When is the Even Hotels royalty fee due?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF FEE | AMOUNT | DUE DATE | REMARKS |
|---|---|---|---|
| Royalty | |||
| Royalty | 5% of Gross Rooms Revenue (“GRR”). | Monthly, on the 15th of the following month (Payable to Holiday) | Note 1 |
Source: Item 6 — OTHER FEES (FDD pages 30–52)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the royalty fee, calculated as 5% of Gross Rooms Revenue (GRR), is due monthly on the 15th of the following month. This payment is made to Holiday, which is likely a related entity or parent company responsible for collecting these fees.
In practical terms, this means that an Even Hotels franchisee must calculate their Gross Rooms Revenue for each month and remit 5% of that amount by the 15th of the subsequent month. For example, revenue generated in January would have the royalty payment due on February 15th. This consistent monthly obligation is a significant factor in the franchisee's ongoing operating expenses and must be carefully budgeted for.
Additionally, Even Hotels franchisees should be aware of other fees that are also due monthly, such as the Services Contribution, Loyalty Program Contribution, Travel Agent Commissions, IHG Ignite Digital Marketing Fees, TMC Revenue Program, GDS Fees, IHG Business Edge Program Booking Fees, Guest Internet Access fees, Guest In-Room Entertainment fees, and F&B POS Support fees. Understanding the due dates and amounts of all these fees is crucial for maintaining good standing with the franchisor and accurately forecasting cash flow.