How does a Bw Premier Collection Hotel receive its monthly statements from BWI?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Hotel agrees to receive monthly statements electronically.
- v. Accept credit cards as required by BWI. At the option of Hotel, Hotel may allow consumers to prepay reservations through BWI's prepayment reservations system. This prepayment reservation system requires the Hotel to participate in a BWI designated credit card program, which enables the prepayment to directly transfer to Hotel's merchant account.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to the 2025 Bw Premier Collection FDD, hotels are required to receive their monthly statements electronically. This means that BWI (Best Western International) will not send paper statements through the mail. Instead, the Bw Premier Collection hotel will receive a notification, typically via email, that their statement is available for viewing or download from an online portal.
This electronic delivery system is common in franchising as it offers several advantages. It reduces paper waste and lowers administrative costs for the franchisor, BWI. For the franchisee, the Bw Premier Collection hotel, it provides faster access to billing information and simplifies record-keeping. Electronic statements can be easily stored, searched, and shared as needed.
It's important for prospective Bw Premier Collection franchisees to understand this electronic communication method and ensure they have the necessary systems in place to receive and manage these statements. This includes having a reliable email address and a secure system for storing financial records. Additionally, the FDD mentions that if a hotel's payment is late on the statement twice within a 12-month period, BWI has the right to require automatic debit of the hotel's bank account.