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Brand Dossier

Wyndham

FDD-based analysis. Item-level data. No franchisor input.

Wyndham costs $1,879,956 to $96,503,789 to open (2026 FDD Item 7), with a Variable fee model fee structure. Deal-Specific reads on Fee Structure and Term & Exit Terms, In Line on Unit Economics, Concern on Litigation History, Strength on Operator Validation. Independent analysis, no commissions, no franchisor revenue.
Rank #127 on Entrepreneur 2026LodgingFDD issued 2026-03-31
Ranking ContextRanking from Entrepreneur Media's 2026 Franchise 500. Zorzee is independent and not affiliated with Entrepreneur Media.
Source File2026 FDD (Wyndham Franchisor, LLC). Measurement period: Fiscal year ended December 31, 2025.
About the Brand

About Wyndham

Wyndham franchises upscale, full-service hotels located in key business and vacation destinations, operating as Wyndham Chain guest lodging facilities under the Wyndham proprietary marks and system. Each hotel offers a full-service guest experience that includes a restaurant, a bar where legally permitted, fitness facilities, and in business locations, meeting and event facilities and complimentary mobile print service, while Wyndham Resort properties add amenities such as golf, tennis, beaches, and spas. Wyndham grants franchises to new hotel operators building new facilities and to existing hotel operators converting an existing hotel to the brand, and also franchises Wyndham Grand and Wyndham Garden hotels.

Source: Entrepreneur 2026 ranking/profile data, rewritten by Zorzee

Investment Summary

The Numbers At a Glance

Total Investment Range
$1,879,956 to $96,503,789
FDD Item 7
Franchise Fee
$50,000
Development fee: No separate development, area, or multi-unit development fee is disclosed; the franchise is granted for a single approved hotel location. Onboarding-related charges in Item 5 include an OPERA PMS Set-Up and Implementation Fee of $19,400 to $29,300, a $1,500 Wyndham Gateway equipment and installation fee, a $2,500 PIP preparation fee for conversion, transfer or renewal facilities, and a $1,250 temporary signage fee where applicable (Item 5, p.27-29).
FDD Item 5
Royalty + Fees
Variable fee model
No single blended current burden is stated. The recurring base off the top is 8.0% of Gross Room Revenues (5% Royalty Fee plus 3% Marketing and Global Sales Fee). On top of that, point-earning stays carry a Loyalty Program Charge of 4.25% to 5.5%, and reservations routed through the franchisor's channels carry commission and per-reservation distribution fees (Item 6, p.29-35).
FDD Item 6
Earnings Claim
Disclosed (hotel metrics)
2025 average and median ADR, Occupancy Rate, and RevPAR for 28 Qualified Wyndham Chain Facilities in the United States and Canada.
FDD Item 19

Every value here comes straight from the FDD; anything not yet source-verified stays blank rather than estimated. The Pro figures and full interpretation unlock with a Pro membership.

The FDD Data Table

Everything the 2026 Filing Discloses

Every data point Zorzee tracks for this brand, in FDD Item order. Missing source data stays blank; Pro-only interpretation remains locked.

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ItemData PointValueSource
Item 3Litigation Actions (total) 14 actions disclosed FDD Item 3
Item 5Initial Franchise Fee The Initial Franchise Fee is the greater of $50,000 or $500 per room for a new construction or conversion Chain Facility (Item 5, p.27). FDD Item 5
Item 5Development Fee No separate development, area, or multi-unit development fee is disclosed; the franchise is granted for a single approved hotel location. Onboarding-related charges in Item 5 include an OPERA PMS Set-Up and Implementation Fee of $19,400 to $29,300, a $1,500 Wyndham Gateway equipment and installation fee, a $2,500 PIP preparation fee for conversion, transfer or renewal facilities, and a $1,250 temporary signage fee where applicable (Item 5, p.27-29). FDD Item 5
Item 6Royalty Fee Royalty Fee of 5% of Gross Room Revenues (GRR), due by the 3rd day of each month for the preceding month, payable from the Opening Date until expiration or sooner termination of the Franchise Agreement (Item 6, p.29). FDD Item 6
Item 6National Media Fund Pro FDD Item 6
Item 6Corporate Ad & Development Fund Pro FDD Item 6
Item 6Total Ongoing Fee Burden Pro Calculated (Item 6)
Item 7Total Investment (low) $1,879,956 FDD Item 7
Item 7Total Investment (high) $96,503,789 FDD Item 7
Item 8Required Purchases (food/supplies) Pro FDD Item 8
Item 11Franchisor Assistance Pro FDD Item 11
Item 12Exclusive Territory Pro FDD Item 12
Item 12Territory Size Pro FDD Item 12
Item 15Operating Participation Pro FDD Item 15
Item 17Initial Term Length Pro FDD Item 17(a)
Item 17Renewal Terms Pro FDD Item 17(b)-(c)
Item 17Required Remodel at Renewal Pro FDD Item 17(c)
Item 17Termination Triggers Pro FDD Item 17(f)-(h)
Item 17Transfer Fee Pro FDD Item 17(m), Item 6
Item 17ROFR Provisions Pro FDD Item 17(n)
Item 17Post-Termination Non-Compete Pro FDD Item 17(r)
Item 19Revenue Metric Disclosed Yes: Average Daily Rate (ADR) Average Daily Room Rate $155.55; Occupancy Rate 60.4%; RevPAR $93.94. / Median Daily Rate (ADR) Median Daily Room Rate $151.18; Occupancy Rate 60.7%; RevPAR $86.25. FDD Item 19
Item 20Total Franchised Units (2025) 67 FDD Item 20
Item 20Company-Owned Units (2025) 0 FDD Item 20
Item 20Total System Net Unit Growth (YoY) +6 FDD Item 20
Item 20Terminations Pro FDD Item 20
Item 20Agreements Signed, Not Yet Open Pro FDD Item 20
Item 21Audited Financials Pro FDD Item 21
Pro Data Points Locked
The free table maps every data point to its FDD source. Pro fills in the values and interpretation that require the full read.
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The Signal Tracker

