Where can I find the term length of the Springhill Suites By Marriott franchise agreement?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| franchise agreement l | heet (the " Term Sheet ") outlines the principal business terms for a proposed between (together with its Affiliates, " Franchisee ") anchisor") for a hotel and its related facilities (the " Hotel ") at (the " Site ") under the SpringHill Suites by Marriott brand (" Brand "). |
|---|---|
| Number of Guestrooms: | Approximately []. |
| Term: | [] years after the hotel opens as a Brand Hotel. |
Source: Item 23 — RECEIPTS (FDD pages 139–206)
What This Means (2025 FDD)
According to the 2025 Springhill Suites By Marriott Franchise Disclosure Document, the term length is outlined in the Term Sheet. The franchise agreement lasts for a specific duration after the hotel opens as a branded Springhill Suites By Marriott location.
The Term Sheet specifies the principal business terms for the proposed franchise agreement between the franchisee and franchisor for a hotel operating under the SpringHill Suites by Marriott brand. This document is crucial as it sets the foundation for the entire franchising relationship, including the duration of the agreement.
Prospective franchisees should carefully review the Term Sheet within the FDD to understand the exact number of years the franchise agreement will be in effect. Knowing the term length is essential for long-term business planning and investment decisions. The term begins once the hotel is operational as a Springhill Suites By Marriott, so franchisees need to factor in the time required for development and opening when assessing the overall duration of their commitment.