How many Springhill Suites By Marriott outlets were sold to franchisees in 2024?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
0 1 0 | | | | | 6 7 7 | | Wyoming | 2022 2023 2024 | 2 2 2 | | | | | | 2 2 2 |
| Column 1 | Column | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column |
|---|---|---|---|---|---|---|---|---|
| 2 | 9 | |||||||
| State | Outlets at | Outlets | Terminations2 | Non | Reacquired | Ceased | ||
| Year | Start of the Year | Opened1 | Renewals | by Franchisor3 | Operations – Other Reasons | Outlets at End of the Year | ||
| Canada | 2022 2023 2024 | 2 2 2 | 2 2 2 | |||||
| TOTALS | 2022 | 486 | 22 | 1 | 0 | 507 | ||
| 2023 | 507 | 16 | 0 | 1 | 522 | |||
| 2024 | 522 | 20 | 1 | 0 | 541 |
NOTES:
- 1 This category includes (i) new outlets, (ii) outlets that converted from managed to franchised, or (iii) outlets that converted to the SpringHill Suites brand from another Company Brand.
- 2 This category includes outlets that (i) terminated before the expiration of the term, or (ii) converted to another Company Brand.
- 3 This category consists primarily of outlets that converted from franchised to managed.
- 4 One outlet is in the process of converting to an SpringHill Suites hotel.
* If multiple events occurred affecting an outlet, this table shows the event that occurred last in time.
** States with no outlets at any time during the last three fiscal years have been intentionally omitted.
*** Boxes that have no numbers indicate no activity for the last three fiscal years.
Table No.
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 sales of existing franchised outlets to new franchisees in several states during 2024. Specifically, in Illinois, 1 outlet was sold to a new franchisee, in Louisiana, 1 outlet was sold to a new franchisee, in Missouri, 1 outlet was sold to a new franchisee, and in Canada, 3 outlets were sold to new franchisees.
For a prospective franchisee, this information is relevant for a few reasons. First, it indicates that existing Springhill Suites By Marriott franchises are considered valuable enough to be transferred to new owners. Second, it provides insight into the geographic areas where these transfers are occurring, which could be useful for targeting potential acquisition opportunities. Finally, it highlights the potential for both buying and selling existing franchise locations within the Springhill Suites By Marriott system.
It's important to note that the table only reflects transfers to new owners other than the franchisor. This means that any sales of outlets back to Springhill Suites By Marriott itself are not included in these figures. Additionally, the data represents only fully executed transfers, so any pending or incomplete transactions would not be reflected in the numbers. A prospective franchisee should consider these factors when evaluating the overall market for Springhill Suites By Marriott franchises.