What was the total number of Sonesta Simply Suites outlets in New Jersey at the end of 2024?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 2023 | 0 | | | 2024 | 1 | | Total Outlets | 2022 | 0 | | | 2023 | 2 | | | 2024 | 2 |
TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| I |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 74–79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, there were 2 outlets in New Jersey at the end of 2024. The table provided in Item 20 of the FDD details the changes in outlet numbers for each state over the course of 2022, 2023, and 2024. This information is crucial for potential franchisees to understand the brand's presence and stability in specific markets.
The table shows that New Jersey had 2 outlets at the start of 2024, and no additional outlets were opened, reacquired, or closed during the year. This indicates a stable presence for Sonesta Simply Suites in New Jersey during that period. For a prospective franchisee, this could suggest a market with limited growth but also potentially less competition from within the franchise system itself.
It's important to note that this data reflects only the number of outlets and does not provide insights into their performance or market share. A potential franchisee should further investigate the performance of existing Sonesta Simply Suites locations in New Jersey to assess the viability of opening a new franchise in that state. This could involve speaking with current franchisees, conducting market research, and analyzing financial data related to those locations.