What was the total number of Sonesta Simply Suites outlets transferred in 2024?
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's 2025 Franchise Disclosure Document, there were a total of 2 outlet transfers in 2024. The transfers occurred in Michigan and Tennessee, with one transfer in each of those states.
These figures represent transfers from existing franchisees to new owners, excluding transfers to the franchisor itself. This information is valuable for potential franchisees as it provides insight into the resale activity within the Sonesta Simply Suites system. A higher number of transfers could indicate a more active market for resales, while a lower number might suggest greater stability in franchise ownership.
It's important to note that the data provided only covers transfers to new owners and does not include other changes in outlet status, such as closures or terminations. Reviewing this transfer data in conjunction with other outlet statistics, such as openings and closures, can provide a more comprehensive understanding of the overall health and dynamics of the Sonesta Simply Suites franchise system.