. In 2024, our Initial Fees ranged from $8,000 to $25,000.

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Question 20

What is the relationship between the Application Fee mentioned in Item 5 and the Initial Fee detailed in Item 7 for a Baymont Inn Suites franchise?

Accepted Answer

FEES**

#### **Application and Initial Fees**

All prospective franchisees must complete an application for a Baymont® franchise (a "Franchise Application") and forward it to us for our review. A copy of the Franchise Application appears at the end of Exhibit C-1. You must pay us a \$2,500 non-refundable "Application Fee" when you submit your Franchise Application. You must pay a non-refundable "Initial Fee" to us when you sign the Franchise Agreement. The Initial Fee for a new construction or conversion Chain Facility is equal to the greater of \$26,000 or \$260 per guest room. If we approve your Franchise Application, we will credit the Application Fee towards your Initial Fee. If we defer payment of all or a portion of the Initial Fee, you will sign the "Initial Fee Note" found in Exhibit C-1. In 2024, our Initial Fees ranged from \$8,000 to \$25,000.

The Initial Fee paid by franchisees of new construction and conversion facilities covers, in part:

Integration Services – Our quality team will perform an initial inspection of your property and integration visit and our field team will provide initial training on and assistance with facility operations topics including Systems Standards and using the Chain's intranet site. We will also provide training through various online courses on subjects such as quality assurance, housekeeping, preventative maintenance, customer service and the RFP process. The valu

Question 21

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisee's obligations regarding advertising as detailed in Item 9?

Accepted Answer

[Item 5: INITIAL FEES]

#### **ITEM 5. INITIAL FEES**

#### **Application and Initial Fees**

All prospective franchisees must complete an application for a Baymont® franchise (a "Franchise Application") and forward it to us for our review. A copy of the Franchise Application appears at the end of Exhibit C-1. You must pay us a $2,500 non-refundable "Application Fee" when you submit your Franchise Application. You must pay a non-refundable "Initial Fee" to us when you sign the Franchise Agreement. The Initial Fee for a new construction or conversion Chain Facility is equal to the greater of $26,000 or $260 per guest room. If we approve your Franchise Application, we will credit the Application Fee towards your Initial Fee. If we defer payment of all or a portion of the Initial Fee, you will sign the "Initial Fee Note" found in Exhibit C-1. In 2024, our Initial Fees ranged from $8,000 to $25,000.

The Initial Fee paid by franchisees of new construction and conversion facilities covers, in part:

Integration Services – Our quality team will perform an initial inspection of your property and integration visit and our field team will provide initial training on and assistance with facility operations topics including Systems Standards and using the Chain's intranet site. We will also provide training through various online courses on subjects such as quality assurance, housekeeping, preventative maintenance, customer service and the RFP process. The value of these Integration Services is $5,000.

Transferees of existing Chain Facilities and franchisees renewing their franchises must pay the Application Fee, as well as a non-refundable "Relicense Fee" (instead of an Initial Fee), which is equal to the greater of $26,000 or $260 per guest room. We may negotiate a lower Relicense Fee with you for a subsequent transfer or renewal at the time the parties sign the original, transfer or renewal Franchise Agreement, when business circumstances warrant.
[Item 9: FRANCHISEE'S OBLIGATIONS]
---

| Obligation                                                   | Section in Franchise Agreement   | Section in Signature Reservation Service Agreement | Section in Master Information Technology Agreement                                                                           | Disclosure Document Item |
|--------------------------------------------------------------|----------------------------------------|----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|
| a. Site Selection and | 3.1, Schedule D | Not Applicable | Not Applicable | Items 7, 8, 11 |
| acquisition/lease |  |  |  |  |
| b. Pre-opening purchases/leases                           | 3.1, 3.8, 3.10, 3.15, Schedule D | Not Applicable                                                 | Not Applicable                                                                                                                        | Items 5, 7, 8, 11           |
| c. Site development and other pre-opening requirements | 3.1, Schedule D                        | Schedule A                                                     | Not Applicable                                                                                                                        | Items 5, 6, 7, 11           |
| d. Initial and ongoing training                           | 3.3, 4.1                               | Not Applicable                                                 | Attachment 1.1; SynXis Schedule Attachment 2.4; Oracle Schedule Attachment 1.1; MOP Schedule 1.3, Attachment 1.1 | Items 6, 7, 11                 |

Question 22

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisee's obligations regarding compliance with local regulations as detailed in Item 9?

Accepted Answer

[Item 5: INITIAL FEES]

#### **ITEM 5. INITIAL FEES**

#### **Application and Initial Fees**

All prospective franchisees must complete an application for a Baymont® franchise (a "Franchise Application") and forward it to us for our review. A copy of the Franchise Application appears at the end of Exhibit C-1. You must pay us a $2,500 non-refundable "Application Fee" when you submit your Franchise Application. You must pay a non-refundable "Initial Fee" to us when you sign the Franchise Agreement. The Initial Fee for a new construction or conversion Chain Facility is equal to the greater of $26,000 or $260 per guest room. If we approve your Franchise Application, we will credit the Application Fee towards your Initial Fee. If we defer payment of all or a portion of the Initial Fee, you will sign the "Initial Fee Note" found in Exhibit C-1. In 2024, our Initial Fees ranged from $8,000 to $25,000.

Question 23

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisee's obligations regarding System Standards as detailed in Item 8?

Accepted Answer

itial Fees ranged from \$8,000 to \$25,000.

