table_specific

How many Sonesta Simply Suites outlets were transferred in Kansas during 2023?

Sonesta_Simply_Suites Franchise · 2025 FDD

Answer from 2025 FDD Document

State Year Number of Transfers
Kansas 2022 0
2023 1
2024 0

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 was one transfer of an outlet in Kansas during 2023. This information is based on the table summarizing outlet transfers from franchisees to new owners.

This data point is relevant for prospective franchisees as it provides insight into the resale activity within the Sonesta Simply Suites system. A transfer indicates that an existing franchisee has sold their business to a new owner, which can occur for various reasons such as retirement, relocation, or business performance.

It's important to note that this transfer number reflects only those sales to new owners and does not include instances where the franchisor reacquired the outlet. Reviewing transfer rates over multiple years can help potential franchisees assess the stability and desirability of Sonesta Simply Suites franchises in specific markets. High transfer rates could signal potential challenges or opportunities within the system, warranting further investigation.

While one transfer in Kansas during 2023 may seem insignificant on its own, it should be considered alongside other performance metrics and compared to transfer rates in other states to gain a comprehensive understanding of the franchise network's health. Prospective franchisees should also inquire about the reasons behind any transfers to better evaluate the risks and opportunities associated with investing in a Sonesta Simply Suites franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.