What was the reported value of Best Western's non-current operating lease liabilities in 2024?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2024 | 2023 | ||
|---|---|---|---|---|
| Liabilities | ||||
| Non-current operating lease liabilities (3) | 811 | 791 |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the value of non-current operating lease liabilities was $811,000 as of November 30, 2024. This figure represents Best Western's long-term obligations for leases, indicating the financial commitments extending beyond the coming year.
For a prospective Best Western franchisee, understanding these lease liabilities is crucial. It provides insight into the company's financial health and its long-term financial obligations. This information, combined with other financial data, can help potential franchisees assess the overall stability and financial management of Best Western.
It's important to note that these figures are presented in thousands of dollars, and the liabilities pertain to operating leases. Franchisees should consult with financial advisors to fully understand the implications of these liabilities and how they might affect Best Western's operations and support for its franchisees.