How many Sonesta Simply Suites outlets were located in Iowa at the end 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 was one outlet located in Iowa at the end of 2023. The FDD provides a table that details the number of outlets at the start and end of each year, as well as any openings, closures, or transfers that occurred during the year. This information is broken down by state, offering a clear view of the brand's footprint and changes in each location. The table includes data for 2022, 2023, and 2024, allowing prospective franchisees to see recent trends in outlet numbers.
Specifically for Iowa, the table shows that there was one outlet at the start of 2023. Throughout the year, there were no new outlets opened, no outlets reacquired from franchisees, no outlets closed, and no outlets sold to franchisees. As a result, the number of outlets at the end of 2023 remained at one. This indicates a stable presence for Sonesta Simply Suites in Iowa during that period.
This type of historical data is valuable for potential franchisees as it provides insights into the brand's growth and stability in specific markets. It can help them assess the potential for success in a particular state and understand the competitive landscape. Reviewing these figures in conjunction with other factors, such as market demographics and local economic conditions, can contribute to a more informed investment decision.