Under what condition does Baymont Inn Suites charge an Extension Fee, and what is the amount?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks 1 |
|---|---|---|---|
| Remedies, Non-Compliance and Other | application, provided by a third party to help you manage your housekeeping and maintenance processes. We may offer as an option or, in the future, mandate a certain program or provider. (See Item 11) | ||
| Extension Fee | $10,000. | Within 10 days of the Opening Date. | Payable any time we agree to extend your opening deadlines beyond those dates established in Schedule D of the Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 30–45)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, an Extension Fee of $10,000 is charged if the franchisor agrees to extend the franchisee's opening deadlines beyond the dates established in Schedule D of the Franchise Agreement. This fee is payable within 10 days of the Opening Date.
This means that if a Baymont Inn Suites franchisee needs more time to open their location than initially agreed upon, they may request an extension from Baymont Inn Suites. However, this extension is not guaranteed and is subject to Baymont Inn Suites's approval. If the extension is granted, the franchisee will incur a $10,000 fee.
Prospective franchisees should carefully consider their timeline for opening a Baymont Inn Suites location and factor in potential delays. It's important to have a realistic assessment of the time needed to secure permits, complete construction or renovations, and train staff. Requesting an extension can be costly, so it's best to avoid this situation if possible. Franchisees should review Schedule D of the Franchise Agreement to understand the initial opening deadlines and plan accordingly.