How many Springhill Suites By Marriott outlets were sold to a franchisee in Illinois during 2024?
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
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 sold to a franchisee in Illinois during 2024.
This information is based on the table that details the status of company-owned, managed, and leased outlets for the years 2022 to 2024. The table provides a breakdown of outlet activity by state, including the number of outlets sold to franchisees each year.
For a prospective franchisee, this indicates the level of transfer activity within the Springhill Suites By Marriott system. Reviewing transfer activity can provide insights into the stability and desirability of existing locations. A high number of transfers might suggest potential challenges or opportunities in specific markets.