Where can I find SCH's audited financial statements in the Even Hotels FDD?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
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, SCH's (Six Continents Hotels, Inc.) audited financial statements can be found in Exhibit F-2. These statements cover the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
As the parent company, SCH commits to fulfilling certain post-sale obligations for Even Hotels. Therefore, reviewing SCH's financial statements is crucial for prospective franchisees to assess the financial stability and capability of the parent company to support the franchise system.
The audited financial statements provide an overview of SCH's financial performance, including their assets, liabilities, and equity. This information can help potential franchisees evaluate the financial health of the parent company and its ability to meet its obligations to the franchisees. It is a standard practice in franchising to include the parent company's financial statements, especially when the parent provides ongoing support or has financial obligations to the franchise system.