The Initial Fee paid by franchisees of new construction and conversion facilities covers, in part:

Integration Services – Our quality team will perform an initial inspection of your property and integration visit and our field team will provide initial training on and assistance with facility operations topics including Systems Standards and using the Chain's intranet site. We will also provide training through various online courses on subjects such as quality assurance, housekeeping, preventative maintenance, customer service and the RFP process. The valu

Question 24

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisee's obligations regarding insurance as detailed in Item 9?

Accepted Answer

equired to be disclosed in this Item.

#### **ITEM 5. INITIAL FEES**

#### **Application and Initial Fees**

All prospective franchisees must complete an application for a Baymont® franchise (a "Franchise Application") and forward it to us for our review. A copy of the Franchise Application appears at the end of Exhibit C-1. You must pay us a \$2,500 non-refundable "Application Fee" when you submit your Franchise Application. You must pay a non-refundable "Initial Fee" to us when you sign the Franchise Agreement. The Initial Fee for a new construction or conversion Chain Facility is equal to the greater of \$26,000 or \$260 per guest room. If we approve your Franchise Application, we will credit the Application Fee towards your Initial Fee. If we defer payment of all or a portion of the Initial Fee, you will sign the "Initial Fee Note" found in Exhibit C-1. In 2024, our Initial Fees ranged from \$8,000 to \$25,000.

The Initial Fee paid by franchisees of new construction and conversion facilities covers, in part:

Integration Services – Our quality team will perform an initial inspection of your property and integration visit and our field team will provide initial training on and assistance with facility operations topics including Systems Standards and using the Chain's intranet site. We will also provide training through various online courses on subjects such as quality assurance, housekeeping, preventative maintenance, customer service and the RFP process. The valu

Question 25

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisee's obligations regarding facility maintenance as detailed in Item 9?

Accepted Answer

itial Fees ranged from \$8,000 to \$25,000.

The Initial Fee paid by franchisees of new construction and conversion facilities covers, in part:

Integration Services – Our quality team will perform an initial inspection of your property and integration visit and our field team will provide initial training on and assistance with facility operations topics including Systems Standards and using the Chain's intranet site. We will also provide training through various online courses on subjects such as quality assurance, housekeeping, preventative maintenance, customer service and the RFP process. The valu

Question 26

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisee's obligations regarding technology as detailed in Item 9?

Accepted Answer

| Obligation                                                   | Section in Franchise Agreement   | Section in Signature Reservation Service Agreement | Section in Master Information Technology Agreement                                                                           | Disclosure Document Item |
|--------------------------------------------------------------|----------------------------------------|----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|
| b. Pre-opening purchases/leases                           | 3.1, 3.8, 3.10, 3.15, Schedule D | Not Applicable                                                 | Not Applicable                                                                                                                        | Items 5, 7, 8, 11           |
| f. Fees                                                             | 3.7, 3.9, 3.12, 3.14, 3.15, 4.1, 4.2, 4.3, 4.8, 6, 7, 9.3, 9.4, 11.4, 12.1, 12.2, 13.1, 13.2, 15.6, 17.4, Schedule C, Schedule D                    | 1.                                                             | 2, 3.1, 4; 15.5; SynXis Schedule 4, Attachment 4.1; Oracle Schedule 4, Attachment 4.1, MOP Schedule 4.1                    | Items 5, 6, 7, 11, 17       |
| g. Compliance with standards and policies/operating manual | 3.2, 3.3, 3.4, 3.6, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, 3.15, 4.1, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 7.1, 7.5, 9.3, 13.1, 13.2, 15.4, 15.6, Schedule D | Not Applicable                                                 | 3.6, 8.1, 8.2, 8.4; SynXis Schedule 2, 3.3, Attachment 2.5; Oracle Schedule 3.3, Attachment 2.4; MOP 3.3.1                 | Items 8, 11                    |

Question 27

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the franchisor's assistance provided in Item 11?

Accepted Answer

itial Fees ranged from \$8,000 to \$25,000.

The Initial Fee paid by franchisees of new construction and conversion facilities covers, in part:

Integration Services – Our quality team will perform an initial inspection of your property and integration visit and our field team will provide initial training on and assistance with facility operations topics including Systems Standards and using the Chain's intranet site. We will also provide training through various online courses on subjects such as quality assurance, housekeeping, preventative maintenance, customer service and the RFP process. The valu

Question 28

What is the relationship between the Initial Fee for a Baymont Inn Suites franchise (Item 5) and the potential for deferral of that fee (Item 10)?

Accepted Answer

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note.

Question 29

Does the Standard service for Baymont Inn Suites include support for the negotiated pricing/RFP process?

Accepted Answer

You will participate in System marketing programs, including the Chain Websites, if any, the Reservation System, and guest loyalty programs. You will obtain and maintain the computer and communications service and equipment we specify to participate in the Reservation System. You will comply with our rules and standards for participation and will honor reservations and commitments to guests and travel industry participants. You authorize us to offer and sell reservations for rooms and services at the Facility according to the rules of participation and System Standards. You may implement, at your option and expense, your own local advertising. Your advertising materials must use the Marks correctly and must comply with System Standards or be approved in writing by us prior to publication. You will stop using any non-conforming, outdated or misleading advertising materials if we so request.
- 3.4.2 You must participate in any supplemental marketing, training or management alliance or cooperative of Chain Lodging franchisees formed to serve the Chain Facilities in your area or in a similar market segment. We may assist the cooperative with collecting contributions. You may be excluded from cooperative programs and benefits if you do not participate in all cooperative programs according to their terms, including making payments and contributions when due.
- 3.4.3 The Facility must participate in all mandatory Internet and distribution marketing activities and programs in accordance with the System Standards Manual, including any arrangements we make with third-party distribution channels. You must provide us with information about the Facility and use our approved photographer for taking photographs of the Facility for posting on the Chain Websites, third-party travel websites and various marketing media. The content you provide us or use yourself for any Internet or distribution marketing activities must be true, correct and accurate, and you will promptly notify us in writing, in accordance with our processes that are then in effect, when any correction to the content becomes necessary. You must promptly modify, at our request, the content of any Internet or distribution marketing materials for the Facility you use, authorize, display, or provide to conform to System Standards. You will discontinue any Internet or distribution marketing activities that conflict, in our reasonable discretion, with Chain-

