What was the total revenue for Even Hotels' fee business 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 from the fee business in 2023 (revised) was $869,949,000. This figure represents the income Even Hotels generated from franchise fees, which are typically a percentage of gross room revenues. This revenue stream is crucial for Even Hotels as it reflects the income derived from allowing franchisees to operate under the Even Hotels brand and utilize its trademarks and intellectual property.
For a prospective Even Hotels franchisee, understanding the fee business revenue is important because it provides insight into the financial stability and brand strength of the franchisor. A higher fee business revenue generally indicates a well-established and popular brand, which can translate to better support and resources for franchisees. It also shows how much revenue the franchisor makes from royalties and fees from existing franchisees.
It is also useful to compare the fee business revenue with other revenue streams, such as hotel operations and system fund contributions, to get a comprehensive view of Even Hotels' financial performance. The FDD also lists fee business revenues for 2022 and 2024, which allows potential franchisees to identify trends and assess the growth trajectory of the brand. This information is useful for making informed decisions about investing in an Even Hotels franchise.