At what annual interest rate will Delta Hotels By Marriott charge for late payments?
Delta_Hotels_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
nt (and any applicable changes) will be computed on a fair and consistent basis among similarly situated System Hotels. Franchisor may change such other fees, charges and costs to reflect any change in (i) the costs of providing, or the scope of, the relevant goods, programs or services; (ii) the method Franchisor uses to determine allocation of the applicable charg
Source: Item 23 — RECEIPTS (FDD pages 134–251)
What This Means (2025 FDD)
According to Delta Hotels By Marriott's 2025 Franchise Disclosure Document, franchisees will incur interest on any payments not made when due. The interest rate is set at 18% per annum. However, if the applicable law specifies a maximum interest rate lower than 18%, the lower rate will be applied.
This interest applies from the date the overdue amount was originally due until the payment is made in full. This interest charge is in addition to any other legal remedies that Delta Hotels By Marriott may pursue for the late payment.
For a prospective Delta Hotels By Marriott franchisee, this means that managing cash flow and ensuring timely payments is crucial to avoid these interest charges. Franchisees should be aware of both the franchisor's interest rate policy and any applicable state or local laws that may limit the interest rate that can be charged.