Franopolis
    G

    Garner

    Franchise research report · reviewed 2026 disclosure data

    Researching Garner franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Garner is an IHG hotel brand offering guest rooms, breakfast and a shop selling snacks. Its properties serve travelers on short trips and longer journeys, with amenities varying by hotel and region.

    Headline figures

    Quick facts

    How much does it cost to open a Garner franchise?
    The Garner Franchise Disclosure Document reports separate estimated initial investments by format: $641,038–$4,510,409 for conversion only (total conversion (note 19)) (2026 FDD, Item 7, PDF p. 56); $8,013–$56,380 for conversion only (conversion total perguestroom) (2026 FDD, Item 7, PDF p. 56); $9,820,038–$15,304,309 for total new development (note 19) (2026 FDD, Item 7, PDF p. 56); $118,314–$184,269 for new development total perguestroom (2026 FDD, Item 7, PDF p. 56). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Garner charge?
    The disclosed ongoing royalty is $6 (2026 FDD, Item 6, PDF p. 31). Other recurring fees are listed in Item 6. Details
    Does Garner disclose financial performance (Item 19)?
    No. The reviewed Garner FDD states that it does not make a financial performance representation in Item 19. Details
    How many Garner locations are there?
    The FDD reports 64 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 93). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $641,038 – $4,510,409 (TOTAL CONVERSION (Note 19)); $8,013 – $56,380 (Conversion total perguestroom); $9,820,038 – $15,304,309 (TOTAL NEW DEVELOPMENT (Note 19)); $118,314 – $184,269 (New development total perguestroom); several initial fee options apply.
    2. 2The franchisor makes no financial performance representation in Item 19.
    3. 3Outlets grew by 44 in 2025, to 64 (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

    Range across 4 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (4)

    Each format has its own total. The total depends on the format you choose.

    • Conversion total perguestroomPDF p. 56$8,013 – $56,380
    • New development total perguestroomPDF p. 56$118,314 – $184,269
    • TOTAL CONVERSION (Note 19)PDF p. 56$641,038 – $4,510,409
    • TOTAL NEW DEVELOPMENT (Note 19)PDF p. 56$9,820,038 – $15,304,309

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty monthly GRRMain ongoing fee

    164 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 Garner 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 2025 of each year.

    2026 FDD · Item 20 · PDF p. 93

    Net +60 outlets, 2023–2025

    042023202024642025+16+44

    Year-end counts reported in Item 20. The scale starts at zero; 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 ($8,013 – $15,304,309) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Garner reports no financial performance figures in Item 19. What information can you share about unit-level results?

    • Reported units went from 20 to 64 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. [1]Outlet counts — Item 20, Table 1 · PDF p. 93