Five Signals From the 2026 Filing

Each signal turns one part of the filing into a read a buyer can act on. Strength means the disclosed data is favorable. In Line means it is typical for the category. Deal-Specific means the term is populated but you still have to model it against your own deal. Concern means the disclosed data is a real risk. The read is free. The reasoning behind it is the Pro read.

Fee Structure
Deal-Specific
FDD Item 6
The Pro Read

Ongoing fees stack a royalty on gross room revenue with a separate national marketing and global sales contribution, then add loyalty-program charges and per-reservation and commission-based distribution fees on top. There is no disclosed cap on the blended burden, and fixed-dollar fees can rise annually with inflation. This is a large full-service hotel investment, and the fee load must be underwritten against room revenue, not profit.

Unit Economics
In Line
FDD Item 19
The Pro Read

The disclosure reports top-line operating metrics - average and median daily rate, occupancy, and revenue per available room - for a screened subset of qualifying hotels, plus reservation-channel and loyalty contribution figures. These are gross room-revenue measures, not profit, and no unit-level average revenue or earnings figure is claimed. The cohort is filtered to higher-review, inspection-passing hotels, so it is not representative of the full System.

Litigation History
Concern
FDD Item 3
The Pro Read

FDD Item 3 discloses 14 actions. Case names, allegations, procedural posture, and source quotes are locked in Pro.

Operator Validation
Strength
FDD Item 20
The Pro Read

The US System is all franchised with no company-owned hotels, and it has grown in each of the last three years with no reported terminations, non-renewals, or transfers over that span. Only a small number of hotels ceased operations for other reasons each year, and there is a pipeline of signed-but-unopened agreements plus projected openings. The validation pool is small, so reference calls should reach a meaningful share of operators.

Term & Exit Terms
Deal-Specific
FDD Item 17
The Pro Read

The license runs a long fixed term - two decades for new construction and a shorter term for conversions and transfers - with no renewal or extension right; continuing means signing the then-current agreement and potentially investing substantial new capital. There is a franchisor right of first refusal on a sale but no franchisor purchase option and no post-term non-compete. Transfers need consent and require bringing the hotel up to current standards, and early termination exposes the owner to sizable liquidated damages.

Five Reads In. The Reasoning Is Locked.
You can see where each signal lands. Pro gives you the why: the math, the source detail, and what to validate before you act.
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Item 19: Earnings Disclosure

What the Earnings Claim Says, and What It Does Not

Wyndham has Unit Economics data in Item 19, but it does not provide one standard combined unit figure for Free to display. The disclosed ADR, occupancy, RevPAR, coverage, and read are included in Pro.

Disclosed (hotel metrics)

The disclosed ADR, occupancy, RevPAR, coverage, and read are included in Pro. No combined figure is invented or exposed on Free.