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 30

What is the total initial investment for a Baymont Inn Suites franchise (Item 7) and how does it relate to potential financing options (Item 10)?

Accepted Answer

[Item 7: ESTIMATED INITIAL INVESTMENT]

The above table provides an estimate of the initial investment required for a Chain Facility. These figures exclude the cost of land. Your actual expenditures for a Chain Facility will depend upon many variables, such as region of the country, labor costs, economic conditions, and timetable for completing the project, and may be outside of the ranges presented.

[Item 10: FINANCING]

#### **ITEM 10. FINANCING**

Except as specified in this Item 10, we do not offer or provide any financing arrangements for Baymont franchisees, either directly or indirectly.

**Initial Fee Deferral.** We may defer payment of the Initial Fee, if business circumstances warrant, in our sole discretion. The deferral is usually for a short term such as 90 days, or until the Facility opens as a Chain Facility, whichever occurs first. If deferred, you must pay the Initial Fee in one or more installments without the accrual of interest unless you do not pay the Initial Fee within ten days after it is due. The number of payments may vary based on business circumstances, but generally requires up to three equal installments over a 90-day period. We do not require any security for the Initial Fee Note. The Initial Fee Note may be prepaid at any time without penalty. You and your owners must sign the Initial Fee Note in substantially the form shown in Exhibit C-1. If your owners are residents of community property or certain other states, their spouses must also co-sign the Initial Fee Note. Under the Initial Fee Note, you and your guarantors, or any co-makers of the Initial Fee Note, waive traditional defenses. These defenses include presentment, demand, notice of demand, protest, notice of non-payment, notice of protest, notice of dishonor and diligence in collection. We reserve the right to modify the terms of the Initial Fee Note and/or grant extensions, novations, releases or compromises to you or any co-maker without the consent of, or affecting the liability of, any other party to the

Question 31

Under which Baymont Inn Suites service tiers are competitive rate shops required at an additional cost?

Accepted Answer

its stated operational and financial goals (such as RevPar, Occupancy, ADR, or minimization of overbooking-related service/delivery issues).
- Effect execution of the rate strategy on an ongoing basis, specifically advising the Facility staff on Franchisor's actions to:
  - o Maintain the pricing structure for the Facility
  - o Evaluate demand based on historical and currently booked data
  - Analyze potential commitments to groups a

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 32

Is Wyndham Hotels & Resorts, Inc. discharged from liability if a franchisee has an outstanding claim against Baymont Franchise Systems, Inc. related to a Baymont Inn Suites franchise?

Accepted Answer

For value received, WYNDHAM HOTELS & RESORTS, INC., a Delaware corporation, located at 22 Sylvan Way, Parsippany, New Jersey 07054, USA, absolutely and unconditionally guarantees the performance by its indirect subsidiary, BAYMONT FRANCHISE SYSTEMS, INC., a Delaware corporation, with its registered office located at 22 Sylvan Way, Parsippany, New Jersey 07054, USA, as franchisor, of all its obligations in accordance with the terms and conditions of its franchise or license agreements and other agreements issued pursuant to the Baymont Inn & Suites Franchise Disclosure Document and entered into from and after the date hereof as such franchise, license and other agreements shall have been or may hereafter be amended, modified, renewed or extended from time to time. This Guaranty shall continue in force until all such obligations of BAYMONT FRANCHISE SYSTEMS, INC. shall have been satisfied or until such liability of BAYMONT FRANCHISE SYSTEMS, INC. to such franchisees or licensees has been completely discharged, whichever first occur. WYNDHAM HOTELS & RESORTS, INC. shall not be discharged from liability hereunder as long as any such claim by a franchisee or licensee against BAYMONT FRANCHISE SYSTEMS, INC. remains outstanding. Notice of acceptance is waived. Notice of default on the part of BAYMONT FRANCHISE SYSTEMS, INC. is not waived. This Guaranty shall be binding upon WYNDHAM HOTELS & RESORTS, INC., its successors and assigns.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 33

According to the FDD, what would be the approximate increase or decrease to Baymont Inn Suites' annual interest expense if underlying interest rates changed by one point?

Accepted Answer

gned in DocuSign>>

By signing above, both of the signors represent that they are authorized to act on behalf of the parties of their respective party to this this Group Block Agreement. The parties acknowledge that this Agreement is between the described parties only and neither Wyndham Hotels & Resorts, Inc. nor any of its subsidiaries are a party to this Agreement.

![](_page_349_Picture_0.jpeg)

#### **OFF-BALANCE SHEET ARRANGEMENTS**

There were no off-balance sheet transactions, arrangements or other relationships with unconsolidated entities or other persons in 2024, 2023 and 2022 that have, or are reasonably likely to have, a current or future effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

#### **Item 7A. Quantitative and Qualitative Disclosures About Market Risk.**

We use various financial instruments, including interest swap contracts, to reduce the interest rate risk related to our debt. We a

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 34

According to the Baymont Inn Suites Franchise Agreement, what provisions supersede other terms in the agreement?

