As of the Even Hotels FDD, what was the most recent year for which Holiday's audited financial statements are provided?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit F-1 to this disclosure document includes Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
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, Holiday's audited financial statements are included for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. This means the FDD provides a three-year financial history for Holiday.
These financial statements offer insight into Holiday's financial performance over the stated period. A prospective Even Hotels franchisee can review these statements to understand Holiday's revenue, expenses, assets, and liabilities. Examining these trends can help a franchisee assess the financial stability and overall health of Holiday.
In addition to Holiday's financial statements, the FDD includes audited financial statements for SCH, Even Hotels' parent company, for the same fiscal years. This is relevant because SCH commits to performing certain post-sale obligations for Even Hotels. Reviewing SCH's financials can provide further assurance regarding the resources available to support the Even Hotels franchise system.