How many Even Hotels franchises in Georgia were not renewed during 2023?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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. 9) Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Connecticut | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 |
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 non-renewals of Even Hotels franchises in Georgia during 2023. The provided table in Item 20 outlines the franchise activity across various states. In Georgia, Even Hotels reported 2 outlets at the start of 2023, with no outlets opened, terminated, non-renewed, reacquired by the franchisor, or ceasing operations for other reasons during that year. Consequently, the number of Even Hotels outlets in Georgia remained at 2 by the end of 2023. This indicates stability in the Georgia market for Even Hotels during that period.
For a prospective franchisee, this data suggests that Even Hotels has maintained its presence in Georgia without any franchise agreements ending due to non-renewal. This could be interpreted as a positive sign, indicating that franchisees in Georgia are generally satisfied with their agreements and choose to continue operating under the Even Hotels brand. However, it is essential to consider this information in conjunction with other factors, such as the overall performance and profitability of these locations, which are not detailed in this table.
It is also important to note that this data only reflects non-renewals and does not account for other potential reasons for franchise terminations or closures. A prospective franchisee should investigate further into the reasons behind any franchise terminations or closures in other states to gain a comprehensive understanding of the risks and opportunities associated with investing in an Even Hotels franchise. Additionally, understanding the specific terms and conditions of the franchise agreement regarding renewal options is crucial for making an informed decision.