Destination by Hyatt
Franchise research report · reviewed 2026 disclosure data
Researching Destination by Hyatt franchise opportunities? Every figure below is cited to the FDD.
The StandardX franchise operates as Hyatt's lifestyle hotel brand, focusing on contemporary accommodations and elevated guest experiences in urban markets.
Headline figures
Quick facts
- How much does it cost to open a Destination by Hyatt franchise?
- The Destination by Hyatt Franchise Disclosure Document reports an estimated initial investment of $93,512,793–$153,424,221 (2026 FDD, Item 7, PDF p. 38). This is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Destination by Hyatt charge?
- The disclosed ongoing royalty is $7 (2026 FDD, Item 6, PDF p. 21). The brand or advertising fund contribution is $1,027 (2026 FDD, Item 6, PDF p. 27). Other recurring fees are listed in Item 6. Details
- Does Destination by Hyatt disclose financial performance (Item 19)?
- No. The reviewed Destination by Hyatt FDD states that it does not make a financial performance representation in Item 19. Details
- How many Destination by Hyatt locations are there?
- The FDD reports 14 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 81). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $93,512,793 – $153,424,221 in the 2026 FDD (Item 7); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets held steady in 2025, to 14 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 38
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty of gross rooms revenue from Channel BookingsMain ongoing fee
85 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2026 FDD for Destination by Hyatt has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of December 31, 2025 of each year.
2026 FDD · Item 20 · PDF p. 81
Net +0 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($93,512,793 – $153,424,221) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Destination by Hyatt reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 14 to 14 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 38
- [2]Outlet counts — Item 20, Table 1 · PDF p. 81
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | base management fees | $446 |
| 2025 | incentive management fees | $272 |
| 2025 | gross fees | $1,198 |
| 2025 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | -$86 |
| 2025 | distributionMore than one value recorded for this year — open the FDD source before comparing | $946 |
| 2025 | other revenues | $39 |
| 2025 | for reimbursed costs | $3,629 |
| 2025 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,122 |
| 2025 | distributionMore than one value recorded for this year — open the FDD source before comparing | $823 |
| 2025 | other direct costs | $73 |
| 2025 | depreciation and amortization | $325 |
| 2025 | reimbursed costs | $3,682 |
| 2025 | total direct and general and administrative expenses | $6,753 |
| 2025 | net gains | $50 |
| 2025 | equity earnings | -$46 |
| 2025 | interest expense | -$317 |
| 2025 | gains | -$15 |
| 2025 | other income | $101 |
| 2025 | income before income taxes | $81 |
| 2025 | provision for income taxes | -$130 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$49 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$52 |
| 2025 | diluted | -$1 |
| 2025 | cash and cash equivalents | $787 |
| 2025 | restricted cash | $1 |
| 2025 | inventories | $8 |
| 2025 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | $169 |
| 2025 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | $63 |
| 2025 | total current assets | $2,177 |
| 2025 | equity method investments | $186 |
| 2025 | property and equipment, net | $1,577 |
| 2025 | operating lease right-of-use assets | $328 |
| 2025 | goodwill | $3,454 |
| 2025 | intangibles, net | $2,229 |
| 2025 | other assets | $3,125 |
| 2025 | total assets | $14,036 |
| 2025 | current maturities of long-term debt | $6 |
| 2025 | accounts payable | $451 |
| 2025 | accrued expenses and other current liabilities | $592 |
| 2025 | current contract liabilities | $1,584 |
| 2025 | total current liabilities | $2,894 |
| 2025 | long-term debt | $4,272 |
| 2025 | long-term operating lease liabilities | $243 |
| 2025 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,956 |
| 2025 | total liabilities | $10,377 |
| 2025 | amortization of share awards | $74 |
| 2025 | amortization of operating lease right-of-use assets | $34 |
| 2025 | deferred income taxes | -$60 |
| 2025 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | $40 |
| 2025 | payments for key money assets | -$134 |
| 2025 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | $86 |
| 2025 | gains) losses, net on marketable securities | -$19 |
| 2025 | contingent consideration liabilities fair value adjustments | -$37 |
| 2025 | other | $173 |
| 2025 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | -$82 |
| 2025 | other long-term assets | -$11 |
| 2025 | contract liabilities | -$108 |
| 2025 | deferred revenue related to the loyalty program | $271 |
| 2025 | operating lease liabilities | -$35 |
| 2025 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | $22 |
| 2025 | net cash provided by operating activities | $379 |
| 2025 | proceeds from marketable securities and short-term investments | $958 |
| 2025 | contributions to equity method and other investments | -$82 |
| 2025 | return of equity method and other investments | $20 |
| 2025 | acquisitions, net of cash acquired | -$1,274 |
