What was the accrued taxes payable for Baymont Inn Suites in the first year presented in the table?

According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the accrued taxes payable for the year ended December 31, was $66. The table provides a breakdown of various accrued liabilities, offering a snapshot of the company's short-term financial obligations.

Accrued taxes payable represents the amount of taxes that Baymont Inn Suites owes but has not yet paid as of the balance sheet date. This liability arises because taxes are typically calculated and recognized as an expense in the period the related revenue or activity occurs, even if the actual payment is made later. For a prospective franchisee, understanding the accrued liabilities of the franchisor can provide insights into the company's financial management and potential tax obligations.

The table also lists other accrued liabilities such as loyalty program liabilities, payroll expenses, self-insurance, professional expenses, and interest, among others. These figures can be useful for potential franchisees to assess the financial health and stability of Baymont Inn Suites. Reviewing these liabilities in detail can help in understanding the company's expense management and potential future cash outflows.