Research preview · Archived source data · Not independently reviewed · Automated extraction

Hotels & Lodging · Brand S0566

Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchise research

Costs by format. Disclosure context. Historical loan evidence. Know what is captured and what still needs diligence.

Open your research shortlist

Source: FDD issued May 20, 2026 · SBA data through Jun 30, 2026 · Automated extraction, not human-reviewed · View all sources

Investment
$194,595 to $1,106,595
conversion hotel (68-guestroom estimate)
Royalty
5%
5.0% of the preceding month's Gross Room Revenues (GRR), payable monthly
Working capital
$15,000-$30,000
for recurring fees and other expenses (suppliers, employees, utilities) during the 3-month period after opening
Units
599
-44 net in 2025
SBA loans approved
119
FY2021 to FY2026 YTD
SBA charge-off share
1.89%
historical, not a failure rate

Investment by format

Estimated initial investment by named format
FormatDisclosed range
conversion hotel (68-guestroom estimate)$194,595 to $1,106,595

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.48 ↗

Franchise fees and ongoing costs

Franchise fee
$1,000 to $25,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.
Royalty
5% · 5.0% of the preceding month's Gross Room Revenues (GRR), payable monthly
Marketing contribution
3.5% (basis not captured; see original filing)
Technology fee
$8.35/room/month (Property Technology & Service Fee), subject to $400 min/$700 max per month; +$0.35/room/month if optional RESiN integration added
Other fees
Rewards Program (Choice Privileges) Fee, 5% of room revenue from rewards members, monthly; CrowdStrike security fee, $35/month; Global Distribution System (GDS) fee, $7.70 per reservation
Working capital (FDD Item 7)
$15,000-$30,000 for recurring fees and other expenses (suppliers, employees, utilities) during the 3-month period after opening

Fees sourceFDD p.34 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.48 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured
Yes
Metric / basis
Average Occupancy Rate, Average Daily Rate (ADR), RevPAR, and Choice enterprise/loyalty program revenue contribution percentages - no gross sales, revenue, or profit dollar figures are disclosed
Reporting period
Year ended December 31, 2025
Sample
562 hotels in the 'Performance Sample' (of 599 total open/operating franchised Econo Lodge hotels in the US as of 12/31/2025); a second sub-table covers 215 of those hotels with above-average guest Likelihood-to-Recommend scores
Reported average
Not captured
Reported median
Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.79 ↗

Unit growth: Item 20

Reporting year
2025
Scope
franchised outlets
Starting outlets
643
Year-end outlets
599
Net change
-44
Derivation
ending minus starting outlets
Openings
21
Terminations
9
Non-renewals
7
Other closures
49
Reacquisitions
0
Transfers
24

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.82 ↗

SBA loan history

Loan activity
119 approvals
Activity window
FY2021-FY2026 YTD; snapshot 2026-06-30
Median SBA loan
$1,578,600
Median loan window
FY2023-FY2026 YTD through 2026-06-30
Median loan sample
42 loans
Historical charge-off share
1.89%
Cohort
7(a) FY2010-2019 approvals
Numerator / denominator
1 / 53
Formula
CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchise cost?

conversion hotel (68-guestroom estimate): $194,595 to $1,106,595 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $1,000 to $25,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.48 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Average Occupancy Rate, Average Daily Rate (ADR), RevPAR, and Choice enterprise/loyalty program revenue contribution percentages - no gross sales, revenue, or profit dollar figures are disclosed. Sample: 562 hotels in the 'Performance Sample' (of 599 total open/operating franchised Econo Lodge hotels in the US as of 12/31/2025); a second sub-table covers 215 of those hotels with above-average guest Likelihood-to-Recommend scores. Period: Year ended December 31, 2025.

Item 19 performance sourceFDD p.79 ↗

What's the SBA charge-off rate for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels?

1.89%; numerator / denominator: 1 / 53. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $1,578,600; window: FY2023-FY2026 YTD through 2026-06-30; sample: 42 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Sources and data details

Every figure above links to the page of the filing it was read from. These are the document IDs, page pointers and checksums behind them, for anyone who wants to audit the data.

Show document IDs, page pointers and hashes
Fees

Original source · FDD issued: 2026-05-20; Registry received: 06/02/2026
Document: 36786-202606-03; document SHA-256: 0ecd291e7882f20740cf2e61b373deddfa8b2fc27abf59c95fcecae9e0aff23c
PDF page: 34; pointer: scalar-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

Investment

Original source · FDD issued: 2026-05-20; Registry received: 06/02/2026
Document: 36786-202606-03; document SHA-256: 0ecd291e7882f20740cf2e61b373deddfa8b2fc27abf59c95fcecae9e0aff23c
PDF page: 48; pointer: scalar-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

Franchise fee

Original source · FDD issued: 2026-05-20; Registry received: 06/02/2026
Document: 36786-202606-03; document SHA-256: 0ecd291e7882f20740cf2e61b373deddfa8b2fc27abf59c95fcecae9e0aff23c
PDF page: Not captured; pointer: source-known-page-unknown. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d
Enrichment generated: 2026-10-03T11:34:53.025030+00:00

Item 19 performance

Original source · FDD issued: 2026-05-20; Registry received: 06/02/2026
Document: 36786-202606-03; document SHA-256: 0ecd291e7882f20740cf2e61b373deddfa8b2fc27abf59c95fcecae9e0aff23c
PDF page: 79; pointer: section-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

Unit growth

Original source · FDD issued: 2026-05-20; Registry received: 06/02/2026
Document: 36786-202606-03; document SHA-256: 0ecd291e7882f20740cf2e61b373deddfa8b2fc27abf59c95fcecae9e0aff23c
PDF page: 82; pointer: scalar-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

SBA loans

Original source · SBA snapshot: 2026-06-30
Document: FOIA_7a_FY2010_FY2019_asof_260630.csv; document SHA-256: 01a3e2c7988a6f4052e53f218a309feb2ec2fe42887bebdc0fa94ac8b1024ade
PDF page: Not captured; pointer: raw-aggregate-recomputed. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d
Input document hashes: FOIA_7a_FY2010_FY2019_asof_260630.csv: 01a3e2c7988a6f4052e53f218a309feb2ec2fe42887bebdc0fa94ac8b1024ade; FOIA_7a_FY2020_Present_asof_260630.csv: 6c1e9132b5141a19f82bdc8ccafb86c9a01662461cad41ddb36a3cf409d8a4fe; FOIA_504_FY2010_Present_asof_260630.csv: 8c0e15414217254bcde2a253a8f17418b3dc65ce78dbc56cc1f1ab05c4a05ad4; code_map.csv: df55c53a0afc764ee1507d535a1924a3fab105a6daca0143ca56d9791d385d7b

Median SBA loan

Original source · SBA snapshot: 2026-06-30
Document: FOIA_7a_FY2020_Present_asof_260630.csv; document SHA-256: 6c1e9132b5141a19f82bdc8ccafb86c9a01662461cad41ddb36a3cf409d8a4fe
PDF page: Not captured; pointer: raw-median-recomputed. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d
Input document hashes: FOIA_7a_FY2020_Present_asof_260630.csv: 6c1e9132b5141a19f82bdc8ccafb86c9a01662461cad41ddb36a3cf409d8a4fe; code_map.csv: df55c53a0afc764ee1507d535a1924a3fab105a6daca0143ca56d9791d385d7b
Enrichment generated: 2026-10-03T11:34:53.025030+00:00
Program: 7(a); Amount column: GrossApproval