What was the total revenue for Even Hotels' hotel operations 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 hotel operations for the year ended December 31, 2023, was $88,417 thousand. This figure represents the revenue generated specifically from the operation of hotels, including room sales, food and beverage, and other related services. It's important to note that this is a revised figure.
For a prospective Even Hotels franchisee, understanding the revenue from hotel operations is crucial as it reflects the core business performance. This number, combined with other revenue streams like fee business and system fund contributions, contributes to the overall financial health of the Even Hotels brand. A franchisee should analyze these figures in conjunction with the associated operating expenses to determine the profitability and efficiency of the hotel operations.
When evaluating this data, potential franchisees should also consider the revisions made to the 2023 figures, as indicated in the FDD. Revisions can occur for various reasons, such as accounting adjustments or updated financial information. Understanding the nature and impact of these revisions is essential for an accurate assessment of the brand's financial performance. Furthermore, comparing the hotel operations revenue with previous years (2022 and 2024) can provide insights into the growth trends and stability of this revenue stream.
In summary, the $88,417 thousand in hotel operations revenue for 2023 is a key indicator of the brand's performance. Prospective franchisees should carefully examine this figure, along with the context provided by other financial data and revisions, to make an informed investment decision.