Studio 6 FDD: What Changed from 2025 to 2026
The 2026 Studio 6 FDD lifts the high end of the Item 7 estimated initial investment from $2,150,000 to $9,700,000 (+$7,550,000) while the low end holds at $200,000; the change reflects new larger property formats added at the top of the range. System size stays at 300 locations.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $200,000 | $200,000 | unchanged |
| High end of range | $2,150,000 | $9,700,000 | +$7,550,000 |
| Full range | $200,000–$2,150,000 | $200,000–$9,700,000 |
The Item 7 ceiling expands sharply between filings, widening the overall investment band from $1,950,000 to $9,500,000. The low end stays constant at $200,000, reflecting conversion of an existing property at the bottom of the range.
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 300 | 300 | unchanged |
Studio 6 reports 300 locations in both the 2025 and 2026 filings — system size is unchanged year-over-year.
Item 19 — Financial Performance Representations
Studio 6 included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Item 6 — Ongoing Fees
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Royalty rate | 5% | 5% | unchanged |
The ongoing royalty rate remains 5% of Gross Room Revenues between filings; the initial franchise fee is unchanged at $25,000.
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