Can Holiday, SCH, or GIAC furnish loans or guaranties to Even Hotels licensees?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Holiday does not offer any formal program for direct or indirect financing. Holiday, SCH or its affiliate, General Innkeeping Acceptance Corporation, ("GIAC") may furnish loans or guaranties to licensees.
Holiday, SCH and GIAC consider making loans or guaranties under terms and conditions that would be negotiated on a case-by-case basis with the prospective licensee and any decision to make a loan or provide a guaranty would be made in the judgment of Holiday, SCH or GIAC alone, and conditioned upon approval of the Executive Committee and Board of Directors. It is your responsibility alone to obtain adequate financing for all expenses related to the development, opening and operation of the Hotel.
Source: Item 10 — FINANCING (FDD pages 69–70)
What This Means (2025 FDD)
According to Even Hotels's 2025 Franchise Disclosure Document, Holiday, SCH, or GIAC may furnish loans or guaranties to Even Hotels licensees. However, Even Hotels does not offer any formal program for direct or indirect financing.
The decision to provide loans or guaranties is made on a case-by-case basis, subject to terms and conditions negotiated with the prospective licensee. The decision to make a loan or provide a guaranty is at the sole discretion of Holiday, SCH, or GIAC and requires approval from the Executive Committee and Board of Directors.
The FDD emphasizes that it is the franchisee's responsibility to secure adequate financing for all expenses related to the development, opening, and operation of the Even Hotels location. This indicates that while financing assistance may be available from the franchisor or its affiliates, it is not guaranteed and should not be relied upon as the primary source of funding.