When is the Service Charge due for a Surestay Hotel By Best Western?
Surestay_Hotel_By_Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| agreement for or begin construction of a competing brand within 1 year after termination. | |||
| ACH Processing Charge | $50 per resubmission | Due and payable upon statement receipt. | Payable if we have to resubmit an ACH payment to the bank after an initial ACH payment is rejected for insufficient funds. |
| Service Charge | 18% Annual Percentage Rate (“APR”) | Due and payable upon statement receipt. | Service charges if you do not make any payment to us or our affiliates when due. |
Source: Item 6 — OTHER FEES (FDD pages 24–35)
What This Means (2025 FDD)
According to Surestay Hotel By Best Western's 2025 Franchise Disclosure Document, the Service Charge is due and payable upon statement receipt. This charge, which is an 18% Annual Percentage Rate (APR), is applied if a franchisee does not make payments to Surestay Hotel By Best Western or its affiliates when they are due.
This means that if a Surestay Hotel By Best Western franchisee fails to make timely payments for any fees owed to the franchisor or its affiliates, they will incur a service charge calculated as an 18% APR on the outstanding amount. The franchisee will then be required to pay this service charge immediately upon receiving their statement.
It is important for prospective franchisees to understand the implications of late payments and the resulting service charges. Franchisees should ensure they have sufficient financial resources and implement effective payment management systems to avoid incurring these additional costs. Paying attention to the due dates on all statements from Surestay Hotel By Best Western is crucial for maintaining good financial standing and avoiding the 18% APR service charge.