In what states were Sonesta Simply Suites outlets transferred from franchisees to new owners during 2024?

According to Sonesta Simply Suites' 2025 Franchise Disclosure Document, there were transfers of outlets from franchisees to new owners in Michigan and Tennessee during 2024.

The table provided in Item 20 of the FDD details the number of transfers that occurred in specific states. For 2024, the data shows one transfer each in Michigan and Tennessee. This information is valuable for potential franchisees as it provides insight into the stability and turnover of Sonesta Simply Suites franchises in different locations.

It is important to note that these transfers represent a change in ownership from one franchisee to another, not a reacquisition by the franchisor. Understanding the reasons behind these transfers, such as franchisee retirement, financial difficulties, or other personal reasons, could be a crucial part of a prospective franchisee's due diligence. Investigating the performance and history of the specific locations that were transferred could also provide valuable insights.

While the FDD provides data on the number of transfers, it does not offer specific details on the reasons for these transfers or the financial performance of the transferred outlets. A prospective franchisee should consider asking Sonesta Simply Suites for more information about these transfers to fully understand the context and potential implications.