How many Springhill Suites By Marriott franchises were transferred in Texas during 2022?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| Texas | 2022 | 102 |
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 were 102 franchise transfers in Texas during 2022. This number reflects instances where existing Springhill Suites By Marriott franchises were sold to new owners, excluding transfers back to the franchisor.
For a prospective franchisee, a high number of transfers could indicate a dynamic market with opportunities to acquire existing businesses. However, it may also signal potential challenges within the existing franchise network, such as franchisee dissatisfaction or financial difficulties leading to sales. Therefore, it's crucial to investigate the reasons behind these transfers to assess the health and stability of Springhill Suites By Marriott franchises in Texas.
It is important to note that one of the Springhill Suites By Marriott hotels in Texas had two transfers in fiscal year 2022. On August 11, 2022, the hotel was sold to a new franchisee, and on December 6, 2022, the hotel was sold to a new franchisee. This detail highlights the importance of understanding the specific circumstances surrounding each transfer when evaluating the overall stability and performance of Springhill Suites By Marriott franchises in a given area.