factual

For a Canadian Best Western membership, in which currencies can the billed amount be paid?

Best_Western Franchise · 2025 FDD

Answer from 2025 FDD Document

All Fees, Dues, Charges and Assessments

  • A. U.S. Membership: Billed and paid in U.S. dollars.
  • B. Canadian Membership: Billed in Canadian dollars based on the monthly exchange rate and paid in Canadian or U.S. dollars.

Source: Item 23 — Receipts (FDD pages 108–413)

What This Means (2025 FDD)

According to Best Western's 2025 Franchise Disclosure Document, Canadian memberships are billed in Canadian dollars based on the monthly exchange rate. However, the amount due can be paid in either Canadian or U.S. dollars. This dual-currency payment option provides flexibility for Canadian franchisees, allowing them to manage their finances using either currency.

This is particularly beneficial for franchisees who may have revenue streams or financial obligations in both Canadian and U.S. dollars. By allowing payments in either currency, Best Western accommodates the diverse financial needs of its Canadian members. The monthly exchange rate ensures that the amount billed in Canadian dollars accurately reflects the current value relative to the U.S. dollar.

Prospective franchisees should stay informed about the prevailing monthly exchange rates to optimize their payments. Understanding the exchange rate dynamics can help in making informed decisions about which currency to use for payments, potentially leading to cost savings or more efficient financial management. This flexibility is a notable advantage for Canadian franchisees within the Best Western system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.