Question 1

How many Sonesta Select Hotels / Sonesta Essential Hotels franchise locations are there?

Accepted Answer

Sonesta Select Hotels / Sonesta Essential Hotels currently has 79 total units, including 37 franchised locations and 42 company-owned locations.

Question 2

Is the Sonesta Select Hotels / Sonesta Essential Hotels franchise system growing or shrinking?

Accepted Answer

Sonesta Select Hotels / Sonesta Essential Hotels has experienced positive net growth of +29.5% over the past year, with a 3-year compound annual growth rate (CAGR) of +7.8%.

Question 3

What is the franchise vs. company-owned ratio for Sonesta Select Hotels / Sonesta Essential Hotels?

Accepted Answer

Sonesta Select Hotels / Sonesta Essential Hotels has a franchise ratio of 47%, meaning 47% of all units are franchisee-owned. This indicates significant company ownership of units.

Question 4

How many Sonesta Select Hotels / Sonesta Essential Hotels franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Sonesta Select Hotels / Sonesta Essential Hotels had 21 units opened and 4 units closed.