According to Even Hotels' 2025 Franchise Disclosure Document, RevPAR is an important metric used to assess the financial performance of its hotels. Specifically, for the purposes of Item 19, 'RevPAR' means 'Revenue Per Available Room'. This is one of three key performance indicators, along with Average Occupancy Rate and Average Daily Room Rate (ADR), that Even Hotels uses to evaluate the financial health of its 'Mature Hotels'.

For a prospective Even Hotels franchisee, understanding RevPAR is crucial because it provides insight into how effectively a hotel is filling its rooms at an average rate. The FDD indicates that for the year ending December 31, 2024, the Average RevPAR for Mature Hotels was $121.09, with a range from $246.69 to $70.36 and a median of $90.78. This means that while some hotels performed significantly better, others performed worse, highlighting the variability in potential revenue generation.

It's important to note that Even Hotels explicitly states that past performance is not indicative of future results. Factors such as competition, location, economic conditions, and management skill can significantly impact a hotel's RevPAR. Therefore, while the provided RevPAR data offers a benchmark, prospective franchisees should conduct their own thorough market research and consider these external factors when evaluating the potential financial performance of an Even Hotels franchise.