What is the 'Effective Date' referring to in the context of the Surestay Hotel By Best Western Rider?
Surestay_Hotel_By_Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Effective Date" means the date set out in the Addendum on which this Agreement becomes effective.
Source: Item 23 — Receipts (FDD pages 88–286)
What This Means (2025 FDD)
According to Surestay Hotel By Best Western's 2025 Franchise Disclosure Document, the Effective Date refers to the date specified in the Addendum to the Franchise Agreement on which the agreement officially takes effect.
This date is significant because it marks the commencement of the contractual relationship between Surestay Hotel By Best Western and the franchisee. Several key milestones and deadlines are calculated from this date. For instance, the franchise application states that conversion hotels have 90 days from the Effective Date to activate as a Surestay Hotel By Best Western branded hotel, while new construction hotels have two years. Additionally, the Addendum specifies that the Required Opening Date is due three months from the Effective Date.
Prospective franchisees should pay close attention to the Effective Date, as it triggers various obligations and deadlines outlined in the Franchise Agreement and its Addendum. Understanding this date is crucial for planning the launch and operation of their Surestay Hotel By Best Western franchise.