If applicable, what is the name of the Approved Management Company as of the Effective Date for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
If Hyatt has approved a Management Company as of the Effective Date, or if Hyatt has approved Franchisee to manage the Hotel as of the Effective Date, then the approved Management Company (if applicable) is listed on Exhibit B-1.
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 has approved a Management Company as of the Effective Date, or if Hyatt has approved the Franchisee to manage the hotel as of the Effective Date, then the approved Management Company (if applicable) is listed on Exhibit B-1.
This means that a prospective The Standardx franchisee needs to refer to Exhibit B-1 of the FDD to determine if there is an approved management company listed as of the effective date of the franchise agreement. If a management company is listed, that would be the approved entity. If the franchisee themselves have been approved to manage the hotel, this will also be indicated on Exhibit B-1.
It is important for a potential The Standardx franchisee to check Exhibit B-1 carefully, as the management structure will impact the day-to-day operations and responsibilities. If no management company is listed, the franchisee will either need to manage the hotel themselves (if approved by Hyatt) or seek approval for a management company that meets Hyatt's qualifications.