What is the estimated cost range for NextGen Payments for an Even Hotels franchise?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
TIAL INVESTMENT**
The following table provides an estimate of the initial investment for a 131-room EVEN® Hotel.
YOUR ESTIMATED INITIAL INVESTMENT FOR A 131-ROOM EVEN® HOTEL:
| Type of Expenditure | Amount | Method of Payment and When Due | To Whom Payment Is to be Made |
|---|---|---|---|
| Application Fee (Note 1) |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 52–59)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the estimated initial cost for NextGen Payments ranges from $251 to $400. This cost covers the purchase of equipment from or through SCH (presumably, Six Continents Hotels, Inc., the parent company), including basic equipment, installation, configuration, training on the payment program devices and software, and expenses for travel, meals, and lodging. Hardware warranties are purchased at the initial time of procurement.
This relatively low cost, compared to other technology investments like the Keycard System or F&B POS, suggests that NextGen Payments is a straightforward, essential system for processing payments. The fact that the cost includes installation, configuration, and training is beneficial for new franchisees, as it reduces the complexity of setting up the payment system.
However, franchisees should confirm with Even Hotels or SCH the specific equipment included in this cost, the approved suppliers, and the details of the hardware warranties. Understanding these specifics will help in budgeting accurately and avoiding unexpected expenses during the initial setup. Franchisees should also inquire about any ongoing fees or costs associated with the NextGen Payments system beyond the initial investment.