Under what circumstances might the Even Hotels license terms and provisions vary materially?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Holiday may consider granting a license in connection with a long-term rental residential community, condominium or timesharing hotel development project. Because such projects are complex and unique, each project must be considered by Holiday individually. Holiday will determine, according to the unique facts of each proposed development, to what extent variations and additions to the License terms and provisions, including without limitation additional royalties and other fees, are warranted. Therefore, it is probable that License terms and provisions will vary materially for condominium or timesharing hotel developments, but at this time there is no formal program or guidelines with general applicability.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–14)
What This Means (2025 FDD)
According to the 2025 Even Hotels Franchise Disclosure Document, the license terms and provisions may vary materially if the license is granted in connection with a long-term rental residential community, condominium, or timesharing hotel development project. Because these projects are considered complex and unique, Even Hotels will evaluate each project individually to determine the extent to which variations and additions to the license terms are necessary.
The FDD states that Even Hotels will determine if additional royalties and other fees are warranted based on the unique facts of each proposed development. This individualized assessment means that there is no formal program or guidelines with general applicability for these types of projects.
This implies that prospective Even Hotels franchisees interested in developing a condominium or timeshare project should be prepared for a potentially lengthy and complex negotiation process. The financial terms and operational requirements could differ significantly from those outlined in the standard license agreement. It is crucial to carefully review all terms and conditions and seek professional advice before committing to such a project.