How many franchised Sonesta Simply Suites outlets were operating at the start of 2023?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 0 | 11 | +11 |
| 2023 | 11 | 14 | +3 | |
| 2024 | 14 | 17 | +3 |
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 11 franchised outlets operating at the start of 2023. This indicates a relatively new franchise system with a small but growing number of franchised locations.
This information is crucial for potential franchisees as it provides insight into the growth trajectory of Sonesta Simply Suites. The increase from 0 locations at the start of 2022 to 11 by the start of 2023 demonstrates initial growth and acceptance of the franchise model. However, the subsequent increase to only 14 locations by the start of 2024 suggests a possible slowing in the rate of expansion.
A prospective franchisee should investigate the reasons behind the growth rate and assess whether the current pace aligns with their investment expectations. Understanding the factors that influence the number of new franchised outlets, such as market demand, franchisee profitability, and the franchisor's support system, is essential for making an informed decision about investing in a Sonesta Simply Suites franchise.