As of the Even Hotels FDD, what was the most recent year for which SCH's audited financial statements are provided?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
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 most recent year for which Six Continents Hotels, Inc. (SCH)'s audited financial statements are included is December 31, 2024. The FDD includes SCH's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
These financial statements are important for prospective Even Hotels franchisees because SCH commits to perform certain post-sale obligations. Therefore, reviewing SCH's financial health can provide insight into their ability to meet these commitments. Franchisees should carefully examine these statements to assess the financial stability of SCH.
It is standard practice for franchisors to include several years of audited financial statements in their FDDs. This allows potential franchisees to review the franchisor's financial performance over time and identify any trends. The inclusion of three years' worth of statements for SCH aligns with this industry norm, providing a reasonable basis for evaluation.