What was the loss (gain) on sale of hotel for Americas Best Value Inn in 2024?
Americas_Best_Value_Inn Franchise · 2025 FDDAnswer from 2025 FDD Document
| (dollars in thousands) | |||||
|---|---|---|---|---|---|
| 2024 | 2023 (Restated) | 2022 | |||
| Cash flows from operating activities: | |||||
| Net income (loss) | $ ( 2,913) | $ 1,477 | $ ( 3,186) | ||
| Adjustments to reconcile net loss to cash provided by (used in) operating activities: | |||||
| Depreciation and amortization | 489 | 1,691 | 3,506 | ||
| Amortization of key money and contract costs | 1,514 | 396 | 7 | ||
| Amortization of contract liabilities | 192 | 1,497 | 713 | ||
| Deferred income taxes | - | 1 | 1 | ||
| Provision (Recovery) of doubtful accounts | 1,112 | ( 1,819) | 654 | ||
| Other income (expense), net | - | - | 846 | ||
| Loss (gain) on sale of hotel | 153 | ( 160) | - | ||
| Change in current assets and liabilities |
Source: Item 23 — RECEIPTS (FDD pages 71–223)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Americas Best Value Inn had a loss (gain) on the sale of a hotel in 2024. The document shows a gain of $(160) thousand for the sale of a hotel.
This figure is part of the cash flow statement, which summarizes the movement of cash both into and out of the company. In this case, the $(160) thousand gain is listed as part of the cash flows from operating activities.
Prospective franchisees should note that this gain or loss on the sale of a hotel reflects a specific transaction that may not be typical for the company's ongoing operations. It is important to review the entire financial statement and consider other factors when assessing the financial health and stability of Americas Best Value Inn.