| 2025 | capital expenditures | -$220 |
| 2025 | issuance of financing receivables | -$16 |
| 2025 | other investing activities | $5 |
| 2025 | net cash provided by | $357 |
| 2025 | repayments and repurchases of debt | -$3,629 |
| 2025 | repurchases of common stock | -$293 |
| 2025 | dividends paid | -$57 |
| 2025 | other financing activities | -$28 |
| 2025 | effect of exchange rate changes on cash | -$9 |
| 2025 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$227 |
| 2025 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$227 |
| 2025 | beginning of year | $1,015 |
| 2025 | end of year | $788 |
| 2025 | proceeds from real estate sales and other net | $1,666 |
| 2025 | total stockholders' equity | $3,334 |
| 2025 | total equity | $3,659 |
| 2025 | retained earnings | $3,482 |
| 2025 | noncontrolling interests | $325 |
| 2025 | receivables net | $1,123 |
| 2025 | financing receivables net | $442 |
| 2025 | change in receivables net | $58 |
| 2025 | proceeds from debt net issuance costs | $3,080 |
| 2025 | net fees | $1,112 |
| 2025 | short-term investments | $26 |
| 2025 | transaction and integration costs | $173 |
| 2025 | total revenues | $7,101 |
| 2025 | deferred tax assets | $518 |
| 2025 | equity | $46 |
| 2025 | basic | -$1 |
| 2025 | gains) losses on sales of real estate and other | $15 |
| 2025 | net cash used in financing activities | -$954 |
| 2025 | purchases of marketable securities and short-term investments | -$714 |
| 2025 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,375 |
| 2025 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | -$40 |
| 2025 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$26 |
| 2025 | proceeds from financing receivables | $14 |
| 2025 | general and administrative | $555 |
| 2025 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | $226 |
| 2025 | long-term contract liabilities | $1,012 |
| 2025 | accumulated other comprehensive loss | -$149 |
| 2025 | franchise and other fees | $480 |
| 2025 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$28 |
| 2025 | accounts payable, accrued expenses, and other current liabilities | -$176 |
| 2025 | payment of withholding taxes for stock-based compensation | -$27 |
| 2025 | current operating lease liabilities | $35 |
| 2024 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | -$69 |
| 2024 | base management fees | $399 |
| 2024 | incentive management fees | $242 |
| 2024 | franchise and other fees | $458 |
| 2024 | gross fees | $1,099 |
| 2024 | net fees | $1,030 |
| 2024 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,174 |
| 2024 | distributionMore than one value recorded for this year — open the FDD source before comparing | $1,023 |
| 2024 | for reimbursed costs | $3,352 |
| 2024 | total revenues | $6,648 |
| 2024 | general and administrative | $548 |
| 2024 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $925 |
| 2024 | other direct costs | $94 |
| 2024 | transaction and integration costs | $42 |
| 2024 | depreciation and amortization | $333 |
| 2024 | reimbursed costs | $3,457 |
| 2024 | total direct and general and administrative expenses | $6,274 |
| 2024 | interest expense | -$180 |
| 2024 | gains | $1,245 |
| 2024 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | -$213 |
| 2024 | income before income taxes | $1,563 |
| 2024 | provision for income taxes | -$267 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $1,296 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $1,296 |
| 2024 | basic | $13 |
| 2024 | cash and cash equivalents | $1,011 |
| 2024 | restricted cash | $1 |
| 2024 | short-term investments | $372 |
| 2024 | inventories | $8 |
| 2024 | total current assets | $2,733 |
| 2024 | equity method investments | $189 |
| 2024 | operating lease right-of-use assets | $328 |
| 2024 | goodwill | $2,541 |
| 2024 | intangibles, net | $2,167 |
| 2024 | other assets | $2,843 |
| 2024 | total assets | $13,324 |
| 2024 | accounts payable | $475 |
| 2024 | accrued expenses and other current liabilities | $565 |
| 2024 | current contract liabilities | $1,553 |
| 2024 | current operating lease liabilities | $33 |
| 2024 | total current liabilities | $3,274 |
| 2024 | long-term debt | $3,326 |
| 2024 | long-term contract liabilities | $843 |
| 2024 | long-term operating lease liabilities | $245 |
| 2024 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,810 |
| 2024 | gains) losses on sales of real estate and other | -$1,245 |
| 2024 | amortization of operating lease right-of-use assets | $36 |
| 2024 | deferred income taxes | -$123 |
| 2024 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | $213 |
| 2024 | equity | -$31 |
| 2024 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | $69 |
| 2024 | contingent consideration liabilities fair value adjustments | -$39 |
| 2024 | other | $79 |
| 2024 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | $65 |
| 2024 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$116 |
| 2024 | other long-term assets | -$6 |
| 2024 | contract liabilities | $48 |
| 2024 | deferred revenue related to the loyalty program | $203 |
| 2024 | operating lease liabilities | -$35 |
| 2024 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | -$6 |
| 2024 | net cash provided by operating activities | $633 |
| 2024 | purchases of marketable securities and short-term investments | -$1,775 |
| 2024 | proceeds from marketable securities and short-term investments | $1,338 |
