In 2024, how many Springhill Suites By Marriott outlets in Illinois were sold to a franchisee?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 |
|---|---|---|---|---|---|---|---|
| State | Year | Outlets at Start of the Year | Outlets Opened | Outlets Reacquired from Franchisee1 | Outlets Closed | Outlets Sold to Franchisee2 | Outlets at End of the Year |
| California | 2022 2023 2024 | 3 3 3 | 3 3 3 | ||||
| Connecticut | 2022 2023 2024 | 1 1 1 | 1 1 1 | ||||
| Florida | 2022 2023 2024 | 4 4 4 | 4 4 4 | ||||
| Georgia | 2022 2023 2024 | 2 2 2 | 2 2 2 | ||||
| Illinois | 2022 2023 2024 | 1 1 1 | 0 0 1 | 1 1 0 | |||
| Louisiana | 2022 2023 2024 | 1 1 1 | 0 0 1 | 1 1 0 | |||
| Maryland | 2022 2023 2024 | 1 1 1 | 1 1 1 | ||||
| Missouri | 2022 2023 2024 | 2 2 2 | 0 0 1 | 2 2 1 | |||
| New York | 2022 2023 2024 | 2 1 1 | 1 0 0 | 1 1 1 | |||
| North Carolina | 2022 2023 2024 | 2 2 2 | 2 2 2 | ||||
| Pennsylvania | 2022 2023 2024 | 2 2 2 | 2 2 2 | ||||
| Tennessee | 2022 2023 2024 | 1 1 1 | 1 1 1 | ||||
| Texas | 2022 2023 2024 | 2 2 2 | 2 2 2 | ||||
| Virginia | 2022 | 2 | 1 | 1 | 2 | ||
| 2023 | 2 | 0 | 0 | 2 | |||
| 2024 | 2 | 0 | 0 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 124–137)
What This Means (2025 FDD)
According to Springhill Suites By Marriott's 2025 Franchise Disclosure Document, one outlet in Illinois was sold to a franchisee in 2024. The table provided in Item 20 details the status of company-owned, managed, and leased outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, outlets reacquired from a franchisee, outlets closed, outlets sold to a franchisee, and outlets at the end of the year. This information helps potential franchisees understand the changes in the number of company-owned locations over the past three years.
For a prospective Springhill Suites By Marriott franchisee, this data indicates the brand's strategy regarding company-owned locations. The sale of an outlet to a franchisee could represent an opportunity for growth within the system. It is important to note that the table tracks specific changes, such as sales to franchisees, which can provide insights into the brand's franchising activities in different states.
It is also important to consider the notes accompanying the table, which define what constitutes an outlet being 'reacquired' from a franchisee. Understanding these definitions ensures that franchisees interpret the data accurately. Reviewing the complete Item 20 and comparing the data across multiple states and years will give potential franchisees a more comprehensive view of Springhill Suites By Marriott's franchise activities and overall network trends.