How many Sonesta Simply Suites franchised outlets opened in Minnesota during 2024?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 2023 | 0 | | | 2024 | 1 | | Total Outlets | 2022 | 0 | | | 2023 | 2 | | | 2024 | 2 |
TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 74–79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, one franchised outlet opened in Minnesota during 2024. The table provided in Item 20 of the FDD details the status of franchised outlets from 2022 to 2024. In 2024, Minnesota had zero outlets at the start of the year and opened one new outlet, resulting in one outlet at the end of the year.
This information is valuable for potential franchisees as it provides insight into the brand's growth and presence in specific states. The data allows prospective franchisees to assess the level of market saturation and the potential for new Sonesta Simply Suites locations in Minnesota. It also demonstrates the brand's expansion strategy and success in different geographic areas.
It is important to note that while one outlet opened in Minnesota during 2024, none opened in 2022 or 2023. This could indicate a recent focus on the Minnesota market or a specific opportunity that arose in 2024. A prospective franchisee should further investigate the reasons behind this opening and the performance of the new location to gain a better understanding of the market dynamics in Minnesota.