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    4 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025contract assetsMore than one value recorded for this year — open the FDD source before comparing$10,345,958
    2025total current assetsMore than one value recorded for this year — open the FDD source before comparing$110,364,750
    2025line of credit due from affiliate$698,304,097
    2025total assetsMore than one value recorded for this year — open the FDD source before comparing$1,011,118,965
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$77,000
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$1,316,564
    2025payables to affiliatesMore than one value recorded for this year — open the FDD source before comparing$113,903,379
    2025total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$115,296,943
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$6,898,364
    2025total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$122,195,307
    2025franchise royalty fees from affiliate$57,662
    2025general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$14,103
    2025income from operations$38,774,261
    2025foreign transaction gain$478,413
    2025interest income from affiliate$30,545,407
    2025foreign withholding taxes$116,902
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$69,768,979
    2025contract assets deduction in revenueMore than one value recorded for this year — open the FDD source before comparing$1,284,716
    2025accrued but unpaid interest on line of credit due from affiliate-$30,545,407
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$319,955
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$27,533
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$3,000
    2025receivables from affiliatesMore than one value recorded for this year — open the FDD source before comparing$9,023,186
    2025net cash-$102,839,326
    2025investing activities net amounts repaid$102,839,326
    2025supplemental disclosure of noncash operating activities payment for franchise agreements by an affiliated entity$54,341,999
    2025cash and cash equivalents$34,639
    2025restricted cash$376
    2025accounts receivable, less allowance for expected credit losses of $62,220 and $53,457 at december 31, 2025 and 2024, respectivelyMore than one value recorded for this year — open the FDD source before comparing$393,731
    2025receivables from affiliatesMore than one value recorded for this year — open the FDD source before comparing$187,391
    2025contract assetsMore than one value recorded for this year — open the FDD source before comparing$24,041
    2025prepaid and other current assets$106,969
    2025total current assetsMore than one value recorded for this year — open the FDD source before comparing$775,929
    2025deferred compensation plan investments$315,765
    2025property and equipment, net$381,038
    2025goodwill and intangible assets, net$1,719,558
    2025contract assetsMore than one value recorded for this year — open the FDD source before comparing$407,281
    2025contract costsMore than one value recorded for this year — open the FDD source before comparing$57,242
    2025notes receivable$40,660
    2025other assets$2,942
    2025loyalty program deferred revenueMore than one value recorded for this year — open the FDD source before comparing$715,262
    2025other deferred revenueMore than one value recorded for this year — open the FDD source before comparing$51,494
    2025accrued pension costMore than one value recorded for this year — open the FDD source before comparing$4,221
    2025payables to affiliatesMore than one value recorded for this year — open the FDD source before comparing$136,920
    2025total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,269,106
    2025finance lease obligations$263,491
    2025operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$60,486
    2025accrued pension costMore than one value recorded for this year — open the FDD source before comparing$38,872
    2025deferred compensation plan liabilities$315,765
    2025noncurrent deferred tax liabilities, net$167,612
    2025other deferred revenueMore than one value recorded for this year — open the FDD source before comparing$273,205
    2025other long-term liabilities$141
    2025total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$3,401,066
    2025fee business$890,681
    2025hotel operations$92,219
    2025other$413,548
    2025total revenuesMore than one value recorded for this year — open the FDD source before comparing$3,930,735
    2025operating expenses bad debt expense$7,287
    2025property and other taxes, insurance and leases$16,968
    2025general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$517,602
    2025other hotel operations$8,089
    2025mark-up cost charged by affiliated companies$14,557
    2025depreciation and amortization of software$32,800
    2025impairment loss$3,503
    2025interest expense - external-$25,469
    2025interest income from affiliates, net$300,915
    2025interest income - external$12,285
    2025income from equity method investmentsMore than one value recorded for this year — open the FDD source before comparing$5,599
    2025(losses) gains on securities-$2,313
    2025other income$2,992
    2025foreign transaction-$3,455
    2025provision for income taxes$287,266
    2025currency translation adjustments$4,296
    2025pension liability adjustments-$472
    2025total other comprehensive income$3,824
    2025comprehensive income$937,974
    2025depreciation and amortization$37,261
    2025system fund depreciation and amortization$74,015
    2025income from equity method investmentsMore than one value recorded for this year — open the FDD source before comparing-$537
    2025distributions from investments in unconsolidated entities$456
    2025deferred income taxes-$47,129
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$21,044
    2025contract costsMore than one value recorded for this year — open the FDD source before comparing-$2,951
    2025prepaid and other assets$3,789
    2025operating lease right-of-use assets$3,385
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$9,204
    2025loyalty program deferred revenueMore than one value recorded for this year — open the FDD source before comparing$74,525
