Who attested to the execution of the Guaranty of Performance for Baymont Inn Suites?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
GUARANTY OF PERFORMANCE
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.
IN WITNESS WHEREOF, WYNDHAM HOTELS & RESORTS, INC. has, by a duly authorized officer, executed this Guaranty of Performance in Parsippany, New Jersey as of the 31st day of March 2025.
WYNDHAM HOTELS & RESORTS, INC. a Delaware corporation
Michele Allen
Chief Financial Officer
ATTEST:
Michael Heistein
Senior Vice President, Legal
Source: Item 23 — RECEIPTS (FDD pages 97–443)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, Michael Heistein, Senior Vice President, Legal, attested to the execution of the Guaranty of Performance on behalf of Wyndham Hotels & Resorts, Inc. The Guaranty of Performance ensures that Wyndham Hotels & Resorts, Inc. guarantees the performance of Baymont Franchise Systems, Inc.'s obligations under the franchise agreements. This guaranty is valid until all obligations of Baymont Franchise Systems, Inc. are satisfied or their liability to franchisees is completely discharged.
The Guaranty of Performance was executed by Wyndham Hotels & Resorts, Inc., with Michele Allen, Chief Financial Officer, signing on behalf of the company. The document was signed in Parsippany, New Jersey, on March 31, 2025. This arrangement provides franchisees with a level of financial security, knowing that the parent company is backing the obligations of the franchise system.
In essence, this guaranty means that Baymont Inn Suites franchisees have recourse to Wyndham Hotels & Resorts, Inc. if Baymont Franchise Systems, Inc. fails to meet its contractual obligations. This type of guarantee is common in franchising, especially when a smaller franchise system is part of a larger corporate group, as it lends credibility and financial stability to the franchise offering.