What was the total number of Sonesta Simply Suites outlet transfers in 2023?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Kansas | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Michigan | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| New Jersey | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Tennessee | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Total Outlets | 2022 | 0 |
| 2023 | 2 | |
| 2024 | 2 |
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 a total of 2 outlet transfers in 2023. The data is presented in a table that tracks the number of transfers over three years, broken down by state. Specifically, in 2023, Kansas and New Jersey each had one transfer, summing up to the total of two transfers for the entire Sonesta Simply Suites system.
This information is relevant for prospective franchisees as it provides insight into the stability and turnover of existing franchise locations. A higher number of transfers could indicate potential issues with franchisee profitability or satisfaction, while a lower number might suggest a more stable and successful franchise system. Understanding the reasons behind these transfers, whether they are due to retirement, financial difficulties, or other factors, is crucial for making an informed investment decision.
It's important to note that this data only reflects transfers to new owners and does not include instances where the franchisor reacquired the outlet. Reviewing transfer trends over multiple years, as presented in the table, offers a more comprehensive understanding of the franchise network's dynamics. Additionally, prospective franchisees should inquire about the reasons for any transfers to assess the overall health and attractiveness of the Sonesta Simply Suites franchise opportunity.