    2025other deferred revenueMore than one value recorded for this year — open the FDD source before comparing$23,111
    2025receivables from and payables to affiliates$304,281
    2025operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$8,916
    2025contract acquisition costs, net of repayments-$93,854
    2025net proceeds from disposal of property and equipment$52
    2025contributions to investments in unconsolidated entities-$351
    2025loan advances-$1,492
    2025payments for brand and other intangibles-$25,883
    2025net cash used in investing activities-$84,639
    2025net-$14,684
    2025cash and cash equivalents and restricted cash at end of year$35,015
    2025supplemental disclosure of noncash investing and financing activities capital contributions related to income tax provisions$311,192
    2025equity dividend paid to parentMore than one value recorded for this year — open the FDD source before comparing-$7,111,132
    2025cash paid for interest from affiliates$67,499
    2025total assetsMore than one value recorded for this year — open the FDD source before comparing$3,953,318
    2025other adjustments-$2,022
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$82,682,198
    2025receivables from affiliatesMore than one value recorded for this year — open the FDD source before comparing$17,336,594
    2025member’s equity$888,923,658
    2025olcc fees$1,551,180
    2025master license agreement$682,692
    2025interest income$87,800
    2025contract assetsMore than one value recorded for this year — open the FDD source before comparing$201,767,426
    2025franchise royalty fees$37,179,522
    2025total revenuesMore than one value recorded for this year — open the FDD source before comparing$38,788,364
    2025income before taxes$69,885,881
    2025payables to affiliatesMore than one value recorded for this year — open the FDD source before comparing-$152,721,288
    2025contract costsMore than one value recorded for this year — open the FDD source before comparing$3,010
    2025investments in unconsolidated entities$208,792
    2025operating lease right-of-use assets, net$43,187
    2025proceeds from disposals of contract assets received from an affiliated entity-$1,758,512
    2025accounts payable$83,330
    2025accounts receivable, less allowance for expected credit losses of $62,220 and $53,457 at december 31, 2025 and 2024, respectivelyMore than one value recorded for this year — open the FDD source before comparing$414,775
    2025current investments in unconsolidated entities$1,275
    2025net investment in subleases$3,453
    2025net investment in sublease$924
    2025accrued expenses$205,066
    2025operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$14,903
    2025other payables$57,910
    2025loyalty program deferred revenueMore than one value recorded for this year — open the FDD source before comparing$1,012,388
    2025operating income$862,294
    2025maintenance and repairs$52,189
    2025system fund and reimbursable expenses$2,567,568
    2025system fund and reimbursable revenues$2,534,287
    2025parent’s investment$552,252
    2025allocation of expenses to affiliated companies-$156,583
    2025income before income taxes$1,221,416
    2025total operating expenses$3,068,441
    2025dividend income from other investments$68,568
    2025amortization of finite-lived intangible assets$4,461
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$934,150
    2025share-based compensation$26,578
    2025contract assets deduction in revenueMore than one value recorded for this year — open the FDD source before comparing$27,941
    2025financing activities net settlements of parent's investment-$946,238
    2025net cash provided by operating activities$1,327,338
    2025net cash used in financing activities-$1,257,383
    2025equity dividend paid to parentMore than one value recorded for this year — open the FDD source before comparing-$311,145
    2025investing activities purchases of property and equipment-$56,965
    2025supplemental disclosure cash paid for interest$23,300
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing$83,002,153
    2024contract assetsMore than one value recorded for this year — open the FDD source before comparing$10,766,230
    2024receivables from affiliatesMore than one value recorded for this year — open the FDD source before comparing$10,527,750
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$104,296,133
    2024master license agreement$682,692
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$1,040,488,979
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$74,000
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$794,207
    2024payables to affiliatesMore than one value recorded for this year — open the FDD source before comparing$213,121,319
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$221,334,300
    2024member’s equity$819,154,679
    2024franchise royalty fees$37,792,172
    2024franchise royalty fees from affiliate$57,388
    2024olcc fees$1,595,317
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$39,444,877
    2024general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$75,619
    2024income from operations$39,369,258
    2024miscellaneous expense-$1,118
    2024foreign transaction gain-$1,397,938
    2024interest income$63,867
    2024interest income from affiliate$29,591,411
    2024income before taxes$67,625,480
    2024foreign withholding taxes$102,492
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$67,522,988
    2024accrued but unpaid interest on line of credit due from affiliate-$29,591,411
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$9,054,565
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$120,835
    2024receivables from affiliatesMore than one value recorded for this year — open the FDD source before comparing-$16,292,632
    2024payables to affiliatesMore than one value recorded for this year — open the FDD source before comparing$25,806,849
    2024net cash$38,863,707
    2024net increase-$373
    2024supplemental disclosure of noncash operating activities payment for franchise agreements by an affiliated entity$40,327,200
    2024restricted cash$382
