factual

For the Even Hotels financial statements, what years are covered by the consolidated statements of net income, comprehensive income, changes in parent's investment, and cash flows?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

We have audited the accompanying consolidated financial statements of Six Continents Hotels, Inc. and its subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of net income, of comprehensive income, of changes in parent's investment and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the "consolidated financial statements").

Source: Item 23 — RECEIPTS (FDD pages 99–438)

What This Means (2025 FDD)

According to Even Hotels' 2025 Franchise Disclosure Document, the consolidated financial statements include an audit report that covers the consolidated statements of net income, comprehensive income, changes in parent's investment, and cash flows for each of the three years in the period ended December 31, 2024. This means the statements provide a financial overview for the years 2022, 2023, and 2024.

Prospective franchisees can review these statements to understand the financial performance of Six Continents Hotels, Inc., the parent company of Even Hotels, over the three-year period. This historical data can help in assessing the financial stability and profitability trends of the company.

It is important to note that these are consolidated statements, reflecting the financial performance of the parent company and its subsidiaries, not just the Even Hotels brand. While this provides a broader view of the organization, franchisees should also seek brand-specific financial information to better understand the performance of Even Hotels itself. Reviewing the notes accompanying the consolidated financial statements is also crucial for understanding the accounting principles and any specific factors that may have influenced the reported results.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.