What was the total revenue for Even Hotels' hotel operations in 2022 (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 hotel operations for the year ended December 31, 2022 (revised) was $78,787 thousand. This figure represents the revenue generated directly from the operation of Even Hotels-branded hotels. It's important to note that this is just one component of the total revenue for the company, which also includes revenue from fee business, other sources, and system fund and reimbursable revenues.
For a prospective franchisee, understanding the breakdown of revenue sources is crucial. While hotel operations revenue reflects the income generated from the hotels themselves, other revenue streams contribute significantly to the overall financial picture. Franchisees should investigate how these different revenue streams might impact their own profitability and operational strategies.
It is also important to note that the figure is 'revised,' suggesting that the initial reporting may have been adjusted. Franchisees should inquire about the reasons for these revisions and any potential implications for future financial reporting. Understanding the stability and accuracy of financial data is essential for making informed investment decisions.
In the context of the broader franchise system, this revenue figure provides insight into the performance of Even Hotels' hotel operations relative to other revenue streams. Potential franchisees should compare these figures with industry benchmarks and the performance of similar hotel franchises to assess the competitiveness and potential of the Even Hotels brand.