What years are covered in the consolidated statements of equity for the Baymont Inn Suites financial statements?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit D includes the audited financial statements of Wyndham Hotels & Resorts, Inc. and its subsidiaries (the "Company"). These financial statements contain the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income, equity, and cash flows, for each of the three years in the period ended December 31, 2024, and the related notes.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 96)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, the consolidated statements of equity are included in the financial statements of Wyndham Hotels & Resorts, Inc. The financial statements contain information for each of the three years in the period ended December 31, 2024. This means the consolidated statements of equity cover the years 2022, 2023, and 2024.
Prospective franchisees should review these statements carefully to understand the financial performance and equity position of Wyndham Hotels & Resorts, Inc., the parent company guaranteeing Baymont Inn Suites's obligations. Understanding the parent company's financial health is crucial as it reflects on their ability to support the Baymont Inn Suites franchise system.
It is important to note that these are consolidated statements for Wyndham Hotels & Resorts, Inc., not standalone statements for Baymont Inn Suites. Therefore, while they provide insight into the overall financial health of the parent company, they do not offer a detailed view of Baymont Inn Suites's individual financial performance. Franchisees should consider this when evaluating the financial viability of the Baymont Inn Suites franchise opportunity.