What was the total revenue for Even Hotels' hotel operations 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 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 ending December 31, 2024, was $92,579 thousand. This figure represents the revenue generated specifically from the operation of hotels under the Even Hotels brand.
For a prospective franchisee, this indicates the scale of revenue that Even Hotels' hotel operations can generate. It is important to note that this revenue is distinct from other revenue streams such as fee business, other sources, and system fund and reimbursable revenues. Understanding the different revenue streams and their relative contributions can help a franchisee assess the overall financial health and performance of the Even Hotels system.
It's also useful to compare this figure with previous years. In 2023, the hotel operations revenue was $88,417 thousand, and in 2022, it was $78,787 thousand. This shows a trend of increasing revenue from hotel operations over the three-year period. A potential franchisee should investigate the factors driving this growth and whether it is sustainable.
When evaluating this information, a prospective franchisee should also consider the operating expenses associated with generating this revenue. The FDD provides details on various operating expenses, such as property taxes, maintenance, administrative expenses, and system fund expenses. Analyzing both revenue and expenses will provide a more comprehensive understanding of the profitability of Even Hotels' hotel operations.