Franopolis
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    Franchise opportunities compared

    Tribute Portfolio Hotels vs Undergraduate

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Tribute Portfolio Hotels2026 FDDUndergraduate2026 FDD

    Initial investment · Item 7

    Tribute Portfolio Hotels

    $60,031,490 – $98,155,890

    2026 FDD · Item 7 · PDF p. 66

    Undergraduate

    $10,613,284 – $36,628,981

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Tribute Portfolio Hotels

    —

    2026 FDD · Item 5 · PDF p. 39

    Undergraduate

    Not available

    Royalty · Item 6

    Tribute Portfolio Hotels

    Not available

    Undergraduate

    5%

    2026 FDD · Item 6 · PDF p. 28

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Undergraduate discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Tribute Portfolio Hotels has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Tribute Portfolio Hotels

    $60,031,490 – $98,155,890
    OM PAYMENT IS TO BE MADE Total Range (excludes costs identified as not determinable) — 60031490
    2026 FDD · Item 7 · PDF p. 66

    Undergraduate

    $10,613,284 – $36,628,981
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Tribute Portfolio Hotels

    —
    2026 FDD · Item 5 · PDF p. 39

    Undergraduate

    Not available
    No single standard fee identified
    Royalty (Item 6)

    Tribute Portfolio Hotels

    Not available
    No reviewed royalty record

    Undergraduate

    5%
    Monthly Royalty Fee
    2026 FDD · Item 6 · PDF p. 28
    Brand / advertising fund (Item 6)

    Tribute Portfolio Hotels

    $31,548
    ncludes a contribution to the Marketing Fund of 1.5% of gross room sales); plus — ii) — 31548
    2026 FDD · Item 6 · PDF p. 58

    Undergraduate

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Tribute Portfolio Hotels

    101
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 125

    Undergraduate

    0
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 89
    Net outlet change (Item 20)

    Tribute Portfolio Hotels

    +35
    Calculated: 66 at end of 2023 → 101 at end of 2025

    Undergraduate

    +0
    Calculated: 0 at end of 2023 → 0 at end of 2025
    Outlet exits (Item 20)

    Tribute Portfolio Hotels

    Not available
    No complete exit records for a year

    Undergraduate

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Tribute Portfolio Hotels

    Not available
    Not in reviewed records

    Undergraduate

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Tribute Portfolio Hotels

    Not available
    Not in reviewed records

    Undergraduate

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Tribute Portfolio Hotels
    Locations counted not stated in the reviewed record — STR Included franchised Tribute Portfolio hotels
    $144
    other RevPAR
    2026 FDD · Item 19 · PDF p. 119
    Locations counted not stated in the reviewed record — 1-Year Comp Tribute Portfolio hotels
    $121
    other RevPAR Index was 102.5. During 2025, the ADR for the 1-Year Comp Hotels ranged from
    2026 FDD · Item 19 · PDF p. 120
    Locations counted not stated in the reviewed record — 1-Year Comp hotels
    102.5 index
    other RevPAR index
    2026 FDD · Item 19 · PDF p. 120
    +2 more groups in the full report
    Undergraduate

    No reviewed Item 19 figures

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Tribute Portfolio Hotels vs Undergraduate: common questions

    Which costs less to open, Tribute Portfolio Hotels or Undergraduate?
    Tribute Portfolio Hotels: $60,031,490 – $98,155,890 (2026 FDD · Item 7 · PDF p. 66); Undergraduate: $10,613,284 – $36,628,981 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Undergraduate. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, Tribute Portfolio Hotels or Undergraduate?
    Tribute Portfolio Hotels: 101 (2026 FDD · Item 20 · PDF p. 125); Undergraduate: 0 (2026 FDD · Item 20 · PDF p. 89). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Tribute Portfolio Hotels and Undergraduate disclose financial performance (Item 19)?
    Tribute Portfolio Hotels has reviewed Item 19 figures for 5 location groups; Undergraduate has no reviewed Item 19 figures on file. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Tribute Portfolio Hotels report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Undergraduate report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    FDD glossary

    Plain-language meaning of each Item