What is considered a 'Condominium Property' under Best Western's definitions?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
"Condominium Property" means a Property comprised of prospective rental units (including time shares) owned separately by individual persons or entities, who may also own an undivided interest in common areas or common elements.
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, a 'Condominium Property' is defined as a property that consists of potential rental units, including timeshares, that are owned separately by individual people or entities. These owners may also possess an undivided stake in shared spaces or elements.
This definition is important for prospective franchisees because it clarifies the types of properties that can be considered for a Best Western membership. It specifically addresses properties with individually owned units, which is common in condominium or timeshare developments. This allows Best Western to extend its brand to properties that might not fit the traditional hotel model.
It's also important to note that the Best Western Board of Directors has the authority to determine which condominium properties are eligible for membership and to establish the criteria and standards for these properties. The Board can also waive compliance with certain regulations if they are deemed inapplicable or unfeasible for condominium properties. This flexibility allows Best Western to adapt its requirements to different types of properties and ensure brand consistency while accommodating unique ownership structures.