As of what date is each year defined for the Sonesta Simply Suites outlet summary tables?

According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, each year in the outlet summary tables under Item 20 is defined as of December 31. This is important for prospective franchisees as it provides a consistent reference point for understanding the data presented in the tables, such as the Systemwide Outlet Summary, the Status of Franchised Outlets, and the Status of Company-Owned Outlets.

This standardization ensures that the outlet counts, openings, closures, and transfers are all measured using the same annual period. This allows potential franchisees to accurately compare year-over-year performance and assess trends within the Sonesta Simply Suites system. Understanding that the data is a snapshot as of December 31 each year is crucial for proper interpretation.

For example, if a Sonesta Simply Suites location opened in January of 2024, it would be counted in the 'Outlets Opened' column for the 2024 year. Conversely, if a location closed in November of 2023, it would be reflected in the 'Outlets Closed' column for the 2023 year. This consistent cut-off date helps to avoid ambiguity and ensures that all franchisees and the franchisor are operating with the same understanding of the data.

Therefore, when reviewing the outlet data, a prospective Sonesta Simply Suites franchisee should keep in mind that the figures represent the status of the system at the close of business on December 31 of each year. This includes the number of outlets at the start and end of the year, as well as any changes that occurred during that period, such as openings, closures, and transfers.