How many Surestay Hotel By Best Western outlets in Virginia were not renewed in 2024?
Surestay_Hotel_By_Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Terminations | Col. 6 Non- Renewals | Col. 7 Reacquired By Master Franchisor | Col. 8 Ceased Operations - Other Reasons | Col. 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| 2024 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| Arizona | 2022 | 3 | 1 | 2 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 75–87)
What This Means (2025 FDD)
According to Surestay Hotel By Best Western's 2025 Franchise Disclosure Document, one outlet in Virginia was not renewed in 2024. The table provided in Item 20 outlines the status of franchised outlets from 2022 to 2024, showing the changes in the number of outlets due to openings, terminations, non-renewals, and other reasons. This information is crucial for potential franchisees to understand the stability and turnover of Surestay Hotel By Best Western franchises in specific states.
Specifically, for Virginia in 2024, the table indicates that there were 4 outlets at the start of the year. Throughout the year, there were no new openings, terminations, or outlets reacquired by the master franchisor. However, there was one non-renewal, and no outlets ceased operations for other reasons. This resulted in 3 outlets at the end of 2024.
This data point is important for prospective franchisees as it provides insight into the renewal rates of Surestay Hotel By Best Western franchises in Virginia. A non-renewal could indicate various factors, such as the franchisee's decision not to continue, performance issues, or strategic decisions by the franchisor. Understanding the reasons behind non-renewals can help a potential franchisee assess the risks and opportunities associated with investing in a Surestay Hotel By Best Western franchise in Virginia. It would be prudent for a potential franchisee to inquire with the franchisor about the reasons for non-renewals in specific locations to gain a deeper understanding.