How many common shares of Sonesta Simply Suites were outstanding as of December 31, 2024?

According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, as of December 31, 2024, there were 25,464,899 common shares outstanding. These shares are associated with Red Lion Hotels Corporation (RLHC), the parent company of Sonesta Simply Suites. The par value of these shares is $0.01, contributing to a total common stock value of $255.

This information is part of the consolidated financial statements of RLHC, which includes all its subsidiaries. The financial statements also show that RLHC had additional paid-in capital of $87,652 and an accumulated deficit of $9,676, resulting in total shareholders' equity of $78,231 as of the same date. These figures provide a snapshot of the overall financial structure of the parent company, which ultimately supports the Sonesta Simply Suites franchise system.

For a prospective franchisee, understanding the parent company's financial structure is crucial. While the franchisee does not directly own these shares, the financial health of RLHC can impact the resources available to support the Sonesta Simply Suites brand. A stable and well-capitalized parent company is generally better positioned to invest in brand development, marketing, and franchisee support, all of which can contribute to the success of individual franchise locations.