What was the total revenue for Even Hotels' fee business in 2022 (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 from the fee business for the year ended December 31, 2022, was $808,297. This figure represents the revenue generated through franchising activities, such as royalty fees and other charges collected from franchisees operating Even Hotels locations. These fees are a primary source of income for Even Hotels as a franchise system.
For a prospective Even Hotels franchisee, understanding the fee business revenue is crucial as it reflects the financial health and stability of the franchisor. A higher fee business revenue generally indicates a strong and well-performing franchise system, which can be an attractive factor for potential franchisees. It also demonstrates the franchisor's ability to generate income from its existing network of hotels.
It's important to note that this figure is part of the overall revenue picture for Even Hotels, which also includes revenue from hotel operations, other sources, and the System Fund. While the fee business revenue provides insight into the franchising aspect of the business, a comprehensive analysis of all revenue streams and operating expenses is necessary to fully assess the financial performance of Even Hotels. Franchisees should also be aware that the quoted figure is 'Revised,' suggesting possible adjustments or corrections to the initially reported revenue, which is a common practice in financial reporting.