Accepted Answer

The following provisions supersede and control any conflicting provisions of the Franchise Agreement:

Illinois law governs the Franchise Agreement.

In conformance with Section 4 of the Illinois Franchise Disclosure Act, any provision in the Franchise Agreement that designates jurisdiction and venue in a forum outside of the State of Illinois is void. However, the Franchise Agreement may provide for arbitration to take place outside of Illinois.

Franchisees' rights upon termination and non-renewal are set forth in Sections 19 and 20 of the Illinois Franchise Disclosure Act.

In conformance with Section 41 of the Illinois Franchise Disclosure Act, any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void.

No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 35

What actions by a Baymont Inn Suites franchisee related to member points processing can trigger a fee?

Accepted Answer

| Type of Fee | Amount | Due Date | Remarks 1 |
|---|---|---|---|
|  |  |  | other metric we determine from |
|  |  |  | time to time, as described in the |
|  |  |  | Front Desk Guide (“Loyalty |
|  |  |  | Metric”). |
|  |  |  | Loyalty Program Fees fund the |
|  |  |  | costs associated with operation, |
|  |  |  | customer support, technology |
|  |  |  | and marketing of the Wyndham |
|  |  |  | Rewards guest loyalty programs. |
|  |  |  | If your Facility fails to achieve a |
|  |  |  | required number of Wyndham |
|  |  |  | Rewards Valid Enrollments (or |
|  |  |  | other Loyalty Metric that we |
|  |  |  | may require from time to time) |
|  |  |  | during a defined measurement |
|  |  |  | period, as described in the Front |
|  |  |  | Desk Guide, you must pay us a |
|  |  |  | Missed Valid Enrollment Fee. |
|  |  |  | You must pay this fee if you do |
|  |  |  | not process a member’s points |
|  |  |  |

Source: Item 6 — OTHER FEES (FDD pages 30–45)

Question 36

What actions can Wyndham take if a Baymont Inn Suites franchisee continues to not comply with rate standards?

Accepted Answer

| Best Rate Guarantee | Currently $195 per | When we invoice | You must pay us the Best Rate |
| Type of Fee | Amount | Due Date | Remarks 1 |
|---|---|---|---|
| Processing Fee | transaction. | you. | Guarantee Processing Fee if we, |
|  |  |  | or a guest, finds a lower publicly |
|  |  |  | available rate on the Internet |
|  |  |  | than you have provided to us, |
|  |  |  | for the same date at your |
|  |  |  | Facility. We reserve the right to |
|  |  |  | monitor your rates, and |
|  |  |  | continued non-compliance may |
|  |  |  | also result in suspension from |
|  |  |  | certain Marketing programs.

Source: Item 6 — OTHER FEES (FDD pages 30–45)

Question 37

Does the Baymont Inn Suites agreement specify if the lender, franchisee, or company is responsible for providing their own address, fax number, and email address for notices?

Accepted Answer

| To Company:                                    |
|------------------------------------------------|
|  |
| 22 Sylvan Way |
| Parsippany, New Jersey 07054                   |
| Attention: Vice President, Contract Compliance |
| Email Address: |
| Suzanne.Fenimore@Wyndham.com |
| To Lender:                                     |
|  |
| Address |
|  |
|  |
| Attention:                                     |
| Fax Number:                                    |
| Email Address:                                 |
| To Franchisee:                                 |
|  |
| Address |
|  |
|  |
| Attention: |
| Fax Number: |
| Email Address: |

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 38

Does the Baymont Inn Suites agreement specify a required format for the Franchisee's address?

Accepted Answer

**This application is to be completed online via the Wyndham Community internet portal. The online version appears in a different format. As an alternative, we may provide a paper application. We may update or modify this application at any time.**

## **WYNDHAM FRANCHISE APPLICATION**

**The following information will be collected during the application process:**

# • **General Information**

Information for the individual completing the application and the individual who will serve as the entity principal contact.

# • **Hotel Experience**

Please provide a listing of any current or past hotel ownership experience for each individual with any ownership interest in the hotel.

# • **Property Information**

Details about the hotel location, current affiliation (if any) and room count.

# • **Property Contacts**

Contact information for various roles at the hotel (GM, Site Principal, etc.).

# • **Entity Information**

Details about the entity that owns or otherwise has the right to possess the hotel.

# • **Entity Ownership**

Specifics of any beneficial ownership of the hotel, including names, addresses and ownership percentages.

# • **Application Supporting Documentation**

Documentation required to confirm and supplement the completed application information.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 39

Does the Baymont Inn Suites agreement specify a required format for the Lender's address?

Accepted Answer

| This Addendum to the Franchise Agreement, the Master Information Technology              |
|---------------------------------------------------------------------------------------------|
| Agreement, Signature Reservation Service Agreement, Hotel Revenue Management Agreement,     |
| Three Party Agreement, Lender Notification Agreement, Termination and Release Agreement and |
| Assignment and Assumption Agreement by and between BAYMONT FRANCHISE SYSTEMS,               |
| INC. ("we," "our," or "us") and |
| ("you") is dated, 20 |

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 40

Is the Application Fee credited towards the Initial Fee for a Baymont Inn Suites franchise, and under what condition?

