What is a prospective Sonesta Simply Suites franchisee advised to do with the FDD and related documents?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
| I understand that buying a franchise is not a guarantee of success. Purchasing or establishing any business is risky, and the success or failure of the franchise is subject to many variables such as my skills and abilities (and those of my partners, officers, employees), the time my associates and I devote to the business, competition, interest rates, the economy, inflation, operation costs, location, lease terms, the market place generally and other economic and business factors. I am aware of and am willing to undertake these business risks. I understand that the success or failure of my business will depend primarily upon my efforts and not those of Franchisor. | INITIAL: |
|---|---|
| I received a copy of the FDD, including the Franchise Agreement, at least 14 calendar | INITIAL: |
| days before I executed the Franchise Agreement. I understand that all of my rights and | |
| responsibilities and those of Franchisor in connection with the franchise are set forth in | |
| these documents and only in these documents. I acknowledge that I have had the | |
| opportunity to personally and carefully review these documents and have, in fact, done so. | |
| I have been advised to have professionals (such as lawyers and accountants) review the | |
| documents for me and to have them help me understand these documents. I have also | |
| been advised to consult with other franchisees regarding the risks associated with the | |
| purchase of the franchise. | |
| Neither the Franchisor nor any of its officers, employees or agents (including any franchise | INITIAL: |
| broker) has made a statement, promise or assurance to me concerning any matter related | |
| to the franchise (including those regarding advertising, marketing, training, support service | |
| or assistance provided by Franchisor) that is contrary to, or different from, the information | |
| contained in the FDD. |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to the 2025 Sonesta Simply Suites FDD, a prospective franchisee is advised to carefully read the disclosure document and all agreements. The FDD summarizes certain provisions of the franchise agreement and other information in plain language.
Sonesta Simply Suites emphasizes the importance of understanding that buying a franchise is not a guarantee of success and involves business risks. The success or failure of the franchise depends primarily on the franchisee's efforts. The FDD also advises consulting with professionals, such as lawyers and accountants, to review the documents and to seek advice from other franchisees regarding the risks associated with purchasing the franchise.
Furthermore, the FDD states that all rights and responsibilities of both the franchisee and Sonesta Simply Suites are set forth only in these documents. Franchisees must acknowledge that they have had the opportunity to personally and carefully review these documents. The document also stipulates that no officer, employee, or agent of Sonesta Simply Suites has made any statement, promise, or assurance concerning any matter related to the franchise that is contrary to or different from the information contained in the FDD.