What is the amount of the Current PIP Fee for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
ment of $: Effective Date • Remaining $: paid in () equal mon
Source: Item 18 — OTHER INCOME (LOSS), NET (FDD pages 187–399)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the current PIP (Property Improvement Plan) fee is $10,000. This fee is referenced in the context of adding guest rooms to the hotel after it opens. If a franchisee wants to add guest rooms, they must pay The Standardx's current PIP fee when requesting approval for their plans. This fee is non-refundable.
The FDD also states that this PIP fee will be applied toward the additional application fee. If the PIP fee exceeds the additional application fee, The Standardx may retain the excess amount. The remaining portion of the additional application fee is due when The Standardx approves the franchisee's plans to develop the additional guest rooms and is also non-refundable.
Additionally, the PIP fee is mentioned in the context of a Successor Franchise Right. The Standardx franchisee must pay the then-current PIP fee simultaneously with submitting a notice to exercise the Successor Franchise Right, and this fee is also non-refundable. Failure to pay the PIP fee at the time of notice is deemed a decision not to exercise the Successor Franchise Right.