What is the 'Facility' defined as in the Three-Party Agreement for a Baymont Inn Suites franchise?

According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the term "Facility" within the context of the Three-Party Agreement refers to the physical location where the Baymont Inn Suites business operates. Specifically, it encompasses the Location, which is defined in the preamble of the agreement.

The definition extends beyond just the land itself to include all improvements, buildings, common areas, structures, and appurtenances present at the Location. It also covers facilities, entry/exit rights, parking areas, amenities, FF&E (furniture, fixtures, and equipment), and related rights, privileges, and properties. This definition applies to anything existing at the Location or constructed there after the effective date of the Franchise Agreement.

For a prospective Baymont Inn Suites franchisee, this definition is important because it clarifies what physical assets and features are considered part of the franchised business. It is important to understand what is included in the definition of "Facility" because it is tied to the Loan that the lender provides to the franchisee. The loan is secured by the franchisee's interest in the Facility.