What was the total number of Springhill Suites By Marriott franchise transfers in 2024?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| Wisconsin | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Canada | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| TOTALS | 2022 | 38 |
| 2023 | 24 | |
| 2024 | 29 |
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 a total of 29 franchise transfers in 2024. This number reflects the total transfers of existing Springhill Suites By Marriott locations to new owners during that year.
To provide more detail, the FDD includes a table that breaks down the number of transfers by state. For example, in 2024, Wisconsin had 1 transfer, while states like Missouri and New Mexico had none. New York saw 2 transfers, North Carolina and New Jersey each had 1, and Ohio experienced 4 transfers. Texas, a larger market, had 6 transfers during the same period. These state-specific figures add up to the overall total of 29 transfers for the year.
For a prospective franchisee, this information is useful for understanding the stability and turnover within the Springhill Suites By Marriott system. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number might suggest a stable and well-supported franchise network. It's important to consider these figures in conjunction with other data in the FDD, such as terminations and non-renewals, to get a comprehensive picture of the franchise's health.