What was the net cash used in investing activities for Best Western in 2022 (in thousands)?

According to Best Western's 2025 Franchise Disclosure Document, the net cash used in investing activities for the year 2022 was $(119,761) thousand. This figure reflects the total cash outflow resulting from Best Western's investment activities during that year. These activities include items such as the purchase and sale of securities, property, and equipment.

Specifically, Best Western's investing activities in 2022 involved proceeds from the maturity of held-to-maturity debt securities amounting to $16,500 thousand, proceeds from the sale of available-for-sale debt securities totaling $3,460 thousand, and proceeds from the sale of equity securities of $843 thousand. However, these inflows were offset by significant cash outflows, including the purchase of available-for-sale debt securities at $(76,005) thousand, the purchase of equity securities at $(37,712) thousand, development costs of hotel investments at $(11,211) thousand, funding of Restricted Rabbi Trust investments at $(439) thousand, and the purchase of property, equipment, and computer software at $(15,197) thousand.

For a prospective franchisee, understanding these figures provides insight into how Best Western manages its capital and invests in its future. A high net cash outflow in investing activities could indicate substantial investments in growth initiatives, which may or may not directly benefit franchisees. It is important for potential franchisees to inquire about the specific nature of these investments and how they align with the overall strategic goals of Best Western and the franchisees' interests.