How many Springhill Suites By Marriott franchises were transferred in Canada during 2023?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| Wisconsin | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Canada | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| TOTALS | 2022 | 38 |
| 2023 | 24 | |
| 2024 | 29 |
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, there was one franchise transferred in Canada during 2023. This information is based on the table detailing the transfers of outlets from franchisees to new owners.
This data point is relevant for prospective franchisees as it provides insight into the resale market and the potential for transferring ownership. A low number of transfers could indicate stability within the franchise system, or it could suggest challenges in selling an existing franchise. Conversely, a high number might point to a liquid market with opportunities for buying existing businesses, but also potential instability.
It is important to note that this transfer number reflects only those transactions where ownership was transferred to a new franchisee. It does not include instances where the franchise was reacquired by Springhill Suites By Marriott, or ceased operations for other reasons. Reviewing transfer rates in conjunction with outlet openings, terminations, and non-renewals can provide a more comprehensive understanding of the franchise's health and franchisee turnover.
Prospective franchisees should further investigate the reasons behind franchise transfers in specific regions like Canada. Understanding the motivations of franchisees who sold their businesses can offer valuable insights into the challenges and opportunities within the Springhill Suites By Marriott system.