What was the total revenue for Even Hotels' fee business in 2024 (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 a
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, 2024, was $896,837. This figure represents the income Even Hotels generated from franchise royalty fees and other fees associated with their franchise agreements. These fees are a primary revenue source for the company, derived from allowing franchisees to operate under the Even Hotels brand and utilize its intellectual property.
For a prospective Even Hotels franchisee, this number indicates the scale of the franchisor's revenue generation from its franchise system. It reflects the overall health and activity of the franchise network. A higher fee business revenue generally suggests a larger and more active franchisee base, which can be a positive indicator for potential franchisees.
The FDD also provides revised figures for 2023 and 2022, allowing for a year-over-year comparison. The fee business revenue was $869,949 in 2023 and $808,297 in 2022. This historical data can help potential franchisees assess the growth and stability of Even Hotels' revenue streams. Reviewing these trends is a crucial part of evaluating the financial performance of the franchise system.
It is important to note that this fee business revenue does not represent the total revenue of the entire Even Hotels system, as it excludes revenue from hotel operations, system fund contributions, and other sources. Franchisees should consider all revenue streams and expense categories to gain a comprehensive understanding of the franchisor's financial position. Additionally, prospective franchisees should inquire about the specific factors that influence fee revenue, such as the number of operating hotels, royalty rates, and any recent changes in franchise agreements.