What is a Sonesta Simply Suites franchisee advised to obtain in connection with the purchase or lease of the premises?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
You acknowledge and agree that any of our involvement in the approval of location is for our sole benefit. You further acknowledge that you have been advised to obtain the advice of your own professional advisors in connection with your purchase of the Premises or the Lease, as applicable.
Source: Item 22 — CONTRACTS (FDD pages 79–80)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, franchisees are advised to seek advice from their own professional advisors regarding the purchase of the premises or the lease, as applicable. This recommendation appears in the context of the franchisee's acknowledgement that Sonesta Simply Suites's involvement in location approval is solely for their own benefit.
This advice highlights the importance of independent due diligence for prospective franchisees. While Sonesta Simply Suites may offer guidance on location, the ultimate responsibility for assessing the suitability and financial viability of the site rests with the franchisee. Engaging professional advisors such as real estate attorneys, financial consultants, and market analysts can provide valuable insights and help franchisees make informed decisions.
By explicitly advising franchisees to seek independent advice, Sonesta Simply Suites aims to ensure that franchisees are fully aware of the risks and opportunities associated with their chosen location. This approach is consistent with industry best practices, where franchisors typically encourage franchisees to conduct thorough research and seek expert counsel before making significant investments.