What is the Unit # designation referring to in the Three-Party Agreement for Hawthorn Suites By Wyndham?
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 |
Source: Item 22 — CONTRACTS (FDD page 92)
What This Means (2025 FDD)
According to Hawthorn Suites By Wyndham's 2025 Franchise Disclosure Document, the "Unit #" designation in the Three-Party Agreement refers to the specific guest lodging facility location. The Three-Party Agreement involves the lender, franchisee, and franchisor and outlines the terms related to the franchise agreement and the loan provided by the lender.
Specifically, the franchise agreement, which is related to a guest lodging facility, is located at a place designated as "Unit #." This number serves to identify the particular Hawthorn Suites By Wyndham location that is subject to the agreement. This is important for clarity in the agreement, ensuring all parties understand which facility the agreement pertains to.
For a prospective franchisee, this means that the physical location of their Hawthorn Suites By Wyndham will be clearly identified in the Three-Party Agreement using a specific unit number. This ensures that the lender, franchisee, and Hawthorn Suites By Wyndham are all in agreement regarding the property associated with the franchise and the loan. This designation helps avoid confusion and ensures that all contractual obligations are tied to a specific, identifiable location.