When is the Extension Fee due for a Hawthorn Suites By Wyndham franchise, and how much is it?
Hawthorn_Suites_By_Wyndham Franchise · 2025 FDDAnswer from 2025 FDD Document
ntenance | | | |
| Name of Fee | Amount | Due Date | Remarks 1 |
|---|---|---|---|
| Remedies, Non-Compliance and Other | party for preventative maintenance service, including a mobile application, provided by a third party to help you manage your housekeeping and maintenance processes. We may offer as an option or, in the future, mandate a certain program or provider. (See Item 11) | ||
| Extension Fee | $10,000. | Within 10 days of Opening Date. | Payable any time we agree to extend your opening deadlines beyond those dates establish |
Source: Item 6 — OTHER FEES (FDD pages 27–44)
What This Means (2025 FDD)
According to Hawthorn Suites By Wyndham's 2025 Franchise Disclosure Document, an Extension Fee of $10,000 is required if the franchisor agrees to extend the franchisee's opening deadlines beyond the dates established in Schedule D of the Franchise Agreement. This fee is payable within 10 days of the Opening Date.
This fee is charged when Hawthorn Suites By Wyndham grants an extension to the franchisee for meeting the opening deadlines outlined in their agreement. This suggests that franchisees should make every effort to adhere to the initial opening schedule to avoid incurring this additional cost. The need for an extension might arise from unforeseen delays in construction, permitting, or other factors affecting the property's readiness.
It is important for prospective Hawthorn Suites By Wyndham franchisees to carefully review Schedule D of the Franchise Agreement to understand the initial opening deadlines and plan accordingly. Franchisees should also maintain open communication with Hawthorn Suites By Wyndham regarding any potential delays to assess the likelihood of obtaining an extension and the associated fee. Understanding the circumstances under which extensions are granted and the consistency of their application can be valuable insights gained during the due diligence process.