TRYP BY WYNDHAM

Item 7 lays out a staggering initial investment range of $18,611,868 to $32,448,618 for a 100-225 room property, covering new builds or conversions with proprietary standards like fitness rooms and bunk-bed family suites. The $35,000 franchise fee leads into ongoing costs: 5% royalty, 3% brand/ad fund, plus $734-$2,088 monthly PMS support and $100/month continuing education—elevated extras compared to many hotel peers. Item 19 financials provide revenue transparency rare in hospitality, but the model's reliance on high-traffic city centers means breakeven hinges on occupancy rates amid economic swings; Wyndham's global reach helps, yet these numbers scream 'institutional investor only.'

System maturity lags since franchising began in 2010, with just 8 U.S. locations flat from 2023 to 2024 (+0% growth) despite 12 projected new units, signaling cautious expansion in competitive urban lodging. Litigation flags in the FDD spotlight breach of contract suits, fee disputes, and franchisee counterclaims for wrongful termination and fraud—red flags for operational tensions under Wyndham's Parsippany HQ. Transfers and renewals are minimal, underscoring a young, unproven network; for risk-tolerant operators with $20M+ liquidity, the 'Count On Me!' culture and reservation system could pay off long-term, but stagnant unit counts demand scrutiny before committing.