Which exhibit contains SCH's audited financial statements in the Even Hotels FDD?

According to Even Hotels' 2025 Franchise Disclosure Document, the audited financial statements for SCH (Six Continents Hotels, Inc.), the parent company, are included in Exhibit F-2. These financial statements cover the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.

This is important for prospective Even Hotels franchisees because SCH commits to performing certain post-sale obligations. Reviewing SCH's financial statements allows franchisees to assess the financial health and stability of the parent company that is guaranteeing these obligations. This helps in evaluating the risk associated with relying on SCH to fulfill its commitments.

Franchisors typically include their audited financial statements and those of their parent companies (if applicable) to provide transparency to potential franchisees. This enables franchisees to make informed decisions based on the financial stability of the entities they are partnering with. It is a standard practice in the franchising industry to disclose this information.