Does the Springhill Suites By Marriott disclosure document include a Term Sheet as an exhibit?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| EXHIBIT A | Term Sheet |
|---|---|
| EXHIBIT B | Application |
| EXHIBIT C | Franchise Agreement and Related Agreements |
| EXHIBIT D | State Amendments to Disclosure Document |
| EXHIBIT E | State Amendments to Franchise Agreement |
| EXHIBIT F | Agents for Service of Process |
| EXHIBIT G | State Regulatory Authorities |
| EXHIBIT H | System Agreements - AT&T Participation Agreement - Electronic Funds Transfer Authorization Form |
| EXHIBIT I | Lodging Laws and Regulations |
| EXHIBIT J | Audited Financial Statements of MIF, L.L.C. for the Three Fiscal Years in the Period Ended December 31, 2024 |
| EXHIBIT K | Manuals, Standards, and Resources |
| EXHIBIT L | Service Agreements - Revenue Management Advisory Services Agreements - Shared Services Agreement - Area Sales and Multi-Hotel Sales - Customer Engagement Center Property Support Services Agreement - Franchise Operations Support Resources Services Agreement - Above Property Room Control Consulting Agreement |
| EXHIBIT M | Open Outlets/Unopened Outlets |
| EXHIBIT N | Former Franchisees |
Source: Item 22 — CONTRACTS (FDD pages 138–139)
What This Means (2025 FDD)
According to Springhill Suites By Marriott's 2025 Franchise Disclosure Document, Exhibit A is a Term Sheet. This means that prospective franchisees will find a Term Sheet included as part of the FDD. The Term Sheet likely outlines the key terms and conditions of the franchise agreement, providing an overview before the complete agreement is reviewed.
Franchise agreements are complex legal documents. A Term Sheet can be a helpful tool for potential Springhill Suites By Marriott franchisees to quickly understand the main points of the agreement, such as fees, royalties, and the length of the franchise term. It serves as a summary, allowing for a more efficient review process.
While the Term Sheet provides an overview, it is crucial for prospective Springhill Suites By Marriott franchisees to carefully review the entire Franchise Agreement and related documents. They should seek legal counsel to fully understand their rights and obligations before making any commitments.