How many Springhill Suites By Marriott franchises were transferred in Texas during 2023?
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 |
| 2023 | 4 | |
| 2024 | 6 |
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 4 franchise transfers in Texas during 2023. This information is detailed in Table No. 2, which outlines the transfers of outlets from franchisees to new owners.
For a potential franchisee, this data indicates the level of activity in the Springhill Suites By Marriott system regarding ownership changes. A higher number of transfers could suggest a more dynamic market, but it could also signal potential challenges or opportunities within the existing franchise network. Understanding the reasons behind these transfers—whether due to franchisee retirement, financial difficulties, or strategic realignments—is crucial for making an informed investment decision.
It is important to note that the FDD provides data on transfers, but it does not delve into the specific reasons for each transfer. A prospective franchisee should consider speaking with current and former Springhill Suites By Marriott franchisees to gain a deeper understanding of the factors driving these ownership changes and to assess the overall health and stability of the franchise system in specific regions like Texas.