Accepted Answer

FEES**

#### **Application and Initial Fees**

All prospective franchisees must complete an application for a Baymont® franchise (a "Franchise Application") and forward it to us for our review. A copy of the Franchise Application appears at the end of Exhibit C-1. You must pay us a \$2,500 non-refundable "Application Fee" when you submit your Franchise Application. You must pay a non-refundable "Initial Fee" to us when you sign the Franchise Agreement. The Initial Fee for a new construction or conversion Chain Facility is equal to the greater of \$26,000 or \$260 per guest room. If we approve your Franchise Application, we will credit the Application Fee towards your Initial Fee. If we defer payment of all or a portion of the Initial Fee, you will sign the "Initial Fee Note" found in Exhibit C-1. In 2024, our I

Source: Item 5 — INITIAL FEES (FDD pages 27–30)

Question 41

Does Baymont Inn Suites have to approve the management agreement between the owner and the management company?

Accepted Answer

use to avoid infringing the rights of others.

#### **ITEM 15. OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS**

You do not have to participate personally in the direct operation of your Facility although we recommend that you do so. If you do not personally manage the Facility, you must hire a management company or individual manager with significant training and experience in general management of similar lodging facilities to manage the Facility. The Facility's general manager must successfully complete our training program. You are solely responsible for all employment decisions for your Facility, including recruitment, hiring, firing, scheduling, remuneration, personnel policies, training, benefits, safety, security, supervision, discipline and termination, regardless of whether you received advice from us on any of these subjects. The management company or individual manager does not have to own an equity interest in the franchisee or the Facility.

We reserve the right to require you to retain a third-party manager or management company approved by us if you do not have significant experience managing a hotel, or are receiving a Development Incentive (see Item 10).

Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 79–80)

Question 42

Does Baymont Inn Suites charge for responding to customer reviews through the customer experience software platform?

Accepted Answer

We will provide you with access to a customer experience software platform (currently Medallia), which will aggregate all reviews regarding the Facility from TripAdvisor and other major online travel agency sites, as well as customer surveys.

We will respond to certain customer surveys and online reviews of the Facility, including complaints that are posted on third-party travel websites.

You will pay us for each review to which we respond, which we will waive during all periods that your Facility maintains a positive overall guest satisfaction score. (Franchise Agreement – Schedule C)

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 61–74)

Question 43

Does Baymont Inn Suites' 'Competitive Rate Shops' require an additional cost under the Premium Plus plan?

Accepted Answer

its stated operational and financial goals (such as RevPar, Occupancy, ADR, or minimization of overbooking-related service/delivery issues).
- Effect execution of the rate strategy on an ongoing basis, specifically advising the Facility staff on Franchisor's actions to:
  - o Maintain the pricing structure for the Facility
  - o Evaluate demand based on historical and currently booked data
  - Analyze potential commitments to groups a

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 44

How does Baymont Inn Suites compute Occupancy Rate and ADR for months in which Chain Facilities did not submit revenue reports?

Accepted Answer

The information above was obtained from the monthly revenue reports of Chain Facilities submitted by franchisees and represents the most reliable information available to us. For any months in which Chain Facilities did not submit revenue reports, Occupancy Rate and ADR were computed based upon actual data sent to us each night by the Facility's property management system. You set your own room rates.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 85–88)

Question 45

What is the condition for a Baymont Inn Suites franchisee to access and use the Products and/or Services described in the Supplement, specifically regarding the Oracle Schedule?

Accepted Answer

2.4 Oracle Schedule. In order to access, use or otherwise benefit from the Products and/or Services pursuant to this Supplement, you must enter into and maintain an Oracle Schedule with us, and any terms and conditions applicable to your ability to access, use and/or otherwise benefit from the Products and/or Services, including the Oracle Products and/or Services, that are set forth in the Agreement or the Oracle Schedule shall apply to your ability to access, use and/or otherwise benefit from the RevIQ Products and/or Services set forth in this Supplement.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 46

What is the cost range for the on-site staff training provided by Baymont Inn Suites if an architectural PIP is required, and what does the cost depend on?

Accepted Answer

general manager as set forth in Section 4.1 of the Agreement if he/she attends the training by the deadline set forth in Section 4.1. The tuition for this mandatory training program is currently \$2,250. If you are required to complete an architectural PIP, we will

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 47

What criteria define a 'Qualified Chain Facility' for Baymont Inn Suites when calculating average and median ADR, Occupancy Rate, and RevPAR?

Accepted Answer

amount. Your individual results may differ. There is no assurance that you'll earn as much.** #### **Average and Median ADR, Occupancy Rate, and RevPAR2** The table below sets forth the average and median ADR, Occupancy Rate, and RevPAR for Qualified Chain Facilities for the period from January 1, 2024 through December 31, 2024. "Qualified Chain Facilities" means those Chain Facilities in the United States and Canada that opened before January 1, 2023, achieved a "Comparable Social Review Score3 " but excluding those yet to receive a quality assurance inspection prior to December 31, 2024. The total number of Chain Facilities in the United States and Canada as of December 31, 2024 was 555. Of those 555 Chain Facilities, 265 were Qualified Chain Facilities. ¹ Revenue information from Canadian Facilities was converted into U.S. dollars based on the average OANDA exchange rate each month. Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 85–88)

Question 48

What is the deadline for Baymont Franchise Systems, Inc. to provide the disclosure document to a prospective Baymont Inn Suites franchisee in Iowa, and how does it differ from the standard deadline?