| 2024 | acquisitions, net of cash acquired | -$609 |
| 2024 | capital expenditures | -$170 |
| 2024 | issuance of financing receivables | -$136 |
| 2024 | proceeds from financing receivables | $51 |
| 2024 | net cash provided by | $81 |
| 2024 | repurchases of common stock | -$1,190 |
| 2024 | dividends paid | -$60 |
| 2024 | payment of withholding taxes for stock-based compensation | -$43 |
| 2024 | other financing activities | $1 |
| 2024 | net cash used in financing activities | -$618 |
| 2024 | net increaseMore than one value recorded for this year — open the FDD source before comparing | $93 |
| 2024 | net increaseMore than one value recorded for this year — open the FDD source before comparing | $96 |
| 2024 | beginning of year | $919 |
| 2024 | total equity | $3,826 |
| 2024 | retained earnings | $3,815 |
| 2024 | accumulated other comprehensive loss | -$269 |
| 2024 | noncontrolling interests | $279 |
| 2024 | financing receivables net | $368 |
| 2024 | distributionMore than one value recorded for this year — open the FDD source before comparing | $875 |
| 2024 | diluted | $13 |
| 2024 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$6 |
| 2024 | repayments and repurchases of debt | -$750 |
| 2024 | net gains | $49 |
| 2024 | deferred tax assets | $466 |
| 2024 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | $192 |
| 2024 | other income | $257 |
| 2024 | proceeds from debt net issuance costs | $1,424 |
| 2024 | return of equity method and other investments | $62 |
| 2024 | end of year | $1,015 |
| 2024 | payments for key money assets | -$153 |
| 2024 | proceeds from real estate sales and other net | $1,421 |
| 2024 | equity earnings | $31 |
| 2024 | other revenues | $69 |
| 2024 | contributions to equity method and other investments | -$88 |
| 2024 | other investing activities | -$13 |
| 2024 | receivables net | $1,121 |
| 2024 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | $174 |
| 2024 | property and equipment, net | $1,689 |
| 2024 | total liabilities | $9,498 |
| 2024 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | $46 |
| 2024 | current maturities of long-term debt | $456 |
| 2024 | amortization of share awards | $64 |
| 2024 | total stockholders' equity | $3,547 |
| 2024 | accounts payable, accrued expenses, and other current liabilities | $56 |
| 2024 | effect of exchange rate changes on cash | -$3 |
| 2024 | change in receivables net | -$15 |
| 2024 | gains) losses, net on marketable securities | -$54 |
| 2023 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | -$47 |
| 2023 | base management fees | $374 |
| 2023 | incentive management fees | $232 |
| 2023 | franchise and other fees | $364 |
| 2023 | gross fees | $970 |
| 2023 | net fees | $923 |
| 2023 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,339 |
| 2023 | distributionMore than one value recorded for this year — open the FDD source before comparing | $1,047 |
| 2023 | for reimbursed costs | $3,058 |
| 2023 | total revenues | $6,667 |
| 2023 | general and administrative | $578 |
| 2023 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,022 |
| 2023 | distributionMore than one value recorded for this year — open the FDD source before comparing | $859 |
| 2023 | other direct costs | $336 |
| 2023 | depreciation and amortization | $397 |
| 2023 | total direct and general and administrative expenses | $6,378 |
| 2023 | equity earnings | -$1 |
| 2023 | interest expense | -$145 |
| 2023 | gains | $18 |
| 2023 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | -$30 |
| 2023 | other income | $124 |
| 2023 | provision for income taxes | -$90 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $220 |
| 2023 | basic | $2 |
| 2023 | diluted | $2 |
| 2023 | gains) losses on sales of real estate and other | -$18 |
| 2023 | amortization of share awards | $75 |
| 2023 | amortization of operating lease right-of-use assets | $42 |
| 2023 | equity | $1 |
| 2023 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | $47 |
| 2023 | gains) losses, net on marketable securities | -$34 |
| 2023 | contingent consideration liabilities fair value adjustments | $9 |
| 2023 | other | $85 |
| 2023 | prepaid income taxes | -$24 |
| 2023 | prepaids and other assets | -$66 |
| 2023 | other long-term assets | -$92 |
| 2023 | accounts payable, accrued expenses, and other current liabilities | -$29 |
| 2023 | deferred revenue related to the loyalty program | $202 |
| 2023 | accrued compensation and benefits | -$22 |
| 2023 | other long-term liabilities | -$13 |
| 2023 | net cash provided by operating activities | $800 |
| 2023 | purchases of marketable securities and short-term investments | -$483 |
| 2023 | proceeds from marketable securities and short-term investments | $576 |
| 2023 | contributions to equity method and other investments | -$43 |
| 2023 | return of equity method and other investments | $7 |
| 2023 | acquisitions, net of cash acquired | -$175 |
| 2023 | issuance of financing receivables | -$43 |
| 2023 | proceeds from financing receivables | $1 |
| 2023 | other investing activities | $3 |
| 2023 | net cash provided by | -$365 |
| 2023 | repayments and repurchases of debt | -$660 |
| 2023 | dividends paid | -$47 |
| 2023 | payment of withholding taxes for stock-based compensation | -$16 |
| 2023 | other financing activities | $2 |
| 2023 | net cash used in financing activities | -$578 |
| 2023 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$145 |
