Were any Sonesta Simply Suites outlets reacquired from franchisees in Maryland during 2023?
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' 2025 Franchise Disclosure Document, there were no re acquisitions of franchise locations in Maryland during 2023. The table provided in Item 20 of the FDD details the status of franchised outlets from 2022 to 2024.
Specifically, for Maryland in 2023, the table indicates the following: there was 1 outlet at the start of the year, 0 outlets opened, 0 outlets reacquired from a franchisee, 0 outlets closed, 0 outlets sold to a franchisee, and 1 outlet at the end of the year. This data shows no reacquisition activity by Sonesta Simply Suites in Maryland during that year.
This information is relevant for prospective franchisees as it provides insight into the stability and changes within the Sonesta Simply Suites franchise system. The absence of re acquisitions in Maryland during 2023 could be interpreted positively, suggesting a stable relationship between the franchisor and franchisee in that state. However, it is essential to consider this data in conjunction with other factors, such as terminations and non-renewals, to gain a comprehensive understanding of the franchise network's dynamics.