How much cash did Baymont Inn Suites pay related to interest expenses in 2023?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
ent, net for more details.
Deferred Debt Issuance Costs
The Company classifies deferred debt issuance costs related to its revolving credit facility within other non-current assets on the Consolidated Balance Sheets. Such deferred debt issuance costs were $2 million and $3 million as of December 31, 2024 and 2023, respectively.
Source: Item 23 — RECEIPTS (FDD pages 97–443)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the company incurred interest expenses of $108 million in 2023. The cash paid related to these interest expenses was $103 million for the same year. This indicates the actual cash outflow for interest payments.
For a prospective franchisee, this information provides insight into the financial obligations and cash management of Baymont Inn Suites. Understanding the interest expenses and cash payments can help franchisees assess the financial health and stability of the company. It also highlights the importance of efficient financial planning and management to meet these obligations.
It's important to note that these figures reflect the company's overall interest expenses and cash payments, which may be influenced by factors such as debt levels, interest rates, and financing arrangements. While this information is valuable, franchisees should also consider other financial metrics and factors when evaluating the franchise opportunity.