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Franchise Disclosure Document (FDD)

2 stories · First covered Feb 21, 2026 · Latest May 6
Franchise Disclosure Document (FDD) Coverage
Marriott's Fee Machine Just Posted a $1.43 Billion Quarter. Guess Who Funded It.

Marriott's Fee Machine Just Posted a $1.43 Billion Quarter. Guess Who Funded It.

Marriott's Q1 earnings beat every estimate on the board, powered by a 12% jump in gross fees and a loyalty program approaching 283 million members. The celebration looks different depending on which side of the franchise agreement you're sitting on.

IHG's Record Openings Are a Brand Machine Story, Not a Hotel Story

IHG's Record Openings Are a Brand Machine Story, Not a Hotel Story

IHG's $1.3B profit and record signings look like momentum. But who's absorbing the risk behind all those flags?