What was the net change in the number of company-owned Sonesta Simply Suites outlets during 2022?
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 |
| Company- | 2022 | 65 | 51 | -14 |
| Owned2 |
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, the net change in the number of company-owned outlets during 2022 was a decrease of 14. At the start of 2022, there were 65 company-owned Sonesta Simply Suites locations. By the end of 2022, this number had decreased to 51.
This decrease in company-owned locations could be due to several factors, such as closures, sales to franchisees, or a strategic shift in the company's business model. For a prospective franchisee, this information is relevant because it provides insight into the stability and growth strategy of Sonesta Simply Suites. A significant decrease in company-owned stores might prompt further investigation into the reasons behind this change.
It's also worth noting that while the number of company-owned locations decreased, the number of franchised locations increased by 11 during the same period. This suggests a possible strategic move by Sonesta Simply Suites to focus more on franchising as a means of expansion. A prospective franchisee should consider this trend and evaluate whether it aligns with their investment goals and risk tolerance.