Besides ongoing maintenance, what significant renovations are Even Hotels franchisees obligated to complete?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
to the License | Item 15 |
ITEM 10 FINANCING
Holiday does not offer any formal program for direct or indirect financing. Holiday, SCH or its affiliate, General Innkeeping Acceptance Corporation, ("GIAC") may furnish loans or guaranties to licensees.
1 In addition to your obligation to repair and maintain the hotel on an ongoing basis, and regardless whether Holiday has required you to establish a Capital Reserve, you must complete significant renovations of the Hotel, including, but no limited to, the public areas, guest rooms and guest room corridors. The mandatory renovations include replacement of Soft Goods at least every seven (7) years after such Soft Goods were installed and replacement of Case Goods at least every fourteen (14) years after such Case Goods were installed, although earlier or more frequent renovations or replacements may be required to maintain compliance with the Standards, quality and guest satisfaction programs or to remove risk of injury to persons or property and to comply with legal requirements.
If the Hotel experiences a change of ownership, the dates of these obligations may be adjusted at the time a change of ownership License is signed.
Source: Item 10 — FINANCING (FDD pages 69–70)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, franchisees must complete significant renovations to the hotel, including public areas, guest rooms, and guest room corridors. These renovations are required regardless of whether Holiday has mandated a Capital Reserve.
The mandatory renovations include replacing soft goods at least every seven years after installation and case goods at least every fourteen years after installation. More frequent renovations or replacements may be necessary to maintain compliance with Even Hotels' standards, quality, and guest satisfaction programs, to prevent injury to people or property, or to comply with legal requirements.
Before starting any upgrades or remodeling, franchisees must submit their plans to Holiday for review and approval. Upon completion, they must provide a written opinion from an expert, such as an architect or engineer, certifying that the renovated hotel complies with the Americans with Disabilities Act (ADA) and other applicable laws and regulations.