For a new construction Even Hotels franchise, what estimated costs are included in the total?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
------------------|------------------| | Address: | City: | | State/Province: | Zip/Postal Code: | | Country: | | | Telephone: | | | Related to the Applicant? | No | | Yes. Descri
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the estimated hotel project costs for new construction include land, construction, FF&E (furniture, fixtures, and equipment), and other costs. These individual costs are added together to reach a total estimated cost for the new construction project. The FDD provides a template for franchisees to estimate these costs. However, the actual dollar amounts are not specified in this section of the document.
For franchisees considering converting an existing property to an Even Hotels franchise, the estimated costs include the purchase price or current market value, renovation or upgrade costs, and other costs. These costs are also summed to provide a total estimated cost for a conversion project. The asterisk indicates that these are estimated values.
Prospective franchisees should use this section to provide additional details about their specific project. This information is important for IHG (InterContinental Hotels Group, the parent company of Even Hotels) to review the franchise application and assess the financial viability of the project. Franchisees should carefully consider each of these cost categories and conduct thorough due diligence to arrive at realistic estimates for their specific location and project scope.