When does the initial term for a Surestay Hotel By Best Western franchise begin?
Surestay_Hotel_By_Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
Expiration Date: All Properties —fifteen (15) years from Opening or such other Term we may approve Change of Ownership — Remaining Term under the existing franchise agreement or such other Term we may approve
Source: Item 23 — Receipts (FDD pages 88–286)
What This Means (2025 FDD)
According to the 2025 Surestay Hotel By Best Western Franchise Disclosure Document, the initial franchise term typically begins upon the hotel's opening. The addendum to the franchise agreement states that the expiration date for all properties is fifteen years from the opening date, or another term that Surestay Hotel By Best Western may approve. For a change of ownership, the term is the remaining term under the existing franchise agreement, or another term that Surestay Hotel By Best Western approves.
This means that a franchisee can expect to operate their Surestay Hotel By Best Western for 15 years from when it opens, unless an alternative term is negotiated and approved by the franchisor. This provides a defined period for franchisees to recoup their investment and operate the business. The initial term is tied to the opening date of the hotel, ensuring that the franchise agreement aligns with the operational phase of the business.
Prospective franchisees should note that the franchise agreement's term can be influenced by factors such as change of ownership, which may result in a term shorter than the standard 15 years. It is important to clarify with Surestay Hotel By Best Western any conditions that might affect the franchise term, especially in cases of property conversion or acquisition. Understanding the specific start and end dates of the franchise term is crucial for financial planning and long-term business strategy.