How many Even Hotels franchises in Illinois were terminated 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's 2025 Franchise Disclosure Document, there were no terminations of Even Hotels franchises in Illinois during 2023. The provided table summarizes outlet status changes across various states. Specifically, for Illinois in 2023, the table indicates that there was one outlet at the start of the year, no outlets opened, and no terminations. This means the same single Even Hotels location remained in operation throughout 2023 in Illinois.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Even Hotels franchises in specific geographic areas. A history of terminations could indicate potential issues with the franchise model or market conditions in that area. The absence of terminations in Illinois for 2023 suggests a stable market presence for Even Hotels.
It's important to note that this data only reflects the specific year of 2023. Prospective franchisees should review the data for other years and other states to gain a more comprehensive understanding of franchise performance and stability across the Even Hotels system. Additionally, further investigation into the reasons for any terminations in other states could provide valuable insights.