What was the reported value of land owned by Even Hotels as of December 31, 2024?

Based on the 2025 Franchise Disclosure Document, there is no specific mention of the value of land owned by Even Hotels as of December 31, 2024. While Item 23 includes notes to the consolidated financial statements and discusses property and equipment, it does not break down the value of land separately. The notes do mention property and equipment, which includes hotels owned by the company, related furnishings, and capitalized software, carried at cost less accumulated depreciation and impairment. However, the specific value of land is not itemized.

Item 23 includes details on property and equipment, such as depreciation and amortization expenses, the net book value of capitalized internal-use software, and information on a finance lease for the InterContinental Hotel in Boston. These details provide insight into the company's asset management and financial obligations related to property. However, without a specific figure for land value, it is difficult to assess the company's real estate holdings directly.

A prospective Even Hotels franchisee may want to ask the franchisor for more detailed information about the company's real estate assets, including the value of land owned, to gain a clearer understanding of the company's financial position and investment in real estate. This information could be relevant for assessing the long-term stability and growth potential of the franchise system.