What was the total outstanding long-term debt for Baymont Inn Suites as of December 31, 2024?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company had $88 million and $160 million of outstanding borrowings on its revolving credit facility as of December 31, 2024 and 2023, respectively. Such borrowings are included within long-term debt on the Consolidated Balance Sheet.
In the fourth quarter of 2024, the Company purchased its corporate headquarters which was previously accounted for as a finance lease. The Company paid $48 million, of which $33 million was recorded to finance lease liability within long-term debt on the Consolidated Balance Sheet and the remaining $15 million was recorded to land and building within property and equipment, net on its Consolidated Balance Sheet.
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 had $88 million in outstanding borrowings on its revolving credit facility as of December 31, 2024. This amount is included within long-term debt on the Consolidated Balance Sheet.
Additionally, in the fourth quarter of 2024, Baymont Inn Suites purchased its corporate headquarters, which was previously accounted for as a finance lease. As part of this purchase, $33 million was recorded to finance lease liability within long-term debt on the Consolidated Balance Sheet.
Therefore, based on the information provided, the long-term debt related to the revolving credit facility and the finance lease liability totaled $121 million as of December 31, 2024. It is important to note that this figure may not represent the entirety of Baymont Inn Suites's total outstanding long-term debt, as other long-term debt obligations may exist that are not detailed in the provided excerpts.