Who are the parties involved in the Three-Party Agreement for a Hawthorn Suites By Wyndham franchise?
Hawthorn_Suites_By_Wyndham Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Three-Party Agreement (the "Agreement") is made and entered into as of, 20 by |
|---|
| and among |
| ("Lender"); |
| ("Franchisee"); and |
| ("Franchisor" or "Company"). |
| Lender, Franchisee, and Franchisor each are referred to as a "Party" and collectively are referred to as the |
| "Parties." |
| RECITALS |
| A. |
| The Franchise Agreement. Franchisee and Franchisor entered into that certain franchise, |
| license or membership agreement, dated, 20 |
| (the "Franchise Agreement"), related to a |
| guest lodging facility located at, designated as Unit # |
| (the "Facility"). The Franchise |
| Agreement and certain ancillary agreements related to the Franchise Agreement collectively are referred to |
| as the "Primary Agreements." Pursuant to the Primary Agreements, Franchisee operates the Facility as a |
| ® franchised location. Capitalized terms used and not defined in this Agreement shall have the |
Source: Item 22 — CONTRACTS (FDD page 92)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the parties involved in the Three-Party Agreement for a Hawthorn Suites By Wyndham franchise are the Lender, the Franchisee, and the Franchisor, also referred to as the Company. Each of these parties is individually referred to as a "Party," and collectively, they are known as the "Parties."
The Three-Party Agreement is established as of a specific date in 20--, and it involves a franchise, license, or membership agreement between the Franchisee and Franchisor. This agreement pertains to a guest lodging facility located at a designated unit number. The Franchise Agreement and related ancillary agreements are collectively termed the "Primary Agreements," under which the Franchisee operates the Facility as a Hawthorn Suites By Wyndham franchised location.
This agreement is crucial when a franchisee requires financing to establish or operate their Hawthorn Suites By Wyndham location. The lender, as a party to the agreement, has specific rights and obligations related to the franchise, ensuring that their investment is protected while supporting the franchisee's business operations. The agreement outlines the roles, responsibilities, and relationships between the lender, franchisee, and franchisor, providing a framework for how these parties will interact throughout the term of the franchise agreement.