What was the total revenue for Even Hotels in 2023 (revised) (in thousands)?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
y, no such opinion is expressed.
- x Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- x Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governa
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the total revenue for the brand in 2023 (revised) was $3,543,120,000. This figure encompasses various revenue streams, including fee business, hotel operations, other sources, and System Fund and reimbursable revenues. This indicates the overall financial scale of operations for Even Hotels.
Breaking down the revenue components, fee business contributed $869,949,000, hotel operations generated $88,417,000, other sources accounted for $304,264,000, and System Fund and reimbursable revenues totaled $2,280,490,000. These figures provide a detailed view of where Even Hotels derives its income. For a prospective franchisee, understanding these revenue streams is crucial in assessing the financial health and stability of the franchise system.
It's also important to note that these figures are 'revised,' suggesting that there may have been adjustments made to the initially reported revenues. Franchisees should inquire about the nature of these revisions to gain a clearer understanding of the brand's financial reporting practices and any potential impacts on their own investment. Reviewing past revenue trends and understanding the factors that influence each revenue stream can help franchisees make informed decisions about their investment and operational strategies.