What were the other hotel operations expenses for Even Hotels in 2023 (in thousands)?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31 | |||||
|---|---|---|---|---|---|
| 2024 | 2023 Revised ¹ | 2022 Revised ¹ | |||
| Revenues | |||||
| Fee business | $ | 896,837 | $ 869,949 | $ | 808,297 |
| Hotel operations | 92,579 | 88,417 | 78,787 | ||
| Other | 339,236 | 304,264 | 264,377 | ||
| System Fund and reimbursable revenues | 2,425,248 | 2,280,490 | 1,880,587 | ||
| Total revenues | 3,753,900 | 3,543,120 | 3,032,048 | ||
| Operating expenses | |||||
| Bad debt expense (release) (Note 2) | 9,170 | (1,988) | (3,495) | ||
| Property and other taxes, insurance and leases | 25,576 | 46,084 | 49,435 | ||
| Maintenance and repairs | 51,344 | 59,588 | 48,991 | ||
| General and administrative expenses | 574,738 | 563,909 | 414,334 | ||
| Other hotel operations | 9,038 | 7,798 | 7,397 | ||
| Mark-up cost charged by affiliated companies | 12,904 | 16,240 | 12,684 | ||
| Allocation of expenses to affiliated companies | (155,437) | (168,690) | (134,560) | ||
| Depreciation and amortization of software | 32,766 | 33,911 | 36,042 | ||
| Amortization of finite-lived intangible assets | 4,636 | 5,734 | 5,088 | ||
| Impairment loss | 2,466 | – | – | ||
| System Fund and reimbursable expenses | 2,506,056 | 2,267,068 | 1,988,196 | ||
| Total operating expenses | 3,073,257 | 2,829,654 | 2,424,112 |
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the other hotel operations expenses for the year 2023 were $7,798. This figure is presented in thousands of dollars, meaning the actual expense was $7,798,000.
This expense is part of the broader category of operating expenses, which totaled $2,829,654 (in thousands) for Even Hotels in 2023. Other significant operating expenses included general and administrative expenses ($563,909 in thousands), maintenance and repairs ($59,588 in thousands), and property and other taxes, insurance, and leases ($46,084 in thousands).
Prospective Even Hotels franchisees should consider this figure as part of their overall assessment of operating costs. Understanding the breakdown of these expenses can help in budgeting and financial planning. It's important to note that these figures reflect system-wide data and may not directly translate to the expenses of an individual franchise location. Franchisees should inquire about location-specific factors that could influence these costs.