factual

What is the name of the agreement outlined in this section for Springhill Suites By Marriott franchisees?

Springhill_Suites_By_Marriott Franchise · 2025 FDD

Answer 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 Springhill Suites By Marriott's 2025 Franchise Disclosure Document, the agreement outlined in Exhibit L is referred to as the "consulting agreement". This agreement includes the cost for 2025 and the service specifications. The document specifies that it is mandatory for hotels to use the One Yield system functionality in partnership with Marriott's Revenue Management Advisory Services, as noted in the commitment form.

This consulting agreement appears to be a mandatory service that Springhill Suites By Marriott franchisees must engage in, specifically involving revenue management advisory services. The agreement ensures that each hotel leverages the One Yield system, which likely helps optimize pricing and revenue strategies. The inclusion of a commitment form suggests that franchisees acknowledge and agree to these terms as part of their initial obligations.

Prospective franchisees should carefully review the service specifications and costs associated with this consulting agreement to fully understand the financial implications and the scope of services provided. Understanding the details of the One Yield system and Marriott's Revenue Management Advisory Services is also crucial to assess how these services will impact the hotel's revenue and operational strategies. Franchisees should also clarify the process for any potential changes to the costs or service specifications in subsequent years.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.