What is the weighted average remaining lease term for Best Western's operating leases?

According to Best Western's 2025 Franchise Disclosure Document, the weighted average remaining lease term for operating leases is detailed in Item 23. As of November 30, 2024, the weighted average remaining lease term is 2.9 years, with a weighted average discount rate of 3.58%. This information is crucial for prospective franchisees as it provides insight into the average duration of lease commitments held by Best Western.

Understanding the remaining lease term is important for assessing the long-term financial obligations associated with property leases. The discount rate is also a key factor, as it affects the present value of future lease payments. Franchisees should consider these figures when evaluating the financial viability of a Best Western franchise, particularly if they plan to assume existing leases or enter into new ones.

It's important to note that these figures represent averages and may not reflect the specific terms of individual leases. Prospective franchisees should conduct their own due diligence and carefully review the terms of any lease agreements they are considering. Consulting with a financial advisor or real estate professional is recommended to fully understand the implications of lease terms and discount rates on their investment.