What was the net change in the number of franchised Sonesta Simply Suites outlets during 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 | |
| Company- | 2022 | 65 | 51 | -14 |
| Owned2 | ||||
| 2023 | 51 | 51 | 0 | |
| 2024 | 51 | 48 | -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, the net change in the number of franchised outlets during 2023 was an increase of 3. This means that Sonesta Simply Suites added three more franchised locations than it closed or lost during that year. At the start of 2023, there were 11 franchised locations, and by the end of the year, that number had grown to 14.
For a prospective franchisee, this indicates a moderate growth in the number of franchised Sonesta Simply Suites locations. While not explosive growth, a net increase suggests that the franchise system is expanding and attracting new franchisees. This could be a positive sign for the brand's health and appeal.
It's important to note that this net change doesn't reveal the entire picture. It doesn't show how many new franchises were opened versus how many may have closed or terminated their agreements. A deeper dive into the reasons behind any closures or terminations would provide a more comprehensive understanding of the franchise system's stability. A prospective franchisee should also consider the growth in the context of the overall number of company-owned stores, which remained stable during 2023.