The 2026 Best Western FDD moves the Item 7 estimated initial investment range from $577,215–$12,652,545 to $6,130,275–$12,658,075, and the system contracts from 1,770 to 1,750 outlets (−1.1%) year-over-year. Neither filing includes an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $577,215 | $6,130,275 | +$5,553,060 (+962.0%) |
| High end of range | $12,652,545 | $12,658,075 | +$5,530 |
| Full range | $577,215–$12,652,545 | $6,130,275–$12,658,075 |
The 2026 filing puts the Item 7 estimated initial investment at $6,130,275–$12,658,075, against $577,215–$12,652,545 in the 2025 filing. The low end moves by +$5,553,060 (+962.0%) and the high end moves by +$5,530, narrowing the band from $12,075,330 to $6,527,800.
2025 filing: Total estimated initial investment varies by property brand, market segment, room count, and whether the project is new construction or conversion. See Item 7 for detailed tables by brand.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 1,770 | 1,750 | −20 (−1.1%) |
| Franchised outlets | 1,768 | 1,748 | −20 (−1.1%) |
| Company-owned outlets | 2 | 2 | unchanged |
| Openings during the year | 31 | 32 | +1 |
| Closures during the year | 64 | 52 | −12 |
Best Western reports 1,750 outlets in the 2026 FDD, against 1,770 in the 2025 filing — a change of −20 (−1.1%).
Outlet counts as each filing states them — 2025: Fiscal Year Ended November 30, 2024; 2026: End of 2025. The outlet count tables include only locations classified as Licensed or Company Owned for the Best Western system as defined in the FDD. The detailed state-by-state tables in Item 20 extend to all open, transferred, or closed outlets over the reporting period.
Neither the 2025 nor the 2026 Best Western filing includes an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 5% | 5% | unchanged |
The standard royalty rate holds at 5% of Property Room Revenue (PRR) across both filings.
2025 filing: Members with qualifying 2016 ownership structures may pay a 3.5% royalty rate. 2026 filing: For most members the monthly fee is 5% of Property Room Revenue, but a 3.5% rate applies to certain legacy ownership structures defined in Item 6.