What is the location designated as in the Three-Party Agreement for a Baymont Inn Suites franchise?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Three-Party Agreement (the "Agreement") is made and entered into as of, 20 by |
|---|
| and among |
| ("Lender"); |
| ("Franchisee"); and |
| ("Franchisor" or "Company"). |
| Lender, Franchisee, and Franchisor each are referred to as a "Party" and collectively are referred to as the |
| "Parties." |
| RECITALS |
| A. |
| The Franchise Agreement. Franchisee and Franchisor entered into that certain franchise, |
| license or membership agreement, dated, 20 |
| (the "Franchise Agreement"), related to a |
| guest lodging facility located at, designated as Unit # |
| (the "Facility"). The Franchise |
| Agreement and certain ancillary agreements related to the Franchise Agreement collectively are referred to |
| as the "Primary Agreements." Pursuant to the Primary Agreements, Franchisee operates the Facility as a |
| ® franchised location. Capitalized terms used and not defined in this Agreement shall have the |
| meanings given to them in the Franchise Agreement. |
Source: Item 22 — CONTRACTS (FDD pages 96–97)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the location in the Three-Party Agreement is designated as the "Facility". The agreement pertains to a guest lodging facility located at a specific address and designated as Unit #. This facility operates as a Baymont Inn Suites franchised location under the Franchise Agreement.
The Three-Party Agreement involves the lender, franchisee, and franchisor. The lender provides funds to the franchisee, who in turn grants the lender certain rights related to the Franchise Agreement as collateral security for the loan. Baymont Inn Suites consents to the assignment of a security interest in the Franchise Agreement to the lender, subject to the terms outlined in the Three-Party Agreement.
This agreement ensures that all parties—lender, franchisee, and Baymont Inn Suites—are aligned regarding the financial obligations and operational status of the franchised location. It confirms that the Primary Agreements (the Franchise Agreement and related ancillary agreements) are in full force and effect, with no outstanding defaults at the time of the agreement.