Accepted Answer

^\* In Iowa, Baymont Franchise Systems, Inc. is required to give you this disclosure document at the earlier of the first personal meeting or 14 days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. In Michigan, Baymont Franchise Systems, Inc. is required to give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. In New York, Baymont Franchise Systems, Inc. is required give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 49

What determines the fee amount a Baymont Inn Suites franchisee pays for Wyndham responding to guest surveys and reviews?

Accepted Answer

| Type of Fee                                      | Amount                                                                                                                              | Due Date                                   | Remarks 1                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |  |  | other metric we determine from time to time, as described in the Front Desk Guide ("Loyalty Metric"). Loyalty Program Fees fund the costs associated with operation, customer support, technology and marketing of the Wyndham Rewards guest loyalty programs. |
| Loyalty Missed Valid Enrollment Fee | Up to \$1,200 per calendar quarter (or \$400 per month). Currently, \$750 per calendar quarter (or \$250 per month). | Payable upon receipt of our invoice | If your Facility fails to achieve a required number of Wyndham Rewards Valid Enrollments (or other Loyalty Metric that we may require from time to time) during a defined measurement period, as described in the Front Desk Guide, you must pay us a Missed Valid Enrollment Fee. |
| Loyalty Member Services Administration Fee | Currently, \$50 per complaint. | Payable upon receipt of our invoice. | You must pay this fee if you do not process a member's points in a timely manner and we resolve the issue with the member. |
| Customer Care Program | Resolution costs. | When we invoice you. | You must pay the resolution costs if you do not resolve a guest's complaint within the required time frame we establish. Complaints may arise from a guest contacting us or if we become aware of complaints posted on third-party travel websites, distribution channels, blogs, social networks and other forums. We can modify the Customer Care Program from time to time including its operation and fees. |
| Wyndham Response Service Fee | Currently, \$0 to \$15 per response. | Monthly when we invoice you. | We will respond to certain guest surveys and reviews of the Facility on your behalf. Depending on the Facility's guest satisfaction score, you will pay a fee of up to \$15 for each survey or review to which we respond.

Source: Item 6 — OTHER FEES (FDD pages 30–45)

Question 50

For the Baymont Inn Suites financial performance representation, do reservations include room nights after December 31, 2024?

Accepted Answer

^<sup>5 As used in this paragraph, reservations in 2024 include room nights from stays with an arrival between January 1, 2024 and December 31, 2024. For greater clarity, these reservations may include room nights after December 31, 2024, provided the first night of occupancy for such stays occurred on or before December 31, 2024. Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 85–88)

Question 51

For a Baymont Inn Suites franchise, what is the dependency for benefiting from the RevIQ Products and/or Services?

Accepted Answer

5.1 Technical Specification Requirements**.** To access, use and/or otherwise benefit from the RevIQ Products and/or Services, you must meet the technical specification requirements

set forth on Attachment 5.1 of the SynXis Property Management System Schedule to the MITA.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 52

Are Baymont Inn Suites franchisees billed for the national leadership conference costs even if they do not attend?

Accepted Answer

We require general managers to attend an annual national leadership conference. The national leadership conference will typically be held every 12 to 18 months and may be included as part of a WHR multi-brand conference. Costs for these conferences are determined annually and billed back to you even if you do not attend the conference.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 61–74)

Question 53

For Baymont Inn Suites franchisees in Minnesota, how does the addendum affect the existing Franchise Agreement?

Accepted Answer

This Addendum to the Franchise Agreement by and between Baymont Franchise Systems,

1. In compliance with Minnesota Rule 2860.4400J, the eleventh sentence in Subsection 11.4 of the Franchise Agreement is amended to read as follows:

You recognize that any use of the System not in accord with this Agreement will cause us irreparable harm for which there is no adequate remedy at law, entitling us to seek both temporary and permanent injunctive relief against you from any court of competent jurisdiction, which may require us to post a bond.

In addition, the following language is added at the end of Section 17.6.3 of the Franchise Agreement:

Minnesota Statutes, Section 80C.21 and Minn. Rule 2860.4400J prohibit us from requiring litigation to be conducted outside Minnesota, requiring waiver of a jury trial, or requiring the franchisee to consent to liquidated damages, termination penalties or judgment notes. Nothing in the Franchise Disclosure Document or this Franchise Agreement can abrogate or reduce any of your rights as provided for in Minnesota Statutes, Chapter 80C, or your rights to any procedure, forum or remedies provided for by the laws of Minnesota.

- 2. Minnesota law provides franchisees with certain termination, non-renewal and transfer rights. Minnesota Statutes, Section 80C.14, Subdivisions 3, 4 and 5 require, except in certain specified cases, that a franchisee be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice for non-renewal of the Franchise Agreement and that consent to the transfer of the franchise will not be unreasonably withheld.
- 3. We will not require you to assent to a release, assignment, novation or waiver that would relieve any person from liability imposed by Minnesota Statutes, Sections 80C.01 to 80C.22, provided that the foregoing shall not bar the voluntary settlement of disputes.
- 4. You understand that Minnesota law limits you to a three year period from the date a claim accrues in which to bring any claim against us for a violation of Minnesota Statutes, Section 80C.17.
- 5. To the extent required by the Minnesota Franchise Act, we will protect your rights to use the trademarks, service marks, trade names, logo types or other commercial symbols related to the trademarks or indemnify you from any loss, costs or expenses arising out of any claim, suit or demand regarding the use of the trademarks, provided you are using the names and marks in

accordance with the Franchise Agreement.

