How many Sonesta Simply Suites franchised outlets were operating in Illinois at the start of 2023?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
11 | | | 2023 | 11 | 4 | 0 | 0 | 0 | 1 | 14 | | | 2024 | 14 | 5 | 2 | 0 | 0 | 0 | 17 |
TABLE NO. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | 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' 2025 Franchise Disclosure Document, there were four franchised outlets operating in Illinois at the start of 2023. This information is based on the provided table that details the status of franchised outlets for the years 2022 to 2024. The table specifically lists the number of outlets at the start of each year for each state.
For a prospective franchisee, this indicates the existing market presence of Sonesta Simply Suites in Illinois at that time. It shows that the brand had already established a small footprint in the state before 2023, which could be a positive sign in terms of brand recognition and market acceptance. However, it's important to note that this number can fluctuate due to various factors such as new openings, closures, or transfers of ownership.
It is also important to consider the overall growth and changes in outlet numbers over the years to understand the brand's performance and stability in the region. While the number of outlets remained constant from 2023 to 2024, further investigation into factors like revenue, occupancy rates, and local market conditions would provide a more comprehensive understanding of the franchise's potential in Illinois.