What was the balance for Atwell Suites as of December 31, 2022?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| | - - | 478 (597) (639) (280) | | Net periodic benefit cost (gain) | $ 1,517 | $ 1,656 $ 1,536 | $ (4) $ (11) $ 125 |
Consolidated Statements of Net Income (In Thousands)
| Non-qualified Pension Plans | | | Postretirement Programs | | | |---|---|---|---|---|---| | Year Ended December 31 | | | Year Ended December 31 | | | | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | ¹ Revised to reclassify unrealized gains and losses on the Rabbi Trust to net income (see Note 1).
(In Thousands) Consolidated Statements of Comprehensive Income
| 2024 | 2023 | 2022 | |---|---|---| ¹ Revised to reclassify unrealized gains and losses on the Rabbi Trust to net income (see Note 1).
Six Continents Hotels, Inc.
(A Wholly Owned Subsidiary of InterContinental Hotels Group PLC)
Consolidated Statements of Changes in Parent's Investment (In Thousands)
| Balance at December 31, 2021 | $ 480,384 |
|---|---|
| Net income (Revised ¹) | 450,512 |
| Other comprehensive income (Revised ¹) |
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, the balance as of December 31, 2022, was $508,661. This figure is part of a table that outlines the changes in the balance over several years, providing context with additional financial details such as net income, other comprehensive income, share-based payment compensation, changes in balances with affiliates offset against the Parent's Investment, and capital contributions related to income tax provisions.
For a prospective Atwell Suites franchisee, understanding these figures is crucial for assessing the financial health and stability of the franchise system. The balance represents the cumulative financial position of the company at a specific point in time, while the additional details provide insights into the factors that influenced this balance. Reviewing these trends over multiple years can help potential franchisees evaluate the franchisor's financial performance and make informed decisions.
It's important to note that these figures are specific to the franchisor's operations and may not directly translate to the financial performance of an individual franchise unit. However, they offer valuable context for understanding the overall financial management and strategic decisions of Atwell Suites. Franchisees should also consider other factors, such as initial investment costs, ongoing fees, and potential revenue, when evaluating the financial viability of a franchise opportunity.