In the Revenue Management Agreement for Baymont Inn Suites, what does 'Commencement Date' refer to?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| This HOTEL | REVENUE MANAGEMENT | AGREEMENT | (“Agreement”) | is made | as of |
|---|---|---|---|---|---|
| _________, 20 (“Commencement Date”) by and between Wyndham Hotel Group, LLC, with | |||||
| offices located | at 22 Sylvan Way, Parsippany, | New Jersey | 07054 | (“we”, “our”, | or “us”) and |
Source: Item 23 — RECEIPTS (FDD pages 97–443)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the 'Commencement Date' in the Hotel Revenue Management Agreement refers to a specific date in 20__ when the agreement is made. The agreement is between Wyndham Hotel Group, LLC and the franchisee, concerning the guest lodging facility. This date is a critical element as it marks the beginning of the contractual obligations and revenue management services provided by Wyndham Hotel Group, LLC for the Baymont Inn Suites location.
For a prospective Baymont Inn Suites franchisee, the Commencement Date signifies the point from which the revenue management strategies and services outlined in the agreement will be implemented. This date is essential for aligning the hotel's operations with Wyndham's revenue management system, which aims to optimize pricing, occupancy, and overall revenue generation. It is important for the franchisee to understand the implications of this date, as it sets the stage for the financial performance and operational strategies of their Baymont Inn Suites location.
Understanding the Commencement Date is crucial for budgeting and forecasting, as it allows the franchisee to anticipate when the revenue management services will begin impacting their hotel's performance. The franchisee should ensure that all necessary preparations, such as staff training and system integration, are completed by this date to maximize the benefits of the revenue management agreement with Baymont Inn Suites.