What is the total revenue for Even Hotels' System Fund and reimbursable revenues 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 System Fund and reimbursable revenues for the year ended December 31, 2023, was $2,280,490 (in thousands). This figure represents the income collected and managed by Even Hotels for specific purposes such as marketing, reservations, hotel services, and the IHG One Rewards loyalty program.
The System Fund is designed to benefit the entire IHG system, including franchised, managed, and owned hotels, with the primary goal of driving revenue for these hotels. The fund utilizes assessments from hotel owners, proceeds from loyalty point sales through co-branding arrangements, and direct sales of points to members and third parties.
It is important to note that the System Fund is not intended to generate a surplus or deficit for Even Hotels over the long term. Instead, it is managed to support the IHG system's objectives. For a prospective franchisee, understanding the revenue and expenses related to the System Fund is crucial, as these figures reflect the scale of marketing and support activities that contribute to the overall performance of Even Hotels.