How many Springhill Suites By Marriott outlets were opened in Virginia during 2022?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
--------------------|--------------------|---------------|-----------------|---------------------------------|--------------------------------------------|----------------------------------| | State | Year | Outlets at Start of the Year | Outlets Opened1 | Terminations2 | Non Renewals | Reacquired by Franchisor3 | Ceased Operations – Other Reasons | Outlets at End of the Year | | North Dakota | 2022 2023 | 1 1 | | | | | | 1 1 | | Ohio | 2024 2022 2023 | 1 13 13 | 0 2 | | | | | 1 13 15 | | Oklahoma | 2024 2022 2023 2024 | 15 10 10 10 | 0 | | | | | 15 10 10 10 | | Oregon | 2022 2023 2024 | 4 5 5 | 1 0 0 | | | | | 5 5 5 | | Pennsylvania | 2022 2023 2024 | 22 23 23 | 1 0 1 | | | | | 23 23 24 | | Rhode Island | 2022 2023 2024 | 1 1 1 | | | | | | 1 1 1 | | South Carolina | 2022 20
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 outlet opened in Virginia during 2022. At the start of 2022, there were 2 outlets. One outlet was opened, and one outlet was sold to a franchisee, resulting in 2 outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the brand's growth and changes in specific markets. The opening of a new outlet suggests expansion and potential market demand, while sales to franchisees indicate a shift in ownership structure.
It's important to note that this data reflects only one year and may not be indicative of long-term trends. Prospective franchisees should analyze multiple years of data and consider other factors, such as market conditions and competition, when evaluating the potential of a Springhill Suites By Marriott franchise in Virginia.