| 2023 | beginning of year | $1,067 |
| 2023 | end of year | $919 |
| 2023 | proceeds from real estate sales and other net | -$10 |
| 2023 | proceeds from debt net issuance costs | $596 |
| 2023 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | $30 |
| 2023 | operating lease liabilities | -$43 |
| 2023 | other revenues | $300 |
| 2023 | reimbursed costs | $3,144 |
| 2023 | payments for key money assets | -$132 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $220 |
| 2023 | repurchases of common stock | -$453 |
| 2023 | effect of exchange rate changes on cash | -$2 |
| 2023 | deferred income taxes | -$125 |
| 2023 | capital expenditures | -$198 |
| 2023 | net gains | $55 |
| 2023 | income before income taxes | $310 |
| 2023 | transaction and integration costs | $42 |
| 2023 | contract liabilities | $290 |
| 2023 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$148 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
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At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 6 · PDF p. 24 · 2026 FDD
Our summary: Monthly late interest lesser legal maximum; interest after seven days
“Late fee and interest $225 late fee plus lesser of 1½% per month or the highest rate law allows As incurred Late fee is due on all overdue amounts. Interest is due on all amounts more than 7 days late or not available for withdrawal by due date ”
Note: The cited claim could not be confirmed from the full text of PDF page 24.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2025 — Ceased other
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2025 — End
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2024 — Start
“2024 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Franchised 2025 — End
“2025 4 5 +1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Franchised 2023 — Net change
“2023 1 3 +2”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2023 — Net change
“2023 13 11 -2”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Franchised 2024 — End
“2024 3 4 +1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Franchised 2023 — Start
“2023 1 3 +2”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Systemwide 2024 — Start
“2024 14 14 0”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Systemwide 2025 — Start
“2025 14 14 0”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Systemwide 2024 — End
“2024 14 14 0”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2024 — Net change
“2024 11 10 -1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2024 — Start
“2024 11 10 -1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Franchised 2023 — End
“2023 1 3 +2”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2025 — Net change
“2025 10 9 -1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2025 — Start
“2025 10 9 -1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2023 — End
“2023 13 11 -2”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2023 — Reacquired
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2024 — Reacquired
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2025 — Terminations
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2023 — End
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2025 — Start
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2024 — Opened
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2024 — Ceased other
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2023 — Start
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2024 — Nonrenewals
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2023 — Nonrenewals
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2024 — End
“2024 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Missouri 2025 — Nonrenewals
“2025 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 California 2025 — End
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2025 — Ceased other
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Missouri 2025 — Ceased other
“2025 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2024 — Nonrenewals
“2024 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Missouri 2025 — Start
“2025 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2025 — Start
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2025 — Opened
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Colorado 2025 — Reacquired
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Missouri 2025 — Reacquired
“2025 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2023 — Terminations
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2025 — Opened
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2025 — Nonrenewals
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2023 — Opened
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2023 — Reacquired
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2024 — Reacquired
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2024 — Opened
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2024 — Ceased other
“2024 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2023 — Nonrenewals
“2023 0 1 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 82 · 2026 FDD
Our summary: Table 3 Nevada 2025 — Start
“2025 1 0 0 0 0 0 1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 20 · PDF p. 81 · 2026 FDD
Our summary: Table 1 Franchised 2025 — Net change
“2025 4 5 +1”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.