How many Best Western outlets were transferred in Illinois during 2023?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Illinois | 2022 | 6 |
| 2023 | 6 | |
| 2024 | 3 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 93–107)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, there were 6 transfers of Best Western outlets in Illinois during 2023. This information is based on the table detailing transfers of outlets from members to new owners. The table provides a state-by-state breakdown of the number of transfers that occurred over the past three years.
For a prospective franchisee, this data indicates the level of activity in the resale market within Illinois. A higher number of transfers could suggest a more liquid market for existing Best Western locations, potentially making it easier to exit the business if desired. However, it could also signal potential challenges or turnover within the Illinois market that a prospective franchisee should investigate.
It is important to note that this table specifically tracks transfers from existing Best Western members to new owners, excluding any re acquisitions by the licensor. A prospective franchisee should also consider this data in conjunction with other factors, such as the number of terminations, non-renewals, and overall changes in the number of Best Western outlets in Illinois, to gain a comprehensive understanding of the market dynamics.