What is the total revenue for Even Hotels' fee business in 2023 (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 2023 was $869,949. This figure represents the income Even Hotels generated through franchising activities, such as royalty fees and other charges collected from franchisees operating under the Even Hotels brand and other related brands. This revenue stream is a critical component of Even Hotels' overall financial performance, reflecting the strength and reach of its franchise network.
For a prospective Even Hotels franchisee, understanding the fee business revenue is essential as it provides insight into the financial stability and brand recognition of the franchise system. A higher fee business revenue generally indicates a well-established and profitable franchise network, which can be an attractive factor for potential franchisees. It also suggests that the franchisor has a robust system for collecting and managing fees, ensuring a steady income stream.
It's important to note that the $869,949 figure is part of the total revenues, which also include hotel operations, other sources, and system fund and reimbursable revenues. When evaluating the overall financial health of Even Hotels, prospective franchisees should consider all revenue streams and operating expenses. Additionally, the FDD includes revised figures for 2023 and 2022, indicating potential adjustments or corrections to previously reported data, which franchisees should be aware of.
In summary, the fee business revenue of $869,949 in 2023 highlights the importance of franchise-related income to Even Hotels. This information, combined with other financial data in the FDD, helps potential franchisees assess the financial viability and growth potential of investing in an Even Hotels franchise.