What was the amount of proceeds from construction loans for Best Western in 2022 (in thousands)?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayment of construction loan | $ (456) | $ - |
| Proceeds from construction loans | 1,135 | 12,515 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 679 | 12,515 |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the proceeds from construction loans in 2022 amounted to $12,515,000. This figure reflects the total funds Best Western received from construction loans during that year, presented in thousands of dollars.
For a prospective franchisee, this number provides insight into Best Western's financing activities and its reliance on construction loans. It suggests the level of investment and expansion the company was undertaking during that period. While this is not directly related to the franchisee's investment, it can be indicative of the overall financial health and growth strategy of the Best Western brand.
It's important to note that this figure represents the proceeds received by Best Western itself and not the financing obtained by individual franchisees for their own hotel constructions. Franchisees should seek independent financial advice and conduct their own due diligence regarding financing options for their specific projects.