What is included in 'Equity Interests' related to a Hawthorn Suites By Wyndham franchise?
Hawthorn_Suites_By_Wyndham Franchise · 2025 FDDAnswer from 2025 FDD Document
SCHEDULE B
PART I: YOUR OWNERS: Name and Address Ownership Percentage Type of Equity Interest Office Held (Title) PART II: HAWTHORN FACILITY Number of approved Suites: SUITES Initial
Source: Item 22 — CONTRACTS (FDD page 92)
What This Means (2025 FDD)
According to Hawthorn Suites By Wyndham's 2025 Franchise Disclosure Document, Schedule B, Part I requires franchisees to provide information about their owners. This includes the name and address of each owner, their ownership percentage in the franchise, the type of equity interest they hold, and their official title or office held within the franchise's ownership structure. This information is crucial for Hawthorn Suites By Wyndham to understand the ownership and management structure of each franchise location.
Specifically, the FDD requires disclosure of the 'Type of Equity Interest'. This could include common stock, preferred stock, partnership interests, membership interests in an LLC, or other forms of ownership. The specific type of equity interest will determine the owner's rights and responsibilities within the franchise.
This level of detail allows Hawthorn Suites By Wyndham to assess the stability and experience of the franchise's ownership, ensuring that franchisees have a vested interest in the success of the business and are qualified to manage and operate the hotel according to Hawthorn Suites By Wyndham standards. Prospective franchisees should be prepared to fully disclose this information as part of their franchise application.