How many Sonesta Simply Suites outlets were open in Ohio at the end of 2024?
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's 2025 Franchise Disclosure Document, there were 2 outlets open in Ohio at the end of 2024. The table provided in Item 20 details the status of both franchised and company-owned outlets. This information is crucial for potential franchisees to understand the brand's presence and stability in specific markets.
The data shows that the number of Sonesta Simply Suites outlets in Ohio remained constant from 2022 through 2024. There were no outlets opened, reacquired, closed, or sold in the state during this period. This could indicate a stable market presence or a lack of growth opportunities in Ohio.
For a prospective franchisee, this information highlights the importance of conducting thorough market research to assess the potential for growth and competition in Ohio. Understanding the existing market dynamics is essential for making informed investment decisions. It would be beneficial to further investigate why there has been no change in the number of outlets in Ohio and whether there are plans for future expansion in the state.