What are the housing obligations for the FF&E Manager for The Standardx franchise?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
If required by Hyatt, Franchisee shall in addition to the Project Manager and the Consultants, engage and retain at its own expense an FF&E Manager to assist Franchisee and its Consultants and contractors to meet the Design and Construction Standards. The FF&E Manager shall be selected no later than fifteen (15) months and no earlier than eighteen (18) months prior to the Opening Date. The FF&E Manager shall be an employee or independent contractor of Franchisee and shall provide monthly construction and photographic reports to Hyatt in such forms as Hyatt may reasonably require. Franchisee will be required to pay the FF&E Manager's salary, benefits, housing (in the form of a fully furnished one (1)-bedroom apartment) and other customary and usual costs incidental to their engagement (including office space and administrative assistance, reasonable transportation to and from the Site, one (1) round trip economy class air ticket to the home of FF&E Manager for each twelve (12)-month period, local income taxes and local business travel).
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, if Hyatt requires the franchisee to engage an FF&E Manager, the franchisee is responsible for providing housing. Specifically, the franchisee must provide housing in the form of a fully furnished one-bedroom apartment.
In addition to housing, the franchisee is also responsible for paying the FF&E Manager's salary, benefits, and other customary costs related to their employment. These costs include providing office space and administrative assistance, reasonable transportation to and from the site, one round trip economy class air ticket to the FF&E Manager's home for each 12-month period, local income taxes, and local business travel expenses.
The FF&E Manager is responsible for assisting the franchisee and their consultants and contractors in meeting the Design and Construction Standards. The FF&E Manager must be selected between 15 and 18 months prior to the opening date and must provide monthly construction and photographic reports to Hyatt.