As of the Even Hotels FDD, what was the earliest year for which SCH's audited financial statements are provided?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Our parent, SCH, commits to perform certain post-sale obligations for us. Exhibit F-2 includes SCH's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 98)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the earliest year for which Six Continents Hotels, Inc. (SCH)'s audited financial statements are included is December 31, 2022. The FDD includes SCH's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
This information is important for prospective Even Hotels franchisees because it allows them to review the financial performance and stability of SCH, the parent company that commits to perform certain post-sale obligations. By examining these financial statements, franchisees can assess the financial health of the parent company and its ability to support the Even Hotels franchise system.
It is typical for franchisors to include several years of audited financial statements in their FDDs to provide transparency and allow potential franchisees to make informed decisions. Reviewing these statements is a crucial step in the due diligence process before investing in a franchise.