From the filed FDD — automated extraction, check the source
2020 FDD · 5+ years old — too old to rate
The Registry Collection
Soft-brand hotel collections · parent company: not identified
Registry Collection Hotels is an upscale soft-brand hotel collection in the Wyndham family that lets independent luxury properties plug into a global reservation and loyalty system. A franchisee owns and operates a hotel that keeps its own identity while paying brand fees for distribution and marketing support.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. Most numbers on this page come from that document; others come from federal SBA loan records and labor and census data, each labelled with its source:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened, transferred and left the system, the main basis for our verdict, which rates how strong the disclosed record is, or says when the system is too new, the filing too old, or the disclosure too thin to judge.
Our rating · opinion
Filing too old to rate
The newest FDD we hold for this brand is from 2020, more than two years old. Franchise systems change a lot in that time, so we don't rate it until we have a current filing.
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A weekly check for new filings, changes to disclosed costs or earnings, SBA loan totals, and verified public-record events. Only changes to these 1 selected brand. No email when nothing changes. Coverage depends on when source data reaches our database.
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Data as of 2026-10-29. Figures come from The Registry Collection's public FDD filings (latest: MN 2020, extracted 2026-07-23) and SBA FOIA loan records (through FY2026), extracted by us and possibly containing errors. The rating is our opinion, not investment, legal, or tax advice. Franchisor or owner and see something wrong? Report a correction — we review every request.
What each source says
FDD record · SBA loans · model · auditor
We don't rate on an FDD more than two years old; the loan record and model are shown as context until a current filing arrives.
FDD record · Item 20
Filing too old
Latest FDD we hold is from 2020.
SBA loans · vs same-year loans
No SBA loans found
No 7(a)/504 loans matched to this brand.
Modeled risk
Not scored
Too little evidence for the model.
Auditor opinion · Item 21
Clean opinion
Unqualified audit, 2020 FDD. Says nothing about franchisee results.
Behind the verdict
the record, factor by factor · Item 20
No score available.
Systemwide units
Insufficient trend data.
The franchisor's own finances
FDD ITEM 21 · AUDITED STATEMENTS · 2020 FDD
Deloitte & Touche LLP gave an unmodified (clean) opinion on the statements in the 2020 FDD; revenue rose 60% from FY2017 to FY2019.
This is the company selling the franchise, not any franchisee. A clean opinion means the statements are fairly presented — not that the business is healthy.
Audit opinion
Unmodified (clean) opinion
Deloitte & Touche LLP
Revenue · FY2019
$2.05B
extracted · not cross-checked
Net income · FY2019
$157.0M
extracted · not cross-checked
Where FY2019 revenue came from
23% royalties
initial-fee share not extracted
Show the statement figures ↓Hide the evidence ↑
| Fiscal year | FY2017 | FY2018 | FY2019 |
|---|---|---|---|
| Total revenue | $1.28Bextracted · not cross-checked | $1.87Bextracted · not cross-checked | $2.05Bextracted · not cross-checked |
| Royalty revenue | $364.0Mextracted · not cross-checked | $441.0Mextracted · not cross-checked | $480.0Mextracted · not cross-checked |
| Net income (loss) | $230.0Mextracted · not cross-checked | $162.0Mextracted · not cross-checked | $157.0Mextracted · not cross-checked |
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
To open (Item 7)
$477K–$35.6M
all-in investment range
Franchise fee (Item 5)
$54,500
upfront, one-time
Royalty (Item 6)
5%
of sales, ongoing
Starts at a placeholder of $2M — a round figure for the sector, not from The Registry Collection’s filings. This brand's FDD makes no Item 19 earnings claim; set your own figure and check it with current and former owners.
Royalty you'd pay / yr
$100K
5% of sales, before profit
Over a 10-yr term
$1M
royalties alone, excl. ad fund
This estimate is computed by software from the brand's public filings and any inputs you enter. No CPA prepared it for you and no assurance is provided on it. Actual results will differ, and the differences may be material.
This is not profit. It covers what the FDD fixes: what you put in, and the royalty you owe on sales. Your take-home depends on payroll, property costs, brand and reservation fees, debt on the building, and the months to breakeven, none of which the FDD fixes for your unit (some Item 19s include cost data — read it).
Build a real pro-forma for The Registry Collection with a buyer-paid CPAPublic records
Bankruptcy, closure & federal court records · coverage is selective · dockets are not scored
We have no verified public-record signals published for The Registry Collection. This is not evidence that no events exist. Check PACER, the FDD's Item 3 (litigation) and Item 4 (bankruptcy), and recent news yourself.
7 questions to ask The Registry Collection franchisee
Built from this brand's own disclosures · take it to your validation calls
The franchisor will give you a list of owners to call. Most buyers ask whether they like it. These questions come from what The Registry Collection has disclosed. Each one carries the number it came from, so you can check the answer against the record.
- 01
You pay 5.0% royalty on gross sales, plus the ad fund, before any of your own costs. On your actual revenue last year, what did you take home as the owner — not revenue, take-home?
Royalty is charged on sales, not profit. This is the number the brochure never shows and the one your life actually runs on.
FDD Item 6
- 02
The Registry Collection’s FDD makes no financial performance representation at all — legally, they've told buyers nothing about earnings. What did your first 24 months actually look like, month by month?
When a franchisor won't publish numbers, existing owners are the only source. Silence in Item 19 is a choice, not a requirement.
FDD Item 19 · 2020
- 03
How many months did it take to cover your own costs, and how much cash did you burn getting there?
Ramp-to-breakeven working capital is the most underestimated line in any franchise purchase, and the most common reason otherwise-good units fail.
Not disclosed in any FDD — ask an owner
- 04
Item 3 discloses 12 legal matters. Do you know what those were about, and were any brought by franchisees?
Franchisee-brought suits over territory, fees or support tell you how the franchisor behaves when there's a disagreement.
FDD Item 3 · 2020
- 05
What does the franchisor charge for that you didn't expect — required tech fees, mandatory remodels, approved-supplier pricing?
Required spending appears across Items 6, 8 and 11 rather than in one place, so buyers routinely miss the total.
FDD Items 6, 8, 11
- 06
If your agreement came up for renewal tomorrow at current terms, would you sign again?
The single most predictive question you can ask. A hesitation is the answer.
Ask every owner you speak to
- 07
Who else should I call — including someone who left?
The franchisor's list is curated by definition. Former franchisees are where the unflattering truth lives, and current owners usually know how to reach them.
Ask every owner you speak to
Want this as a checklist you can take to the calls?
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A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing The Registry Collection’s numbers, including talking you out of a bad deal.
This page is what buyers see before they call you for validation. If the record above is wrong — or right in a way the numbers can't show — say so. Franchisors: send corrections with the page reference and we will review them against the filing and update or annotate the page. Corrections are checked against the filings; nothing you write is published with your name unless you agree to it.