For Sonesta Select Sonesta Essential, what details about the franchisee's owners, including the Principal, must be disclosed?
Sonesta_Select_Sonesta_Essential Franchise · 2025 FDDAnswer from 2025 FDD Document
Prospective Franchisee: If an individual: If a business entity: Name of Business Entity Print Name: Signature: Title: Print Name: Dated: (Do not leave blank) Dated: (Do not leave blank) Property located at (street address) (city) (state) (zip code)
Source: Item 22 — CONTRACTS (FDD page 84)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Sonesta Select Sonesta Essential requires prospective franchisees to provide certain information as part of their application. Specifically, the franchise agreement includes a receipt that needs to be signed by the prospective franchisee, both if the franchisee is an individual or a business entity.
For individual franchisees, the receipt requires the franchisee to print their name, provide their signature, and date the receipt. For franchisees that are business entities, the receipt requires the name of the business entity, the printed name of the person signing on behalf of the entity, their title, and the date. In both cases, the franchisee must also provide the street address, city, state, and zip code of the property location.
This information is used by Sonesta Select Sonesta Essential to verify that the prospective franchisee has received and reviewed the Franchise Disclosure Document, which is a critical step in the franchise sales process. This receipt confirms that the franchisee is aware of the terms and conditions of the franchise agreement and other important information. By signing the receipt, the franchisee acknowledges that they have had the opportunity to review the document and seek professional advice before making a final decision.