What was the total amount of Best Western's accounts payable and accrued liabilities in 2024?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2024 | 2023 | |
|---|---|---|---|
| Hotel investments, at cost: | |||
| Buildings | $ 40,934 | $ 40,263 | |
| Land | 6,985 | 6,985 | |
| Furniture and equipment | 6,821 | 6,785 | |
| Land improvements | 1,761 | 1,742 | |
| Work in process | 8 | 104 | |
| Hotel investments | 56,509 | 55,879 | |
| Less accumulated depreciation | (6,385) | (3,854) | |
| Hotel investments, net | $ 50,124 | $ 52,025 | |
| Accounts payable and accrued liabilities consisted of the following: | |||
| --- | --- | --- | --- |
| (in thousands) | 2024 | 2023 | |
| Accrued compensation and benefits | $ 29,935 | $ 27,155 | |
| Accounts payable | 25,340 | 26,273 | |
| Accrued liabilities | 21,878 | 21,851 | |
| Travel Card liability | 3,716 | 4,542 | |
| Current construction loans payable | 1,079 | 1,039 | |
| Current lease liability | 690 | 848 | |
| Total | $ 82,638 | $ 81,708 |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the company's accounts payable and accrued liabilities totaled $82,638,000 in 2024. This figure is part of the company's broader financial reporting, reflecting short-term obligations to suppliers, vendors, and other creditors.
For a prospective Best Western franchisee, understanding accounts payable and accrued liabilities is crucial because it provides insight into the company's short-term financial health and how well it manages its immediate obligations. A higher number might indicate that Best Western is taking longer to pay its bills or has a significant amount of short-term debt. Conversely, a lower number could suggest efficient management of its current liabilities.
It's important to note that this figure is just one component of Best Western's overall financial picture. Franchisees should consider this number in conjunction with other financial metrics, such as total liabilities, net assets, and revenue, to gain a comprehensive understanding of the company's financial stability and performance. Additionally, comparing these figures year-over-year can reveal trends and potential areas of concern or improvement.