What was the amount of write-offs, in thousands, for Best Western in 2022?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
nds) | Amortized cost | Fair Value | |---|---|---| | Due in one year or less | $ 11,691 | $ 11,643 | | Due after one year through five years | 46,351 | 46,070 | | Due after five years through ten years | 24,421 | 23,749 | | Due after ten years | 95,735 | 91,575 | | Total | $ 178,198 | $ 173,037 | See accompanying notes to consolidated financial statements.
Consolidated Statements of Revenues and Expenses
| (in thousands) | 2023 | Years Ended November 30, 2022 |
|---|---|---|
| REVENUES: | ||
| Fees, dues and assessments | $ 293,536 | $ 276,766 |
| Program revenues | 180,273 | 165,915 |
| Other revenues | 62,787 | 51,199 |
| TOTAL REVENUES | 536,596 | 493,880 |
| EXPENSES: | ||
| Compensation, taxes and benefits | 197,303 | 175,005 |
| Advertising and promotion | 121,415 | 105,950 |
| Depreciation and amortization | 18,162 | 14,748 |
| General and administrative | 88,222 | 77,477 |
| Program cost of sales | 19,540 | 16,531 |
| TOTAL EXPENSES | 444,642 | 389,711 |
| Net realized and unrealized gains (losses) on investments | 12,414 | (1,391) |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the net realized and unrealized gains (losses) on investments for Best Western in 2022 was a loss of $1,391,000. This figure is presented in thousands, as indicated by the table's header.
This loss represents the impact of investment performance on Best Western's overall financial results for the year. Potential franchisees should consider these figures in the context of Best Western's overall financial performance and stability. Investment gains and losses can fluctuate from year to year, so it's important to review trends over multiple years to get a better understanding of the company's investment strategy and its potential impact on the bottom line.
Prospective franchisees should also inquire about Best Western's investment policies and risk management strategies to understand how the company manages its investments and mitigates potential losses. Understanding these factors can help franchisees assess the financial health and stability of the Best Western organization.