What was the total number of Springhill Suites By Marriott outlets at the end of 2023?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
| Franchised | 2022 | 486 | 507 | 21 |
| 2023 | 507 | 522 | 15 | |
| 2024 | 522 | 541 | 19 | |
| Company-Owned, Managed, | 2022 | 26 | 25 | (1) |
| and Leased | 2023 | 25 | 25 | 0 |
| 2024 | 25 | 22 | (3) | |
| Total Outlets | 2022 | 512 | 532 | 20 |
| 2023 | 532 | 547 | 15 | |
| 2024 | 547 | 563 | 16 |
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, the total number of outlets at the end of 2023 was 547. This number is derived from the table summarizing the status of franchised and company-owned, managed, and leased outlets.
Specifically, the table shows that for the year 2023, Springhill Suites By Marriott had 532 total outlets at the start of the year and ended the year with 547 total outlets. This indicates a net increase of 15 outlets during that year.
For a prospective franchisee, this information provides insight into the growth and overall size of the Springhill Suites By Marriott system. A consistent increase in the number of outlets, as seen from 2022 to 2024, may suggest a healthy and expanding franchise system. However, it is important to also consider the number of terminations or closures, as well as the reasons behind them, to get a comprehensive understanding of the system's stability.