- 6. No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
- 7. All other rights, obligations, and provisions of the Franchise Agreement shall remain in full force and effect. Only the Sections specifically added to or amended by this Addendum shall be affected. This Addendum is incorporated in and made a part of the Franchise Agreement for the State of Minnesota.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 54

For Baymont Inn Suites franchises offered and sold in North Dakota, do the provisions in the addendum supersede the Franchise Disclosure Document?

Accepted Answer

#### **ADDENDUM TO THE FRANCHISE DISCLOSURE DOCUMENT PURSUANT TO THE NORTH DAKOTA FRANCHISE INVESTMENT LAW**

The following provisions supersede the Franchise Disclosure Document and apply to all licenses or franchises offered and sold in the State of North Dakota:

## **THE NORTH DAKOTA SECURITIES COMMISSIONER HAS HELD THE FOLLOWING TO BE UNFAIR, UNJUST OR INEQUITABLE TO NORTH DAKOTA FRANCHISEES (NDCC SECTION 51-19-09):**

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 55

How does the guest satisfaction score of a Baymont Inn Suites facility affect the fee for Wyndham's response to surveys or reviews?

Accepted Answer

| Type of Fee                                      | Amount                                                                                                                              | Due Date                                   | Remarks 1                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |  |  | other metric we determine from time to time, as described in the Front Desk Guide ("Loyalty Metric"). Loyalty Program Fees fund the costs associated with operation, customer support, technology and marketing of the Wyndham Rewards guest loyalty programs. |
| Loyalty Missed Valid Enrollment Fee | Up to \$1,200 per calendar quarter (or \$400 per month). Currently, \$750 per calendar quarter (or \$250 per month). | Payable upon receipt of our invoice | If your Facility fails to achieve a required number of Wyndham Rewards Valid Enrollments (or other Loyalty Metric that we may require from time to time) during a defined measurement period, as described in the Front Desk Guide, you must pay us a Missed Valid Enrollment Fee. |
| Loyalty Member Services Administration Fee | Currently, \$50 per complaint. | Payable upon receipt of our invoice. | You must pay this fee if you do not process a member's points in a timely manner and we resolve the issue with the member. |
| Customer Care Program | Resolution costs. | When we invoice you. | You must pay the resolution costs if you do not resolve a guest's complaint within the required time frame we establish. Complaints may arise from a guest contacting us or if we become aware of complaints posted on third-party travel websites, distribution channels, blogs, social networks and other forums. We can modify the Customer Care Program from time to time including its operation and fees. |
| Wyndham Response Service Fee | Currently, \$0 to \$15 per response. | Monthly when we invoice you. | We will respond to certain guest surveys and reviews of the Facility on your behalf. Depending on the Facility's guest satisfaction score, you will pay a fee of up to

Source: Item 6 — OTHER FEES (FDD pages 30–45)

Question 56

For Baymont Inn Suites, what happens in the event any bankruptcy, insolvency, receivership, or similar case is filed by or against Franchisee?

Accepted Answer

- 7. **Insolvency of Franchisee.** In the event any bankruptcy, insolvency, receivership, or similar case is filed by or against Franchisee, then, subject to any automatic stay that may be imposed, Franchisor may exercise its rights and remedies under the Primary Agreements whether or not Lender obtains relief to foreclose upon or take possession of all or any part of the Facility.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 57

What happens if Baymont Inn Suites allows a franchisee to deviate from the franchise agreement?

Accepted Answer

- 17.2 **Waivers, Modifications and Approvals.** If we allow you to deviate from this Agreement, we may insist on strict compliance at any time after written notice. Our silence or inaction will not be or establish a waiver, consent, course of dealing, implied modification or estoppel. All modifications, waivers, approvals and consents of or under this Agreement by us must be in writing and signed by our authorized representative to be effective. We may unilaterally revise Schedule C when this Agreement so permits.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 58

What happens if a Baymont Inn Suites facility achieves greater than 70% occupancy for 12 consecutive months while participating in Standard RMS?

Accepted Answer

| Type of Fee                                                     | Amount                                                                                                     | Due Date                                                                             | Remarks 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |  |  | administrative and overhead costs for supporting the Everyone Sells Group Referrals Program. |
| BAYMA Marketing and Sales Co-op Fee | Currently, \$1.00 per room per month up to a maximum of \$2,400 per year. | Annually in advance of the applicable year. | Participation in the Baymont Management Association ("BAYMA") is mandatory. We have the right to modify the program from time to time including the amount of the Fees. |
| Global Translation Fee | Currently, \$200 per language. | When we invoice you. | Your property's website will be translated in both English and Spanish. If you wish to have another translation, you will pay a fee for each additional language. |
| Signature Reservation Service Fee | Currently, 3.5% of the amount of GRR booked. | When we invoice you. | As part of our Signature Reservation Service ("SRS"), certain consumers seeking to make a reservation at your Facility or any other Wyndham branded facility enrolled in SRS are directed automatically to our professionally trained agents to book their reservation. You are required to participate in the SRS program. (See Item 11) |
| Standard Revenue Management Services ("Standard RMS") Fee | Currently, 0.75% of GRR with a minimum of \$645 per month and maximum of \$1,395 per month. | As indicated on the invoice or, if not indicated, 15 days after receipt. | Standard RMS is an optional service. If you opt into Revenue Management Service, your Facility will be assessed to determine the most suitable service level based on a variety of factors including market, room count, and occupancy rate. However, if you opt to participate and your Facility achieves greater than 70% occupancy for 12 consecutive months, then it will only be permitted to participate at the Premium RMS level (see directly below). |
| Type of Fee                                                                | Amount                                                                                                                                                                                                         | Due Date                                                                                                 | Remarks 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |
|----------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| Premium Revenue Management Services ("Premium RMS") Fee | Currently, 1.00% of GRR with a minimum of \$1,450 per month and maximum of \$2,450 per month; except \$3,500 per month for Facilities with an annual GRR of \$3,000,000 or more. | As indicated on the invoice or, if not indicated, 15 days after receipt. | Premium RMS is an optional premium service. If you opt into Revenue Management Service, your Facility will be assessed to determine the most suitable service level based on a variety of factors including market, room count, and occupancy rate. However, if you opt to participate and your Facility achieves greater than 70% occupancy for 12 consecutive months, then it will only be permitted to parti

