What is the estimated range for telecommunications, security, and technology systems equipment and fees for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of expenditure | Amount | Method of Payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Telecommunications systems, security system and Technology System equipment and fees (2) | $638,600 to $777,650 | As agreed | As incurred | Suppliers and Hyatt Corporation |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 36–40)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the estimated initial investment for telecommunications systems, security system, and technology system equipment and fees ranges from $638,600 to $777,650. This investment covers the costs of acquisition, installation, and the annual support and service contracts for the first year, provided by Hyatt Corporation as part of Mandatory Services.
This significant investment is paid as agreed upon and as incurred to suppliers and Hyatt Corporation. It is important for prospective franchisees to understand that this cost is separate from other expenses such as furniture, fixtures, and equipment (FF&E), as well as operating supplies and equipment (OS&E). These costs are detailed separately in the FDD.
The substantial cost for telecommunications, security, and technology systems highlights the importance The Standardx places on these aspects of hotel operations. Franchisees should carefully consider this investment and factor it into their overall budget when evaluating the franchise opportunity. It is advisable to discuss with The Standardx the specifics of these systems and the rationale behind the mandatory service contracts to fully understand the value and necessity of this investment.