Are the financial statements for Holiday in the Even Hotels FDD audited?

According to Even Hotels' 2025 Franchise Disclosure Document, the financial statements for Holiday Hospitality Franchising, LLC are indeed audited. Item 21 of the FDD states that Exhibit F-1 includes Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. This indicates that a certified public accounting firm has examined the financial records and provided an opinion on their fairness and accuracy.

Furthermore, the FDD includes a "Report of Independent Auditors" addressed to the Management of Holiday Hospitality Franchising, LLC. This report contains an opinion stating that the financial statements of the company present fairly its financial position as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the three years ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America. The report also outlines the responsibilities of both the management and the auditors in preparing and auditing the financial statements.

Having audited financial statements provides a level of assurance to potential Even Hotels franchisees regarding the financial health and stability of Holiday Hospitality Franchising, LLC. This is a common practice in franchising, as it allows prospective franchisees to make informed decisions based on reliable financial information. Franchisees can review these statements to assess the franchisor's revenue, expenses, assets, and liabilities, which can help them evaluate the overall risk and potential return of investing in an Even Hotels franchise.