For Bw Premier Collection, what was the amount of amortizing goodwill associated with WorldHotels?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| As of November 30, 2022 | |||||
|---|---|---|---|---|---|
| (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount at November 30 | ||
| Amortizing goodwill: WorldHotels AutoClerk Amortizing other intangible assets: |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the amortizing goodwill associated with WorldHotels was $4,554,000. This is based on data as of November 30, 2022. The accumulated amortization was $(1,211,000), resulting in a net carrying amount of $3,343,000.
This goodwill is being amortized over a period of 10 years, as Bw Premier Collection has elected the private-company alternative for goodwill amortization. For the years ended November 30, 2024 and 2023, the amortization expense for goodwill was approximately $0.8 million each year, and it is estimated to remain around $0.8 million annually for the fiscal years ending 2025 through 2028.
Goodwill is allocated to two reporting units: WorldHotels and AutoClerk. The trademarks and trade names value resulting from the WorldHotels acquisition was $1.3 million as of November 30, 2024 and 2023. These trademarks and trade names are considered indefinite-life assets and are not subject to amortization.