Does Even Hotels charge a fee for settlement funds received by wire transfer?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Wire Fees. If you receive settlement funds by wire transfer, we may charge a wire transfer fee per wire.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, Even Hotels may charge a fee if a franchisee receives settlement funds via wire transfer. Specifically, the FDD states that Even Hotels "may charge a wire transfer fee per wire."
This means that if an Even Hotels franchisee elects to receive their settlement funds through a wire transfer, they should anticipate a deduction to cover the cost of the wire transfer itself. The exact amount of this fee is not specified in the FDD, so it is important for prospective franchisees to clarify the amount of this fee with Even Hotels during their due diligence.
It is common practice for franchisors to pass along such third-party fees to franchisees, as these costs are directly incurred by the method of payment chosen by the franchisee. Franchisees should consider this potential fee when evaluating their overall operating costs and when deciding how they prefer to receive settlement funds.