When is the Even Hotels casualty royalty fee due?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF FEE | AMOUNT | DUE DATE | REMARKS |
|---|---|---|---|
| Royalty | |||
| Royalty | 5% of Gross Rooms Revenue (“GRR”). | Monthly, on the 15th of the following month (Payable to Holiday) | Note 1 |
| Casualty Royalty | 2% of GRR based on average GRR for preceding 12 months | Monthly, on the 15th of the following month (payable to Holiday) | Note 1 |
Source: Item 6 — OTHER FEES (FDD pages 30–52)
What This Means (2025 FDD)
According to Even Hotels's 2025 Franchise Disclosure Document, the casualty royalty fee is due monthly, on the 15th of the following month. This fee is payable to Holiday. The amount of the casualty royalty is 2% of Gross Rooms Revenue (GRR) based on the average GRR for the preceding 12 months.
This means that as an Even Hotels franchisee, you will need to calculate your average Gross Rooms Revenue for the past year to determine the base amount for this fee. Then, 2% of that amount is due on the 15th of each month. This payment schedule aligns with the standard royalty payment, simplifying the payment process for franchisees.
It is important for prospective franchisees to understand how the Gross Rooms Revenue is calculated, as this will directly impact the royalty and casualty royalty fees. Paying attention to these details ensures accurate and timely payments, which is crucial for maintaining a good standing with the franchisor, Holiday.