What exhibit in the FDD contains the Next-Gen Payment Agreement that Even Hotels will enter into with SCH?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Next-Gen Solutions: Upon activation of the NGP program at your Hotel, you will enter into a Next-Gen Payment Agreement with SCH (See Exhibit G-4). SCH will immediately bill you monthly and administer support for the hardware and software. All Hotels are required to use NGP or such successor payments program as may be implemented by SCH. Pursuant to the terms of the Next-Gen Payment Agreement, licensee will be liable for payment to IHG of an early termination fee for any reason equal to (x) 50% of the NGP monthly fee, multiplied by (y) the remaining monthly payments in the term.
Source: Item 6 — OTHER FEES (FDD pages 30–52)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, franchisees are required to participate in the Next-Gen Payment (NGP) program. Upon the activation of the NGP program at their hotel, franchisees must enter into a Next-Gen Payment Agreement with SCH. The actual agreement is included in Exhibit G-4 of the FDD.
SCH will bill the franchisee monthly for the hardware and software and administer support. The FDD states that all Even Hotels locations must use NGP or any successor payment program implemented by SCH.
According to the terms of the Next-Gen Payment Agreement, if the licensee terminates the agreement early for any reason, they will be liable to IHG for an early termination fee. This fee is equal to 50% of the NGP monthly fee, multiplied by the number of remaining monthly payments in the term.