- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$16.3M - $25.5M
- Units as of 2022
22 120.0% over 3 years
Even Hotels was founded in 2012 and is part of the InterContinental Hotels Group. Their hotels focus on providing guests with wellness experiences, including offering a best-in-class fitness experience, healthier food choices, and relaxing natural spaces with eco-friendly products. They also curate their rooms to be a restful environment, such as having natural eucalyptus fiber bedding.
Franchising since 2014, Even Hotels encourages travelers to incorporate productivity and wellness into travel routines. They promote a slogan to let guests "sweat, share, and stay social."
Since beginning to franchise, Even Hotels has opened several franchise locations throughout the United States to go along with a few international franchises. They are seeking to expand their reach even further.
Why You May Want To Start an Even Hotels Franchise
An Even Hotels franchise may be a good opportunity for anyone interested in the hospitality business. Even Hotels empowers its guests to maintain wellness routines while on the road by designing every space of their hotel property to support staying active, eating well, resting easily, and being productive.
To be part of the Even Hotels team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty and renewal fees.
What Might Make an Even Hotels Franchise a Good Choice?
Opening an Even Hotels franchise may offer you an opportunity to be part of a brand that strives to focus on the hotel industry's upscale, mainstream, and luxury segments.
Opening an Even Hotels franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
Franchisees mau benefit from the popularity of the brand and the InterContinental Hotels Group loyalty program and reservation system. Franchisees are expected to make a long-term commitment to running the business full-time. A typical franchise agreement runs for 20 years. Franchisees will be allowed to renew their agreement if they meet the Even Hotels requirements.
How To Open an Even Hotels Franchise
As you decide if opening an Even Hotels franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if an Even Hotels franchise would do well in your community. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Even Hotels franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the Even Hotels brand throughout the franchising process. Franchisees receive support through brand awareness, marketing, loyalty programs, site selections, and field operations. They also receive continued support after their franchise location has opened.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the financial resources necessary to own and operate an Even Hotels franchise.
About Even Hotels
- Franchising Since
- 2014 (2023-2014 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 22 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Even Hotels franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $16,332,414 - $25,502,730
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Term of Agreement
- 20 years (average)
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Even Hotels has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- Classroom Training
- Ongoing Support
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesNational MediaSEOWebsite DevelopmentLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Even Hotels? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Even Hotels landed on this year's Franchise 500 Ranking versus previous years.
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