What is the range of fees for Revenue Management For Hire for a Sonesta Simply Suites franchise?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 10 – Our centralized "revenue management for hire" ("RMFH") program provides you with the services of a dedicated revenue management leader. This includes a revenue management specialist providing direct oversight over all aspects of subscribing hotels' price positioning, inventory management and distribution strategies and management of the RMS. You will be required to participate in our RMFH program for one year following the Opening Date of your Hotel. After the first year, we require the use of our RMFH program if you do not have a Hotel Revenue Manager (defined in Item 11).
Source: Item 6 — OTHER FEES (FDD pages 25–36)
What This Means (2025 FDD)
According to the 2025 Sonesta Simply Suites Franchise Disclosure Document, participation in the Revenue Management For Hire (RMFH) program is required for the first year after the hotel's opening date. This program provides franchisees with a dedicated revenue management leader who oversees price positioning, inventory management, distribution strategies, and management of the Revenue Management System (RMS). After the initial year, Sonesta Simply Suites requires participation in the RMFH program if the franchisee does not employ a Hotel Revenue Manager.
The FDD excerpt does not specify the exact fees associated with the Revenue Management For Hire (RMFH) program. However, it does state that the program provides a dedicated revenue management leader who oversees various aspects of the hotel's revenue strategy.
Prospective Sonesta Simply Suites franchisees should inquire directly with the franchisor about the specific costs associated with the RMFH program, including any potential variations in fees based on hotel size, location, or other factors. Understanding these costs is crucial for accurately forecasting expenses and assessing the overall profitability of the franchise.