factual

What is the length of the license term for an Even Hotels conversion?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

Provision Section In Summary
Agreement
a. Length of the license Term License: 11.A The term begins on the Effective Date and expires 20 years Hotel opens in the Brand System for a new development; 10 years or more from date Hotel opens in the Brand System for a conversion; and 10 years or more from Effective Date for a change of ownership or re licensing.
b. Renewal or extension of term License: 11.A The License does not provide for renewal or term extensions.
c. Requirements for you to Renew or Extend N/A The License does not provide for renewal or term extensions. If we agree to Re-license, you may be asked to sign a contract with materially different terms and conditions than your original contract.

Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 87–90)

What This Means (2025 FDD)

According to Even Hotels' 2025 Franchise Disclosure Document, the length of the license term depends on the type of hotel opening. Specifically, for a conversion hotel, the license term is 10 years or more from the date the hotel opens within the Even Hotels Brand System.

This means that if you convert an existing hotel to an Even Hotels franchise, the initial term of your franchise agreement will be at least 10 years. The actual length of the term may be longer, as the FDD states "10 years or more".

It is important to note that the Even Hotels license agreement does not provide for renewals or extensions. If you wish to continue operating the Even Hotels franchise after the initial term, you may be asked to sign a new agreement with potentially different terms and conditions.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.