What is the name of the agreement described in this section for Springhill Suites By Marriott franchisees?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
With this letter, you will find the 2025 consulting agreement, the cost for 2025 as well as our service specifications. As noted in your commitment form, it is mandatory that your hotel leverages the One Yield system functionality in partnership the services of Marriott's Revenue Management Advisory Services.
Source: Item 17 — , "Renewal, Termination, Transfer, and Dispute Resolution," is amended by the addition of the following paragraph(s) at the conclusion of the Item: (FDD pages 285–553)
What This Means (2025 FDD)
According to the 2025 Springhill Suites By Marriott Franchise Disclosure Document, the agreement described in the provided section is referred to as the consulting agreement. This agreement is mentioned in a letter addressed to the General Manager of a property, indicating a partnership for the year 2025. The letter includes the 2025 consulting agreement, the associated cost for 2025, and the service specifications.
The agreement mandates that the hotel utilizes the One Yield system functionality in partnership with Marriott's Revenue Management Advisory Services. This suggests that Springhill Suites By Marriott franchisees are required to engage in revenue management advisory services provided by Marriott, utilizing a specific system (One Yield) as part of their operational strategy.
This requirement has implications for franchisees as it dictates a specific approach to revenue management and potentially involves ongoing costs for the consulting services. Prospective franchisees should carefully review the terms of the consulting agreement, including the scope of services, associated costs, and the obligations of both the franchisee and Marriott. Understanding these details is crucial for assessing the financial and operational impact of this agreement on the franchise.