What payment methods are acceptable for the Sonesta Simply Suites Initial Fee?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Marks by the Opening Date, you will pay to us, as damages for failure to open on time and not as a penalty, our then-current Opening Date rescheduling fee (currently up to $5,000).
3. FEES.
A. Initial Fee. You must pay us at the time of your execution of this Agreement a non-refundable initial fee in the amount of $50,000
Source: Item 22 — CONTRACTS (FDD pages 79–80)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the initial franchise fee is payable via cashier's check, bank certified check, wire transfer, ACH, or credit card. The initial fee is the greater of $50,000 or $400 per guest room. This fee is non-refundable and must be paid when the Franchise Agreement is executed.
It is typical in the franchise industry for franchisors to specify acceptable payment methods for initial fees. Providing multiple options like those listed by Sonesta Simply Suites gives franchisees flexibility in managing their finances when starting the business.
As a prospective franchisee, it's important to consider which payment method is most convenient and cost-effective for you. Credit card payments may offer rewards points or other benefits, but could also incur interest charges if not paid off promptly. Wire transfers and certified checks are generally secure methods, but may involve bank fees. ACH transfers are often a convenient and low-cost option for electronic payments.