Does the Baymont Inn Suites agreement specify a required format for the Lender's address?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Baymont Inn Suites does not explicitly state a required format for the lender's address. However, it does provide context for lender-related communications and agreements.
The document mentions a "Lender Notification Agreement" as part of an addendum to the franchise agreement, suggesting a formal communication channel between Baymont Inn Suites and any lender involved in financing the franchise. Additionally, there's a section outlining the responsibilities of the lender if they take possession of the facility, including providing proof of insurance and curing defaults.
While the FDD does not specify a format for the lender's address, it is reasonable to assume that Baymont Inn Suites would require a standardized format for consistency and ease of communication. A prospective franchisee should confirm with Baymont Inn Suites what specific format, if any, is required for providing the lender's address to ensure compliance with their procedures.