What is included in the miscellaneous pre-opening costs for The Standardx?

According to The Standardx's 2025 Franchise Disclosure Document, miscellaneous pre-opening costs encompass a range of expenses associated with preparing the hotel for its initial launch. These costs, as detailed in Item 7, include expenses for office and other supplies necessary for the hotel's operation. Additionally, the costs cover wages for hotel management and employees incurred before the hotel officially opens its doors to guests. These wages are a crucial part of ensuring the hotel is adequately staffed and prepared to deliver services from day one.

Furthermore, the miscellaneous pre-opening costs also account for other prepaid opening expenses, which can include various administrative and operational fees required to get the hotel up and running. The FDD specifies that these costs also include estimated amounts franchisees may pay to The Standardx or its affiliates for optional training or consulting services. These services can provide additional support and expertise to franchisees as they navigate the initial stages of launching their hotel.

The estimated range for these miscellaneous pre-opening costs is between $276,000 and $375,000. These costs are payable as agreed upon and are typically due as incurred. Payments are made to suppliers, employees, The Standardx, and Hyatt Corporation, reflecting the various entities involved in the pre-opening phase. Prospective franchisees should carefully consider these costs and factor them into their overall budget when evaluating the financial feasibility of opening a The Standardx franchise.