FDD ITEM 20 · FISCAL 2017–2019
Wyndham Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2019), Wyndham reported 22 franchised outlets at year end. 4 of 26 franchised outlets open at the start of the year left the system — an annualized exit rate of 15.4%— while 0 new outlets opened. Systemwide units moved -4.3% over 2017–2019.
| Status (FTC) | 2017 | 2018 | 2019 |
|---|---|---|---|
| Outlets at start | 21 | 23 | 26 |
| Opened | 5 | 4 | 0 |
| Transfers | 1 | 0 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 3 | 1 | 4 |
| Outlets at end | 23 | 26 | 22 |
| Net change | +2 | +3 | -4 |
0 terminations + 0 non-renewals + 4 ceased (other) = 4 exits ÷ 26 at start = 15.4%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| FL | 3 | 0 |
| PA | 3 | 0 |
| IL | 2 | 0 |
| RI | 2 | 0 |
| TX | 2 | 0 |
| AR | 1 | 0 |
| CA | 1 | 0 |
| CO | 1 | 0 |
| CT | 1 | 0 |
| IN | 1 | 0 |
| NJ | 1 | 0 |
| NY | 1 | 0 |
| OK | 1 | 0 |
| PR | 1 | 0 |
| VA | 1 | 0 |
| AZ | 0 | 0 |
| NM | 0 | 0 |
| OR | 0 | 0 |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Wyndham's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →