What was the total number of Sonesta Select Sonesta Essential outlets transferred in 2023?
Sonesta_Select_Sonesta_Essential Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Texas | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Total Outlets | 2022 | 0 |
| 2023 | 4 | |
| 2024 | 1 |
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 75–84)
What This Means (2025 FDD)
According to Sonesta Select Sonesta Essential's 2025 Franchise Disclosure Document, the total number of outlets transferred in 2023 was 4. The data is presented in a table format, showing the number of transfers by state. Specifically, there was one transfer in Texas during 2023. The table also includes a row for 'Total Outlets,' which indicates the cumulative number of transfers across all states.
For a prospective franchisee, this information is relevant in understanding the stability and turnover within the Sonesta Select Sonesta Essential franchise system. A higher number of transfers could indicate franchisees are choosing to sell their locations, which may be due to various factors such as profitability, management challenges, or personal reasons. Conversely, a low number of transfers might suggest a stable and successful franchise network.
It's important to note that this data only reflects transfers from franchisees to new owners, excluding any transfers back to the franchisor. A potential franchisee should investigate the reasons behind any transfers to fully assess the health and attractiveness of the franchise system. Further due diligence, such as speaking with current and former franchisees, is advisable to gain a comprehensive understanding.