What was the balance of the Trust utilized by Bw Premier Collection as of November 30, 2024?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
s of Financial Position consisted of the following:
| (in thousands) | As of November 30, | |
|---|---|---|
| 2024 | 2023 | |
| Beginning balance | $ 16,425 | $ 17,373 |
| Recoveries | 2,135 | 1,478 |
| Provisions | 1,006 | 794 |
| Write offs | (3,914) |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to the 2025 Bw Premier Collection Franchise Disclosure Document, the ending balance of the trust as of November 30, 2024, was $15,652,000. This figure represents the balance after accounting for recoveries of $2,135,000, provisions of $1,006,000, and write-offs of $3,914,000.
To provide context, the beginning balance of the trust on November 30, 2023, was $16,425,000. The recoveries, provisions, and write-offs during the year resulted in the decrease to the $15,652,000 ending balance as of November 30, 2024. These figures are essential for understanding the financial management and stability of Bw Premier Collection.
Prospective franchisees should note that these balances and activities reflect the management of credit extended to hoteliers, tour operators, central bill accounts, and other third parties. Understanding the dynamics of these accounts receivable and the associated trust is crucial for assessing the financial health and risk profile of the Bw Premier Collection franchise system.