When is the Property Improvement Plan (PIP) fee due for an Even Hotels location?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
e Application Fee is nonrefundable.
PROPERTY IMPROVEMENT PLAN "PIP":
Before you submit an application for a conversion, re-licensing, change of ownership or brand change, you must arrange for Holiday to conduct an inspection of the Hotel so that Holiday can prepare a PIP for the upgrading, construction and furnishing of the Hotel in accordance with the then-current Standards. There is a nonrefundable $10,000 fee for the inspection of your Hotel and the preparation of the PIP (see also Item 6) due at the time the PIP is prepared. In the case of a conversion hotel, Holiday will not authorize your Hotel to open until you complete all PIP requirements, including submission of plans before the start of construction in accordance with the dates specified in your License and Attachment "B" of your License (see Item 11). In the event the hotel fails its opening inspection, Holiday m
Source: Item 5 — INITIAL FEES (FDD pages 27–30)
What This Means (2025 FDD)
According to Even Hotels's 2025 Franchise Disclosure Document, a $10,000 nonrefundable fee for the inspection of your hotel and the preparation of the Property Improvement Plan (PIP) is due at the time the PIP is prepared. This fee is required before submitting an application for a conversion, re-licensing, change of ownership, or brand change.
The PIP outlines the upgrades, construction, and furnishing needed to meet the current Even Hotels standards. For conversion hotels, Even Hotels will not authorize the hotel to open until all PIP requirements are completed, including submitting plans before construction starts, according to the dates specified in the License and Attachment "B" of the License.
Furthermore, if the hotel fails its opening inspection, Even Hotels may charge an additional $5,000 plus expenses for each re-evaluation and re-inspection. This highlights the importance of adhering to the PIP requirements to avoid additional costs and delays in opening the Even Hotels location.