Are any of the initial investment expenditures for an Even Hotels franchise refundable?

According to Even Hotels' 2025 Franchise Disclosure Document, the franchisor states that the initial investment expenditures are generally non-refundable. The document indicates that to Holiday's (the franchisor) knowledge, none of the expenditures described in Item 7 are refundable unless explicitly stated otherwise.

This means that a prospective Even Hotels franchisee should carefully consider all the costs involved in setting up the franchise, as these costs are unlikely to be recovered if the franchisee decides not to proceed with the venture. The initial investment can vary significantly based on factors such as the size of the hotel, land costs, construction expenses, potential delays, necessary amenities, and overall economic conditions.

Given this information, it is crucial for potential Even Hotels franchisees to conduct thorough due diligence and seek professional advice before making any financial commitments. Understanding which fees, if any, might be refundable under specific circumstances is an important part of assessing the financial risk involved in opening an Even Hotels franchise.