What exhibit describes the 'Approved Location' for a Springhill Suites By Marriott franchise?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
elated activities, including any such actions or inactions that would constitute a violation of money laundering or terrorist financing laws and regulations.
"Application Fee" is defined in Section 3.1.
"Appr
Source: Item 16 — FINANCING OF THE HOTEL (FDD pages 206–257)
What This Means (2025 FDD)
According to the 2025 Springhill Suites By Marriott Franchise Disclosure Document, the 'Approved Location' is initially described in Item 2 of Exhibit A. Exhibit C may also contain updates to the approved location via a letter agreement issued by the franchisor.
Exhibit A primarily outlines key terms of the franchise agreement, including the trade names, the specific address of the approved location, the effective date, the term of the agreement, and details about the franchisor and franchisee. It also specifies the number of guestrooms and addresses any additional businesses that might be part of the hotel operations.
Exhibit C pertains to new developments and construction of the hotel at the approved location. It includes deadlines for construction commencement and hotel opening, as well as other terms related to the construction process. Franchisees should pay close attention to these exhibits to understand the specifics of their approved location and the obligations related to developing the hotel.