Did the franchisor reacquire any Even Hotels outlets in Illinois during 2022?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| (Col. 1) | (Col. 2) | (Col. 3) | (Col. 4) | (Col. 5) | (Col. 6) | (Col. 7) | (Col. 8) | (Col. 9) | |----------|----------|----------|----------|--------------|----------|------------|------------|----------| | State | Year | Outlets | Outlets | Terminations | Non | Reacquired | Ceased | Outlets | | | | at Start of Year | Opened | | Renewals | by Franchisor | Operations – Other Reasons | at End of Year | | Colorado | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 Table 3 includes hotels that an affiliate of Holiday manages, but others own. As of December 31, 2024, Holiday's affiliates managed 5 EVEN Hotels.
88
| (Col. 1) State | (Col. 2) Year | (Col. 3) Outlets at Start of Year | (Col. 4) Outlets Opened | (Col. 5) Terminations | (Col. 6) Non Renewals | (Col. 7) Reacquired by Franchisor | (Col. 8) Ceased Operations – Other Reasons | (Col.
Source: Item 20 — OUTLETS AND LICENSEE INFORMATION LICENSED STORE STATUS SUMMARY (FDD pages 94–98)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, there were no reacquired locations in Illinois during 2022. The table provided in Item 20, which summarizes the status of licensed stores, indicates that in 2022, Illinois had one Even Hotels outlet at the start of the year, zero outlets were opened, and zero were reacquired by the franchisor. At the end of 2022, Illinois still had one outlet.
This information is relevant to potential franchisees as it provides insight into the stability and changes within the Even Hotels franchise system. The absence of reacquired locations in Illinois for the year 2022 could be interpreted positively, suggesting that the existing franchise location was performing adequately under its franchisee's management.
However, it is essential to consider this data in conjunction with other factors, such as terminations or non-renewals, to gain a comprehensive understanding of the franchise's health in Illinois. A prospective franchisee should further investigate the performance and history of the specific Illinois location to assess its potential for success.