FILING · MN · 2026 FDD
ECONO LODGE FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). ECONO LODGE's most recent FDD tracked here is the 2026 FDD, a multistate filing. Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $35,000 |
| ITEM 6 | Ongoing royalty | 5.0% of gross sales |
| ITEM 7 | Total initial investment | $195K–$1.1M |
| ITEM 3 | Disclosed litigation matters | 141 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 599 franchised at year end · 65 exits (exit rate 10.1%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — Ernst & Young LLP |
The headline figure is Average Occupancy Rate, Average Daily Rate, RevPAR for Year ended Dec 31, 2025, for 562 of 599 units, leaving out not operating on or before Jan 1, 2025, repositioned from another Choice brand in 2025, incomplete performance data 30+ days and others. It is not an annual per-outlet figure, so we don't treat it as unit revenue. It shows no costs, so it says nothing about what an owner keeps.
Graded on three things the filing states: coverage (2 points if the figure covers at least 75% of the units it is compared with, 1 point for 50–75%), centre (2 points if it prints both a median and a mean, 1 for one of them), and costs (2 points for costs through a profit line or full cost detail, 1 for some cost items). 5–6 points = More complete, 3–4 = Partial, 0–2 = Limited. The grade describes the disclosure, not the business.
| What is measured | Average Occupancy Rate, Average Daily Rate, RevPAR (other measure; not an annual per-outlet figure) |
| Period | Year ended Dec 31, 2025 |
| Whose results | Franchised outlets |
| Units included | 562 of 599 open and operating ECONO LODGE hotels in the U.S. at Dec 31, 2025 |
| Left out |
|
| Average (mean) | not printed |
| Median | not printed |
| Met or beat the average | RevPAR 245 (43.6%) |
| Costs shown | None — sales only |
| Where | p. 80 (Item 19 runs pp. 79–82) |
| The filing's words | “562 were ECONO LODGE hotels that met the definition of the Performance Sample” |
Ernst & Young LLP gave an unmodified (clean) opinion on the statements in the 2026 FDD; revenue rose 3% from FY2023 to FY2025.
Audit opinion
Unmodified (clean) opinion
Ernst & Young LLP
Revenue · FY2025
$1.60B
p. 120 · matched to statement
Net income · FY2025
$369.9M
p. 120 · matched to statement
Where FY2025 revenue came from
42% royalties
initial-fee share not extracted
- Fiscal years covered: FY2023, FY2024, FY2025 (2026 FDD, statements from p. 120)
- Statements are for: CHOICE HOTELS INTERNATIONAL, INC.
- Parent / owner: not identified in the statements
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenue | $1.54Bp. 120 · matched to statement | $1.58Bp. 120 · matched to statement | $1.60Bp. 120 · matched to statement |
| Royalty revenue | $652.1Mextracted · not cross-checked | $669.6Mextracted · not cross-checked | $673.2Mextracted · not cross-checked |
| Net income (loss) | $258.5Mp. 120 · matched to statement | $299.7Mp. 120 · matched to statement | $369.9Mp. 120 · matched to statement |
| Equity (deficit) at year end | not extracted | −$45.3Mp. 122 | $181.2Mp. 122 |
| Cash at year end | not extracted | $40.2Mp. 122 | $45.0Mp. 122 |
How to read this: royalties recur as long as franchisees trade; initial and development fees arrive only when new franchises are sold. A franchisor whose revenue leans on initial fees is funding itself by selling territories, and that revenue stops when sales slow. Under ASC 606 most franchisors recognize initial fees over the agreement term, so the line understates the cash collected in a strong selling year. Ad-fund revenue, where reported, is included in total revenue as the statements present it.
Each figure links to its page in the filed PDF. “Matched to statement” means our extraction and a second, rule-based read of the statement page agree; “extracted · not cross-checked” means the statement page is a scanned image or could not be read as text. Figures we could not place on a consistent scale are withheld, not guessed. Spotted an error? Report a correction.
Every figure above was extracted by software from the 2026 ECONO LODGE FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
ECONO LODGE FDD questions, answered
Where can I download the ECONO LODGE FDD for free?
ECONO LODGE's 2026 Franchise Disclosure Document is a public record. It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is ECONO LODGE's most recent FDD on file?
The most recent ECONO LODGE FDD tracked here is the 2026 FDD. Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does ECONO LODGE's FDD disclose earnings (Item 19)?
Yes — ECONO LODGE makes a financial performance representation in Item 19 of its 2026 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does ECONO LODGE's FDD Item 20 show?
In fiscal 2025, ECONO LODGE ended with 599 franchised outlets; 65 of 643 open at the start of the year left the system (exit rate 10.1%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The ECONO LODGE validation checklist
questions built from this brand's own filings · read them all on the profile
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