What was the value of Even Hotels' goodwill and intangible assets, net, as of December 31, 2024?

According to Even Hotels' 2025 Franchise Disclosure Document, the values of goodwill and intangible assets are detailed in the notes to the consolidated financial statements. Specifically, as of December 31, 2024, the document provides a breakdown of these assets in thousands of dollars. A prospective franchisee can use this information to understand the financial structure and asset composition of Even Hotels. This is a standard practice in FDDs, allowing potential franchisees to assess the financial health and stability of the franchise system.

The FDD states that no impairment of goodwill and indefinite-lived intangible assets (trademarks) was recorded for the years ended December 31, 2024, 2023 and 2022. At December 31, 2024, the average remaining term for other intangible assets is eleven years. Amortization expense on finite-lived intangible assets recorded in the years ended December 31, 2024, 2023 and 2022, was $4.6 million, $5.7 million and $5.1 million, respectively. Additional amortization expense of $1.0 million, $1.0 million and $0.9 million has been charged to the System Fund in the years ended December 31, 2024, 2023 and 2022, respectively, and is included in 'System Fund and reimbursable expenses' on the consolidated statements of net income.

While the FDD mentions goodwill and intangible assets, it does not provide a specific net value for these assets as of December 31, 2024. The document includes details on amortization expenses and impairment assessments, but not the overall net value. A potential franchisee would need to request this specific figure from Even Hotels to gain a complete understanding of the company's intangible assets and their net value. Understanding the net value of goodwill and intangible assets can help a franchisee assess the long-term value and stability of the Even Hotels brand.