Am I advised to have professionals review the Sonesta Simply Suites franchise documents?

Question

Accepted Answer

tes-branded hotel is a significant long-term commitment, complete with its associated risks, and (b) is not relying on any statements, representations, promises or assurances that are not specifically set forth in Franchisor's Franchise Disclosure Document and Exhibits (collectively, the "FDD") in deciding to purchase the franchise.

In that regard, I represent to Franchisor and acknowledge that:

| I understand that buying a franchise is not a guarantee of success. Purchasing or establishing any business is risky, and the success or failure of the franchise is subject to many variables such as my skills and abilities (and those of my partners, officers, employees), the time my associates and I devote to the business, competition, interest rates, the economy, inflation, operation costs, location, lease terms, the market place generally and other economic and business factors. I am aware of and am willing to undertake these business risks. I understand that the success or failure of my business will depend primarily upon my efforts and not those of Franchisor.                                                   | INITIAL: |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| I received a copy of the FDD, including the Franchise Agreement, at least 14 calendar | INITIAL: |
| days before I executed the Franchise Agreement. I understand that all of my rights and |  |
| responsibilities and those of Franchisor in connection with the franchise are set forth in |  |
| these documents and only in these documents. |  |
| I acknowledge that I have had the |  |
| opportunity to personally and carefully review these documents and have, in fact, done so. |  |
| I have been advised to have professionals (such as lawyers and accountants) |  |
| review the |  |
| documents for me and to have them help me understand these documents.

Source: Item 23 — RECEIPTS (FDD pages 80–246)

Am I advised to have professionals review the Sonesta Simply Suites franchise documents?

Answer from 2025 FDD Document

What This Means (2025 FDD)

I understand that buying a franchise is not a guarantee of success. Purchasing or establishing any business is risky, and the success or failure of the franchise is subject to many variables such as my skills and abilities (and those of my partners, officers, employees), the time my associates and I devote to the business, competition, interest rates, the economy, inflation, operation costs, location, lease terms, the market place generally and other economic and business factors. I am aware of and am willing to undertake these business risks. I understand that the success or failure of my business will depend primarily upon my efforts and not those of Franchisor.	INITIAL:
I received a copy of the FDD, including the Franchise Agreement, at least 14 calendar	INITIAL:
days before I executed the Franchise Agreement. I understand that all of my rights and
responsibilities and those of Franchisor in connection with the franchise are set forth in
these documents and only in these documents.
I acknowledge that I have had the
opportunity to personally and carefully review these documents and have, in fact, done so.
I have been advised to have professionals (such as lawyers and accountants)
review the
documents for me and to have them help me understand these documents.