    2024receivables from affiliatesMore than one value recorded for this year — open the FDD source before comparing$231,752
    2024contract assetsMore than one value recorded for this year — open the FDD source before comparing$20,005
    2024contract costsMore than one value recorded for this year — open the FDD source before comparing$2,811
    2024net investment in subleases$2,418
    2024current investments in unconsolidated entities$3,513
    2024prepaid and other current assets$97,399
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$801,328
    2024investments in unconsolidated entities$206,939
    2024deferred compensation plan investments$285,953
    2024property and equipment, net$431,771
    2024goodwill and intangible assets, net$1,698,486
    2024contract assetsMore than one value recorded for this year — open the FDD source before comparing$343,879
    2024contract costsMore than one value recorded for this year — open the FDD source before comparing$54,190
    2024notes receivable$33,999
    2024net investment in sublease$5,074
    2024other assets$13,185
    2024accounts payable$84,335
    2024accrued expenses$224,933
    2024loyalty program deferred revenueMore than one value recorded for this year — open the FDD source before comparing$660,829
    2024accrued pension costMore than one value recorded for this year — open the FDD source before comparing$4,343
    2024payables to affiliatesMore than one value recorded for this year — open the FDD source before comparing$188,019
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$13,794
    2024other payables$47,552
    2024finance lease obligations$261,204
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$70,401
    2024deferred compensation plan liabilities$285,953
    2024noncurrent deferred tax liabilities, net$215,828
    2024other deferred revenueMore than one value recorded for this year — open the FDD source before comparing$249,967
    2024other long-term liabilities$278
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$3,391,444
    2024parent’s investment$529,744
    2024hotel operations$92,579
    2024other$339,236
    2024system fund and reimbursable revenues$2,425,248
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$3,753,900
    2024operating expenses bad debt expense$9,170
    2024maintenance and repairs$51,344
    2024general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$574,738
    2024other hotel operations$9,038
    2024depreciation and amortization of software$32,766
    2024amortization of finite-lived intangible assets$4,636
    2024impairment loss$2,466
    2024system fund and reimbursable expenses$2,506,056
    2024total operating expenses$3,073,257
    2024operating income$680,643
    2024interest expense - external-$25,746
    2024interest income from affiliates, net$287,364
    2024interest income - external$10,840
    2024income from equity method investmentsMore than one value recorded for this year — open the FDD source before comparing$6,880
    2024foreign transaction$3,189
    2024provision for income taxes$259,415
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$733,130
    2024currency translation adjustments-$7,760
    2024pension liability adjustments$1,212
    2024total other comprehensive income-$6,548
    2024comprehensive income$726,582
    2024system fund impairment loss$2,806
    2024share-based compensation$23,684
    2024income from equity method investmentsMore than one value recorded for this year — open the FDD source before comparing-$6,880
    2024contract assets deduction in revenueMore than one value recorded for this year — open the FDD source before comparing$24,353
    2024distributions from investments in unconsolidated entities$1,211
    2024deferred income taxes-$75,355
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$43,245
    2024operating lease right-of-use assets$1,992
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$22,978
    2024loyalty program deferred revenueMore than one value recorded for this year — open the FDD source before comparing$123,746
    2024receivables from and payables to affiliates$288,425
    2024contract acquisition costs, net of repayments-$115,851
    2024net cash provided by operating activities$1,089,759
    2024investing activities purchases of property and equipment-$59,838
    2024net proceeds from disposal of property and equipment$7,849
    2024contributions to investments in unconsolidated entities-$23,880
    2024payments for brand and other intangibles-$1,081
    2024net cash used in investing activities-$83,950
    2024cash and cash equivalents and restricted cash at end of year$49,699
    2024supplemental disclosure cash paid for interest$23,624
    2024cash paid for interest from affiliates$55,752
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$3,921,188
    2024other adjustments-$8,818
    2024contract assetsMore than one value recorded for this year — open the FDD source before comparing$164,912,138
    2024line of credit due from affiliate$770,598,016
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$213,989,526
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,344,774
    2024cash and cash equivalents$49,317
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,000
    2024contract assets deduction in revenueMore than one value recorded for this year — open the FDD source before comparing$589,313
    2024investing activities net amounts repaid-$38,864,080
    2024operating lease right-of-use assets, net$46,384
    2024other deferred revenueMore than one value recorded for this year — open the FDD source before comparing$50,977
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,274,782
    2024accrued pension costMore than one value recorded for this year — open the FDD source before comparing$40,733
    2024loyalty program deferred revenueMore than one value recorded for this year — open the FDD source before comparing$992,298
    2024fee business$896,837
    2024property and other taxes, insurance and leases$25,576
    2024mark-up cost charged by affiliated companies$12,904
    2024allocation of expenses to affiliated companies-$155,437
    2024income before income taxes$992,545
    2024(losses) gains on securities$28,571
    2024other income$804
    2024prepaid and other assets-$27,215
