What is the issuance date of the disclosure document for the Sonesta Select Sonesta Essential franchise?
Sonesta_Select_Sonesta_Essential Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: March 31, 2025 See Exhibit A for Sonesta RL Hotels Franchising Inc.'s registered agents authorized to receive service of process. I have received a disclosure document dated March 31, 2025, that included the following Exhibits: Exhibit A - State Administrators/Agents for Service of Process Exhibit B - Financial Statements Exhibit C - Guaranty of Performance Exhibit D - Franchise Agreement Exhibit E- Voice Reservation With Auto Attendant Service Agreement Exhibit F - Development Incentive Promissory Note Exhibit G - Exhibit H - Exhibit I - Exhibit J - Exhibit K-1 - Exhibit K – 2 - Exhibit L - Exhibit M - Representations and Acknowledgment Statement Sample General Release Table of Contents of Brand Manual Consent to Transfer List of Current Franchisees List of Former Franchisees State Addenda and Agreement Riders Receipts 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)
According to the 2025 Franchise Disclosure Document, the issuance date for the Sonesta Select Sonesta Essential franchise disclosure document is March 31, 2025. This date is important because it signifies when Sonesta Select Sonesta Essential finalized the document containing critical information for prospective franchisees. Franchise regulations typically require that the FDD be current and provided to potential franchisees within a specific timeframe before any binding agreements are signed or payments are made.
For a prospective Sonesta Select Sonesta Essential franchisee, this date confirms that the information within the FDD is up-to-date as of March 31, 2025. This includes details about the franchise system, fees, obligations, and financial performance. Franchisees should review all exhibits included with the disclosure document, such as financial statements, franchise agreements, and lists of current and former franchisees, to conduct thorough due diligence.
The FDD issuance date also has legal implications. Franchise laws mandate that franchisors provide the disclosure document to potential franchisees within a specific timeframe (e.g., 14 days) before signing any agreement or making a payment. The receipt included in the FDD requires the prospective franchisee to acknowledge the date they received the document, ensuring compliance with these regulations. If Sonesta Select Sonesta Essential fails to provide the FDD on time or if the document contains false or misleading information, it could constitute a violation of federal and state laws.
Therefore, the issuance date of March 31, 2025, is a critical reference point for prospective Sonesta Select Sonesta Essential franchisees. It ensures that they are reviewing the most current information available and that the franchisor is adhering to legal requirements regarding disclosure. Franchisees should carefully note this date and ensure they receive the FDD well in advance of any commitments to the franchise.