For Even Hotels, what is the ultimate deadline for completing construction and opening the hotel for business?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Notwithstanding the occurrence of any events constituting force majeure, or any other cause, construction shall be completed and the Hotel shall be furnished, equipped and shall otherwise be made ready to open for business in accordance with the License not later than the Opening Deadline set forth in Attachment "A" (or such other date as IHG and Licensee may agree in writing).
Licensee shall cause the Hotel to be constructed according to the Final Plans and the FF&E Specs approved by IHG, and IHG shall determine at its election whether construction has been
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, construction must be completed, and the hotel furnished, equipped, and ready to open for business by the Opening Deadline outlined in Attachment "A". This deadline can be extended if both Even Hotels and the franchisee agree to a different date in writing.
Even if events constituting force majeure occur, the construction and preparation for opening must still meet this deadline, unless an alternative agreement is reached with Even Hotels. The franchisee is responsible for ensuring the hotel is built according to the approved Final Plans and FF&E Specs. Even Hotels has the discretion to determine whether construction aligns with these plans.
It is important to note that Even Hotels may allow the franchisee to open and operate the hotel even if all terms of the license agreement have not been fully met. However, this is conditional on the franchisee fulfilling all remaining obligations by the dates Even Hotels establishes. Failure to complete additional work on time constitutes a default under the license.