What the Number Doesn't Tell You
Free, because misreading Item 19 is one of the costliest mistakes a first-time buyer can make.
  • Item 19 reports the disclosed sales or revenue metric. That is not profit, and not a forecast of what you would personally take home.
  • An average and a median are not the same number. Know which you are shown and how far apart they sit.
  • What reaches you is whatever survives operating costs and debt service. Item 19 never shows that figure.
Earnings Detail Locked
Pro reveals the filing's actual disclosure shape, coverage, ranges, and the Zorzee read without inventing a combined unit average.
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Unit Count and Trajectory

A System Still Expanding

Total Units
67
As of 2025, FDD Item 20
Franchised
67
As of 2025, FDD Item 20
Company-Owned
0
As of 2025, FDD Item 20
Total System Net Change (YoY)
+6
As of 2025, FDD Item 20
Total System Units, Latest Available FDD Years
47
2023
61
2024
67
2025

Wyndham trajectory is shown only where source-backed. Missing Item 20 fields stay blank inside the locked layout instead of removing the section.

Source: FDD Item 20 where present. Total system units, franchised plus company-owned. Not financial advice.

Beyond the Net Number
A net unit count is not the same as healthy stores. Pro breaks out openings, closures, terminations, and what the trajectory signals.
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Litigation History

What FDD Item 3 Discloses

14 actions disclosed in FDD Item 3. Case-level detail remains locked in Pro.

Case 01
Item 3 action disclosed
Case-level detail locked in Pro
The Read · Pro
Case 02
Item 3 action disclosed
Case-level detail locked in Pro
The Read · Pro
Case 03
Item 3 action disclosed
Case-level detail locked in Pro
The Read · Pro
What a Litigation Count Doesn't Tell You
Free, because a raw lawsuit count is one of the most misread lines in any FDD.
  • A count means nothing without scale and time. Always compare it to system size and years covered.
  • The pattern matters more than the total. Repeated allegations matter more than isolated disputes.
  • Concluded and open matters are not the same weight. Open matters require different diligence than old resolved matters.
Litigation Read Locked
Pro gives the case-by-case read: allegations, status, scale context, and whether any pattern matters long before signing.
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Editorial Analysis

The Zorzee Read

The Zorzee Take
The editor's synthesis: what the filing actually means once the numbers, diligence, and operator reality are weighed against each other. The Take names what matters, what does not, and what must be validated before any decision.
The Read · Pro
The Inversion
Charlie Munger's rule: to understand a thing, study how it fails. Zorzee stress-tests every brand against forecasting, site selection, management depth, and exit math. The framework is free. Which modes bite hardest for this brand, and the fix for each, is the read.
The Failure-Mode Read · Pro
The Editorial Read Is Locked
Pro unlocks the full Zorzee read on Wyndham: the editorial synthesis, the math behind the numbers, and the failure modes the filing reveals. Zorzee briefs the decision; you make it.
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Zorzee editorial. Independent analysis. No franchisor review or approval. Not financial advice.

The Decision

You've Seen the Filing. The Read Is Still the Missing Piece.

The filing tells you what Wyndham costs to open. Pro adds the read on whether the numbers work for you, in your market, and whether this brand is a business or a job you bought.

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This Dossier
  • The full read behind all five Signal Tracker verdicts
  • Pro FDD data points from fee burden through Item 17 and audited financials
  • The Item 19 earnings read where disclosed
  • The litigation and system-health read
  • The Zorzee Take and failure-mode analysis
Your Pro Membership
  • The Zorzee Report Pro every Tuesday, one franchise decoded each week
  • The full Signal Tracker across the portal
  • The Zorzee Files: FDD guides, DCF templates, and pro forma models (coming soon)
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FAQ

Wyndham Franchise Questions, Answered

How much does a Wyndham franchise cost?

A Wyndham franchise costs $1,879,956 to $96,503,789 to open, disclosed in FDD Item 7 of the 2026 filing, covering the franchise fee, buildout, equipment, and working capital to breakeven. No commissions, no franchisor revenue, independent analysis only.

What are the royalty and fees for Wyndham?

Wyndham uses a Variable fee model fee structure, disclosed in FDD Item 6.

What does Wyndham disclose in FDD Item 19?

Item 19 for Wyndham includes a unit sales or revenue metric. The figure is gross sales, not profit. Zorzee reads the full metric and what it excludes in the Pro dossier.

Does Wyndham have any lawsuits or litigation?

Wyndham's FDD Item 3 discloses 14 legal actions. A raw count means little without scale and time, so weigh it against the system's 67 units and the years covered. The case-level detail is the Pro read.

Is Wyndham a good franchise investment?

Zorzee does not rate franchises good or bad; it reports what the filing discloses so you can judge fit. Wyndham shows Deal-Specific reads on Fee Structure and Term & Exit Terms, In Line on Unit Economics, Concern on Litigation History, Strength on Operator Validation. Whether it fits depends on your capital, your market, and your operating style. Independent analysis, no franchisor revenue.