SONESTA INTERNATIONAL HOTELS Corp. executed approximately 15 franchise agreements, adding more than 1,900 keys in the first quarter of 2024. These new
franchise hotels span Sonesta’s brands, including The James, Sonesta ES Suites, Sonesta Essential, Americas Best Value Inn, Red Lion Hotels, Red Lion Inn &
Suites, and Sonesta Hotels & Resorts, Sonesta said in a statement.

“The 15 signed franchise agreements during the first quarter underscore Sonesta’s momentum as we welcome new owners into our growing portfolio and expand our
market presence,” said Keith Pierce, Sonesta’s executive vice president and the president of franchise and development. “With a fast, friendly, and flexible
approach and a seamless conversion process for our franchisees, we expect continued growth throughout 2024.”

These agreements highlight Sonesta’s appeal as a conversion option compared to larger competitors, the statement added. The company said hotel owners are
attracted to the company’s focus on maximizing ROI through property rebranding. It offers owners various options across upper upscale, lifestyle, upscale,
midscale, extended-stay and premium economy segments.