What was the net loss for Sonesta Simply Suites in 2023 (Restated)?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| (dollars in thousands) | ||||
|---|---|---|---|---|
| 2024 | 2023 (Restated) | 2022 | ||
| Cash flows from operating activities: | ||||
| Net income (loss) | $ ( 2,913) | $ 1,477 | $ ( 3,186) |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the net loss for 2023 (Restated) was $(2,913) thousand. This indicates that Sonesta Simply Suites experienced a loss of $2,913,000 during that year.
This net loss is a key financial metric for prospective franchisees to consider. It provides insight into the overall profitability of Sonesta Simply Suites during the specified period. A significant net loss could raise concerns about the financial stability of the company and its ability to support its franchisees.
However, it's important to note that a single year's loss doesn't necessarily indicate long-term financial instability. The FDD also presents figures for 2022 and 2024, which should be analyzed in conjunction with the 2023 data to understand the overall trend. Additionally, prospective franchisees should investigate the reasons behind the loss, which could be due to various factors such as increased operating costs, investments in expansion, or other economic conditions. Consulting with a financial advisor to review the complete financial statements is advisable to gain a comprehensive understanding of Sonesta Simply Suites's financial health.