table_specific

What was the net change in the number of Even Hotels licensed outlets during 2024?

Even_Hotels Franchise · 2025 FDD

Answer from 2025 FDD Document

(Column 1) Outlet Type (Column 2) Year (Column 3) Outlets at the Start of the Year (Column 4) Outlets at the End of the Year (Column 5) Net Change
Licensed 2022 19 19 0
2023 19 19 0
2024 19 22 +3
Company-Owned 2022 0 0 0
2023 0 0 0
2024 0 0 0
Total Outlets 2022 19 19 0
2023 19 19 0
2024 19 22 +3

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, the net change in the number of licensed outlets during 2024 was an increase of 3. Specifically, the number of licensed Even Hotels outlets started at 19 at the beginning of 2024 and ended the year at 22. This indicates a positive growth in the number of licensed locations for the Even Hotels brand during that year.

This information is valuable for potential franchisees as it provides insight into the recent growth trend of the Even Hotels franchise system. A net increase suggests that the brand is expanding and attracting new franchisees. However, it is important to consider this figure in the context of previous years. In 2022 and 2023, the net change was 0, with 19 outlets at both the start and end of each year. The increase in 2024 could signal a change in momentum for the brand.

Prospective franchisees should investigate the reasons behind this increase. Was it due to successful marketing efforts, improved franchisee support, or other factors? Understanding the drivers of growth can help franchisees assess the potential for future success with the Even Hotels brand. Additionally, it would be prudent to compare these figures with those of other similar hotel franchises to gauge Even Hotels' performance relative to its competitors.

While the FDD provides data on net change, it does not detail the specific reasons for outlet changes (e.g., new openings vs. closures). A potential franchisee should ask Even Hotels for more detailed information on the number of new openings and closures that contributed to the net change of +3 in 2024. This will provide a more complete picture of the health and stability of the franchise system.

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.