Courtyard by Marriott's 2026 FDD lists an Item 7 estimated initial investment of $15,129,110–$35,570,110, against $14,853,210–$40,502,610 in the 2025 filing.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $14,853,210 | $15,129,110 | +$275,900 |
| High end of range | $40,502,610 | $35,570,110 | −$4,932,500 |
| Full range | $14,853,210–$40,502,610 | $15,129,110–$35,570,110 |
The 2026 filing puts the Item 7 estimated initial investment at $15,129,110–$35,570,110, against $14,853,210–$40,502,610 in the 2025 filing.
2026 filing: Item 6 details a complex fee structure, including separate fees for program services, loyalty contributions, and a variety of technology and support programs. Certain one-time and ongoing fees vary by hotel size and type.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 1,075 | 1,083 | +8 (+0.7%) |
| Franchised outlets | 912 | 931 | +19 (+2.1%) |
| Company-owned outlets | 163 | 152 | −11 |
| Openings during the year | 9 | 7 | −2 |
| Closures during the year | Not disclosed | 0 |
Courtyard by Marriott reports 1,083 outlets in the 2026 FDD, against 1,075 in the 2025 filing — a change of +8 (+0.7%).
Outlet counts as each filing states them — 2025: December 31, 2024; 2026: December 31, 2025. Item 20 outlet counts reflect both franchised and company-managed/leased units, with unit changes and transfers reported by state. Company-owned locations include franchisee reacquisitions and conversions.
Courtyard by Marriott included an Item 19 financial performance representation in both the 2025 and 2026 filings. The 2026 filing discloses financial performance, broken out across 3 outlet segments for Calendar year ended December 31, 2025 (2025).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 6% | 6% | unchanged |
The standard royalty rate holds at 6% of Gross Room Sales across both filings.
2025 filing: Gross Room Sales includes all revenues related to room rentals and designated surcharges as specified in Item 6 Notes 1. 2026 filing: Gross room sales includes specified revenue items and is defined in detail in Item 6.