MN Filing 35723-202603-07
Franchise research report · reviewed 2026 disclosure data
Researching MN Filing 35723-202603-07 franchise opportunities? Every figure below is cited to the FDD.
This offering covers select-service hotels under either the upscale Sonesta Select brand or the upper-midscale Sonesta Essential brand. Each franchise operates a hotel at a specified location using the designated brand’s lodging standards, reservation service, marketing programs and operating procedures.
Headline figures
MN Filing 35723-202603-07 quick facts
- Is MN Filing 35723-202603-07 a franchise?
- Yes. MN Filing 35723-202603-07 offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 69 franchised and 7 company-owned outlets (2026 FDD, Item 20, PDF p. 75).
- How much does it cost to open an MN Filing 35723-202603-07 franchise?
- The MN Filing 35723-202603-07 Franchise Disclosure Document reports separate estimated initial investments by format: $1,383,544 for conversion only (sonesta select conversion total estimated initial investment: $1,383,544–$8,988,200) (2026 FDD, Item 7, PDF p. 39); $15,655,319 for sonesta select new construction total estimated initial investment: $15,655,319–$24,476,950 (2026 FDD, Item 7, PDF p. 39); $702,628 for conversion only (sonesta essential conversion total estimated initial investment: $702,628–$6,395,804) (2026 FDD, Item 7, PDF p. 42); $10,426,078 for sonesta essential new construction total estimated initial investment: $10,426,078–$16,473,804 (2026 FDD, Item 7, PDF p. 42). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does MN Filing 35723-202603-07 charge?
- The disclosed ongoing royalty is 5% (2026 FDD, Item 6, PDF p. 26). Other recurring fees are listed in Item 6. Details
- Does MN Filing 35723-202603-07 disclose financial performance (Item 19)?
- No. The reviewed MN Filing 35723-202603-07 FDD states that it does not make a financial performance representation in Item 19. Details
- How many MN Filing 35723-202603-07 locations are there?
- The FDD reports 76 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 75). Existing locations do not indicate territory availability. Details
- Is MN Filing 35723-202603-07 a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; Item 20 lists outlet openings, closures and transfers; Item 6 lists every recurring fee beyond royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $1,383,544 (Sonesta Select conversion total estimated initial investment: $1,383,544–$8,988,200); $15,655,319 (Sonesta Select new construction total estimated initial investment: $15,655,319–$24,476,950); $702,628 (Sonesta Essential conversion total estimated initial investment: $702,628–$6,395,804); $10,426,078 (Sonesta Essential new construction total estimated initial investment: $10,426,078–$16,473,804); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets declined by 3 in 2025, to 76 (Sonesta Select Hotels, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
MN Filing 35723-202603-07 head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 4 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (4)
Each format has its own total. The total depends on the format you choose.
- Sonesta Essential conversion total estimated initial investment: $702,628–$6,395,804PDF p. 42$702,628
- Sonesta Select conversion total estimated initial investment: $1,383,544–$8,988,200PDF p. 39$1,383,544
- Sonesta Essential new construction total estimated initial investment: $10,426,078–$16,473,804PDF p. 42$10,426,078
- Sonesta Select new construction total estimated initial investment: $15,655,319–$24,476,950PDF p. 39$15,655,319
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty — percentage of Gross Rooms RevenueMain ongoing fee
78 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2026 FDD for MN Filing 35723-202603-07 has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
Sonesta Select Hotels, as labeled in the FDD · counts as of December 31, 2025 of each year.
2026 FDD · Item 20 · PDF p. 75
Net +15 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($702,628 – $15,655,319) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
MN Filing 35723-202603-07 reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units decreased from 79 to 76 in 2025. What drove the change?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Outlet counts — Item 20, Table 1 · PDF p. 75
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | franchise fees, year ended december 31, 2025 | $17,437 |
| 2025 | total fee revenue, year ended december 31, 2025 | $54,425 |
| 2025 | cash and cash equivalents, december 31, 2025 | $16,410 |
| 2025 | accounts receivable, net, december 31, 2025 | $15,070 |
| 2025 | total current assets, december 31, 2025 | $41,698 |
| 2025 | total assets, december 31, 2025 | $122,224 |
| 2025 | total current liabilities, december 31, 2025 | $8,470 |
| 2025 | total long-term liabilities, december 31, 2025 | $43,216 |
| 2025 | total liabilities, december 31, 2025 | $51,686 |
| 2025 | total revenues, year ended december 31, 2025 | $58,487 |
| 2025 | operating income | -$8,146 |
| 2025 | net income | -$7,693 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Knights InnMFMN Filing 35770-202604-09
Park Inn by Radisson
Signature InnS6Studio 6 Extended Stay Motel
SureStay Collection by Best WesternHead-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 21 · PDF p. 93 · 2026 FDD
Our summary: Total shareholders' equity, December 31, 2025
“Total shareholders’ equity 70,538 78,231”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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