Revised 12 Points of Fair Franchising released
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Last week at AAHOACON24, AAHOA announced the release of Revised Point Number 12, Sale of the Franchise System Hotel Brand(s), in its 12 Points of Fair Franchising. The recent best-practice updates reflect the current industry landscape and are in response to the several noted acquisitions and mergers of one or more hotel brands between Franchisors in recent years. Best practices related to Point 12 now recommend that each Franchise Agreement include a “Change of Control” clause to protect the Franchisees in the event of a purchase, sale, acquisition, or merger of one or more hotel brands between Franchisors. |
As with all recommendations and best practices provided to AAHOA Members, AAHOA’s goal is to continue our mission and commitment to educating AAHOA Members, helping to fulfill our vision to be the foremost advocate and resource for America’s hotel owners.
Click here for an updated explainer video, which will walk you through this latest update.
