How many Best Western outlets were transferred in New York during 2023?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| New York | 2022 | 1 |
| 2023 | 3 | |
| 2024 | 2 |
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 3 transfers of Best Western outlets in New York during 2023. This information is based on data collected by Best Western regarding transfers of ownership from existing members to new owners.
This figure is important for potential franchisees to consider as it provides insight into the stability and desirability of Best Western franchises in New York. A higher number of transfers could indicate a more active market for buying and selling franchises, while a lower number might suggest greater stability in ownership.
It's also worth noting the trend in transfers over the three years presented in the FDD. In New York, the number of transfers was 1 in 2022, increased to 3 in 2023, and then decreased to 2 in 2024. This kind of historical data can help a prospective franchisee understand the market dynamics and potential opportunities or challenges in the New York region. Reviewing these figures in combination with other performance metrics and market research would be a prudent step in evaluating a Best Western franchise investment.