When applying for an Even Hotels franchise, what details must be provided regarding hotels/motels in which an individual with 25% or more ownership has an interest?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Each sole proprietor, general manager, managing tenant in common, and major owner/shareholder (owners/shareholders owning beneficially 25% or more of the stock) of the proposed licensee and any individual/entity who will serve as an additional guarantor of the proposed license is required to submit a Personal Financial Statement with this Application including a list of all hotels/ motels in which the individual has an interest. Facility name, location, and the nature and percentage of the individual's interest must be indicated.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, when applying for a license, any individual or entity owning 25% or more of the stock of the proposed Even Hotels licensee must submit a Personal Financial Statement. This statement must include a list of all hotels/motels in which the individual has an interest.
For each hotel or motel listed, the applicant must indicate the facility name, its location, and the nature and percentage of the individual's interest in the property. This requirement ensures that Even Hotels is aware of the applicant's other business ventures, particularly within the hospitality sector, to assess potential conflicts of interest or evaluate the applicant's experience and resources.
By requiring this information, Even Hotels aims to maintain transparency and ensure that its franchisees have the necessary financial stability and relevant experience to successfully operate an Even Hotels franchise. This also allows Even Hotels to evaluate the potential impact of other hotel interests on the franchisee's commitment to the Even Hotels brand and standards.