SP Movement, page-38

The freedom deal is 2000 rooms per quarter.

Anyway, as I stated, it is 44k rooms by 2020 if rooms grow by 10% per year, that is the minimum the board needs to get their bonus shares, that's what I was pointing out. Obviously if they grow rooms faster than 10%, they will reach that target quicker, I am just not impressed the board gave it a 30% chance of reaching the target - either they are underplaying their ability to reach it or the service is a really hard sell.

FWIW, reading over documents last night, the prospectus claimed over 35,000 rooms at the time of IPO, so it obviously went backwards at some point too or the way in which they count rooms changed.