Source: Item 6 — OTHER FEES (FDD pages 30–45)

Question 59

What happens if a Baymont Inn Suites franchisee does not process a member's points in a timely manner?

Accepted Answer

| Type of Fee | Amount | Due Date | Remarks 1 |
|---|---|---|---|
|  |  |  | other metric we determine from |
|  |  |  | time to time, as described in the |
|  |  |  | Front Desk Guide (“Loyalty |
|  |  |  | Metric”). |
|  |  |  | Loyalty Program Fees fund the |
|  |  |  | costs associated with operation, |
|  |  |  | customer support, technology |
|  |  |  | and marketing of the Wyndham |
|  |  |  | Rewards guest loyalty programs. |
|  |  |  | If your Facility fails to achieve a |
|  |  |  | required number of Wyndham |
|  |  |  | Rewards Valid Enrollments (or |
|  |  |  | other Loyalty Metric that we |
|  |  |  | may require from time to time) |
|  |  |  | during a defined measurement |
|  |  |  | period, as described in the Front |
|  |  |  | Desk Guide, you must pay us a |
|  |  |  | Missed Valid Enrollment Fee. |
|  |  |  | You must pay this fee if you do |
|  |  |  | not process a member’s points |
|  |  |  | in a timely manner and we |
|  |  |  | resolve the issue with the |
|  |  |  | member. |
|  |  |  | You must pay the resolution |
|  |  |  | costs if you do not resolve a |
|  |  |  | guest’s complaint within the |
|  |  |  | required time frame we |
|  |  |  | establish. Complaints may arise |
|  |  |  | from a guest contacting us or if |
|  |  |  | we become aware of complaints |
|  |  |  | posted on third-party travel |
|  |  |  | websites, distribution channels, |
|  |  |  | blogs, social networks and other |
|  |  |  | forums. We can modify the |
|  |  |  | Customer Care Program from |
|  |  |  | time to time including its |
|  |  |  | operation and fees. |

Source: Item 6 — OTHER FEES (FDD pages 30–45)

Question 60

What happens if the general manager for a Baymont Inn Suites franchise does not complete the training within 90 days after the Opening Date?

Accepted Answer

Your initial general manager (or other representative who exercises day to day operational authority) for the Facility must complete this program to our satisfaction no later than 90 days after the Opening Date.

Any replacement general manager must complete the training program to our satisfaction within 90 days after he/she assumes the position.

If we do not offer a place in the training program within the above time frame, your replacement general manager must complete the next program held at which we offer a place.

Your general manager for the Facility must complete the training even if you employ managers at other Chain Facilities who already have received this training.

We charge you tuition for our Hospitality Management Program which is set forth on Schedule D.

If he/she does not complete the training within 90 days after the Opening Date, and for any replacement general manager, you must pay a separate tuition at the rate then in effect for the program when your manager attends the program.

You also must pay for your, your general manager and/or additional staff member's travel, lodging, meals, incidental expenses, compensation and benefits for any in-person components.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 61

What happens if Baymont Inn Suites does not offer a place in the training program within the specified timeframe for a replacement general manager?

Accepted Answer

Any replacement general manager must complete the training program to our satisfaction within 90 days after he/she assumes the position.

If we do not offer a place in the training program within the above time frame, your replacement general manager must complete the next program held at which we offer a place.

Source: Item 23 — RECEIPTS (FDD pages 97–443)

Question 62

What happens to the Standard RMS service if a Baymont Inn Suites facility achieves greater than 70% occupancy for 12 consecutive months?

Accepted Answer

- Standard RMS is a service that includes STR review and evaluation, rate and inventory maintenance, as well as scheduled communication two times per week and monthly meetings with your assigned revenue management professional.

However, if you opt to participate and your Facility achieves greater than 70% occupancy for 12 consecutive months, then it will only be permitted to participate at the Premium RMS level (see directly below).

- Premium RMS is a service that includes inventory management, as well as scheduled communication two times per week and weekly meetings with your assigned revenue management professional, and STR review and recommendations.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 61–74)

Question 63

For Baymont Inn Suites, what happens to the warranties if a franchisee violates the restrictions related to the Products and/or Services?

Accepted Answer

If you violate this Section, the warranties set forth in this Agreement shall be void, and you shall be solely responsible for the cost of repair or replacement of the Products and/or Services, if any.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Question 64

What happens to the warranties if a Baymont Inn Suites franchisee violates the restrictions on using the Products and/or Services?

Accepted Answer

onformance with this Agreement and/or any Service Offering. You shall not load, store or otherwise use any products and/or software on or with the Products and/or Services, without Service Provider's prior written consent, as the use of such products and/or software may adversely affect the operation and functionality of the Products and/or Services.

Source: Item 22 — CONTRACTS (FDD pages 96–97)

Baymont_Inn_Suites 2025 FDD FAQ