What was the net periodic benefit cost (gain) for Even Hotels in 2024, 2023, and 2022?

According to Even Hotels' 2025 Franchise Disclosure Document, the net periodic benefit cost (gain) is detailed in Item 23. For the years ended December 31, 2024, 2023, and 2022, the amounts are $1,517, $1,656, and $1,536 respectively. These figures represent the costs associated with employee benefit plans, which include service costs, interest costs, and amortization of unrecognized actuarial gains or losses.

It's important to note that these costs can fluctuate due to various factors such as changes in actuarial assumptions, interest rates, and the overall performance of benefit plan assets. For instance, the amortization of unrecognized actuarial loss (gain) was reported as $478, ($597), and ($639) for the respective years, indicating variability in actuarial estimates. These fluctuations can impact the overall net periodic benefit cost (gain) reported by Even Hotels.

Prospective franchisees should understand that these benefit costs are part of the overall financial picture of Even Hotels and can influence the company's profitability. While these costs may not directly impact franchisees, they reflect the company's commitment to employee benefits, which can be a factor in attracting and retaining talent. Franchisees may want to inquire about the stability and predictability of these costs to better understand the financial health of the franchisor.