For Atwell Suites, which entity's financial statements are included in the FDD?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company does not own or consolidate any other entity and is a wholly owned subsidiary of Six Continents Hotels, Inc. The Company's ultimate parent and controlling party is InterContinental Hotels Group PLC ("IHG" or the "Parent"). The financial statements are not necessarily indicative of the financial position, results of operations, and cash flows that might have occurred had the Company been a stand-alone entity not integrated into IHG's other operations.
The Company's financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. All assets, liabilities, revenues and expenses in the accompanying financial statements have been derived from the separate records maintained by the Company with the exception of the allocation of certain expenses incurred by affiliated companies and the allocation of certain expenses from the Parent. Such allocations are not intended to represent the costs that would be or would have been incurred if the Company were a standalone operation.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to the 2025 Atwell Suites FDD, the financial statements provided are those of Holiday Hospitality Franchising, LLC. The FDD indicates that Holiday Hospitality Franchising, LLC does not own or consolidate any other entity and is a wholly owned subsidiary of Six Continents Hotels, Inc. The ultimate parent and controlling party is InterContinental Hotels Group PLC (IHG).
Because Holiday Hospitality Franchising, LLC is not a stand-alone entity, the financial statements may not be indicative of what the company's financial position, results of operations, and cash flows would be if it were not integrated into IHG's other operations.
The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. All assets, liabilities, revenues and expenses in the accompanying financial statements have been derived from the separate records maintained by the Company with the exception of the allocation of certain expenses incurred by affiliated companies and the allocation of certain expenses from the Parent. Such allocations are not intended to represent the costs that would be or would have been incurred if the Company were a standalone operation.