In what currency must Embassy Suites By Hilton make all payments under the agreement?
Embassy_Suites_By_Hilton Franchise · 2025 FDDAnswer from 2025 FDD Document
All fees indicated are exclusive of applicable taxes (see Agreement sections on taxes). Unless otherwise specified by HSS in writing, Customer will make all payments in United States dollars to HSS or any other party designated by HSS in its sole discretion. Customer will pay according to the terms of any invoice(s) submitted to Customer therefore, including any provision for late charges, the fee for the installation of any telephone line(s) or wide area network connection(s) necessary for connection of the Authorized Equipment.
Source: Item 22 — CONTRACTS (FDD page 97)
What This Means (2025 FDD)
According to Embassy Suites By Hilton's 2025 Franchise Disclosure Document, unless otherwise specified in writing by HSS (Hilton Supply Management Services), all payments must be made in United States dollars. The franchisee will remit these payments to HSS or any other party designated by HSS.
This requirement ensures that all financial transactions between the franchisee and Embassy Suites By Hilton are conducted in a standardized currency, simplifying accounting and reducing the risks associated with currency exchange rate fluctuations. It is a fairly standard practice in franchising to denominate payments in the franchisor's home currency, especially for U.S.-based franchisors.
The franchisee is responsible for paying according to the terms of any invoices submitted, including any provisions for late charges and fees for the installation of telephone lines or wide area network connections necessary for the Authorized Equipment. This means franchisees must budget appropriately to cover these costs and adhere to the payment schedules to avoid penalties or service interruptions.