    2024contract costsMore than one value recorded for this year — open the FDD source before comparing-$5,263
    2024financing activities net settlements of parent's investment-$333,591
    2024depreciation and amortization$37,402
    2024system fund depreciation and amortization$77,965
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$7,155
    2024supplemental disclosure of noncash investing and financing activities capital contributions related to income tax provisions$314,269
    2024other deferred revenueMore than one value recorded for this year — open the FDD source before comparing$85,339
    2024loan advances-$7,000
    2024equity dividend paid to parent-$688,533
    2024net-$16,315
    2024net cash used in financing activities-$1,022,124
    2024change in balances with affiliates offset against parent’s investment-$329,323
    2023franchise royalty fees$25,626,433
    2023franchise royalty fees from affiliate$50,496
    2023total revenuesMore than one value recorded for this year — open the FDD source before comparing$27,249,652
    2023income from operations$27,245,401
    2023foreign transaction gain-$691,750
    2023interest income from affiliate$27,815,534
    2023income before taxes$54,418,793
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$54,303,422
    2023contract assets deduction in revenueMore than one value recorded for this year — open the FDD source before comparing$11,699,506
    2023accrued but unpaid interest on line of credit due from affiliate-$27,815,534
    2023accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$5,000
    2023receivables from affiliates$27,173,553
    2023payables to affiliates$11,670,366
    2023investing activities net amounts repaid-$75,141,564
    2023net increase$225
    2023beginning of year$148
    2023end of year$373
    2023supplemental disclosure of noncash operating activities payment for franchise agreements by an affiliated entity$25,381,500
    2023proceeds from disposals of contract assets received from an affiliated entity-$440,348
    2023fee business$869,949
    2023other$304,264
    2023system fund and reimbursable revenues$2,280,490
    2023operating expenses bad debt expense-$1,988
    2023property and other taxes, insurance and leases$46,084
    2023maintenance and repairs$59,588
    2023other hotel operations$7,798
    2023mark-up cost charged by affiliated companies$16,240
    2023allocation of expenses to affiliated companies-$168,690
    2023depreciation and amortization of software$33,911
    2023amortization of finite-lived intangible assets$5,734
    2023system fund and reimbursable expenses$2,267,068
    2023total operating expenses$2,829,654
    2023operating income$713,466
    2023interest income from affiliates, net$252,394
    2023income from equity method investmentsMore than one value recorded for this year — open the FDD source before comparing$24,698
    2023(losses) gains on securities$25,109
    2023other income$5,625
    2023income before income taxes$996,236
    2023provision for income taxes$235,566
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$760,670
    2023total other comprehensive income$661
    2023comprehensive income$761,331
    2023depreciation and amortization$39,645
    2023system fund depreciation and amortization$77,810
    2023share-based compensation$22,829
    2023income from equity method investmentsMore than one value recorded for this year — open the FDD source before comparing-$24,698
    2023distributions from investments in unconsolidated entities$1,071
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$52,611
    2023operating lease right-of-use assets$1,121
    2023accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$9,813
    2023receivables from and payables to affiliates$284,575
    2023operating lease liabilities-$3,488
    2023contract acquisition costs, net of repayments-$60,765
    2023net cash provided by operating activities$1,182,767
    2023contributions to investments in unconsolidated entities-$10,692
    2023loan advances-$40,300
    2023net-$587
    2023cash and cash equivalents and restricted cash at end of year$66,015
    2023supplemental disclosure of noncash investing and financing activities capital contributions related to income tax provisions$250,983
    2023supplemental disclosure cash paid for interest$22,998
    2023other adjustments$6,168
    2023member equity closing 2023$751,631,691
    2023balance at december 31, 2023$483,065
    2023general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$4,251
    2023interest income$51,460
    2023olcc fees$1,572,723
    2023miscellaneous expense-$1,852
    2023foreign withholding taxes$115,371
    2023deferred revenue-$62,076
    2023net cash$75,141,789
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$1,832,448
    2023hotel operations$88,417
    2023general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$563,909
    2023total revenuesMore than one value recorded for this year — open the FDD source before comparing$3,543,120
    2023interest expense - external-$24,680
    2023interest income - external$3,546
    2023foreign transaction-$3,922
    2023currency translation adjustments$2,321
    2023pension liability adjustments-$1,660
    2023contract assets deduction in revenueMore than one value recorded for this year — open the FDD source before comparing$19,399
    2023contract costs-$6,842
    2023deferred income taxes-$32,613
    2023prepaid and other assets$20,788
    2023other deferred revenue$1,737
    2023loyalty program deferred revenue$118,158
    2023payments for brand and other intangibles-$1,466
    2023net cash used in investing activities-$118,434
    2023investing activities purchases of property and equipment-$65,976
    2023cash and cash equivalents and restricted cash at beginning of year$66,602
    2023cash paid for interest from affiliates$52,218
    2023financing activities net settlements of parent's investment-$1,064,920
    2023change in balances with affiliates offset against parent’s investment-$1,060,739
    2022balance at december 31, 2022$508,661
    2022member equity closing 2022$697,328,269

    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.

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    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.