FDD ITEM 20 · FISCAL 2023–2025
JDV BY HYATT Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), JDV BY HYATT reported 8 franchised outlets at year end. 1 of 6 franchised outlets open at the start of the year left the system — an annualized exit rate of 16.7%— while 3 new outlets opened. Systemwide units moved +5.9% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 15 | 17 | 18 |
| Opened | 2 | 2 | 3 |
| Transfers | 0 | 0 | 0 |
| Terminations | 0 | 1 | 1 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 17 | 18 | 18 |
| Net change | +2 | +1 | 0 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 6 at start = 16.7%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| NY | 2 | 3 |
| AK | 1 | — |
| AZ | 1 | — |
| IL | 1 | 0 |
| KY | 1 | — |
| LA | 1 | — |
| RI | 1 | — |
| CA | 0 | 5 |
| MD | 0 | 0 |
| NC | 0 | 1 |
| TX | 0 | 1 |
The JDV BY HYATT validation checklist
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