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What was the total revenue for Even Hotels' System Fund and reimbursable revenues in 2022 (in thousands)?

Q: What was the total revenue for Even Hotels' System Fund and reimbursable revenues in 2022 (in thousands)?

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)

Even_Hotels Franchise · 2025 FDD

Answer 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 System Fund and reimbursable revenues for the year ended December 31, 2022, were $1,880,587. This figure represents the income collected and administered by Even Hotels for specific purposes such as marketing, reservations, hotel services, and the IHG One Rewards program. It also includes proceeds from loyalty point sales and co-branding arrangements.

The System Fund is designed to benefit the entire IHG system, aiming to drive revenue for all hotels operating under franchise and management agreements, as well as those owned, leased, and managed by IHG. The fund is not intended to generate a surplus or deficit for Even Hotels over the long term, but rather to support the overall network.

Reimbursable revenues consist of costs that Even Hotels is entitled to recoup, such as the salaries of the general manager and other employees in managed properties. These reimbursements are shown as revenue, with an equal matching employee cost, resulting in no profit impact. Additionally, certain other costs related to both managed and franchised hotels are contractually reimbursable, and these are also reflected as revenue and cost on a gross basis when Even Hotels acts as the principal service provider.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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