What were the contributions from non-controlling interests for Bw Premier Collection as of November 30, 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Consolidated Statements of Changes in Net Assets
| (in thousands) | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Non-controlling Interests in Consolidated Subsidiaries | Total Net Assets |
|---|---|---|---|---|
| Balance - November 30, 2022 | $ 144,213 | $ 576 | $ 1,954 | $ 146,743 |
| Total excess of revenues over expenses (expenses over revenue) | 89,319 | - | (299) | 89,020 |
| Foreign currency translation adjustment, net of tax | - | (755) | - | (755) |
| Unrealized (losses) on available-for-sale debt securities, net of tax | - | (3,346) | - | (3,346) |
| Contributions from non-controlling interests | - | - | 175 | 175 |
| Balance - November 30, 2023 | 233,532 | (3,525) | 1,830 | 231,837 |
| Total excess of revenues over expenses (expenses over revenue) | 65,388 | - | (271) | 65,117 |
| Foreign currency translation adjustment, net of tax | - | (11) | - | (11) |
| Unrealized gains on available-for-sale debt securities, net of tax | - | 2,709 | - | 2,709 |
| Contributions from non-controlling interests | - | - | 75 | 75 |
| Balance - November 30, 2024 | 298,920 | $ (827) | $ 1,634 | $ 299,727 |
| $ |
November 30, 2024
(1) Business, Organization and Summary of Significant Accounting Policies
(a) Nature of Business
Best Western International, Inc.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the balance of contributions from non-controlling interests as of November 30, 2023, was $1,830,000. This figure represents the cumulative investment made by outside parties who have a partial ownership stake in Bw Premier Collection's consolidated subsidiaries. These non-controlling interests reflect the portion of equity in a subsidiary not attributable to the parent company, Bw Premier Collection.
Specifically, the document details the impact of these contributions on the overall net assets of Bw Premier Collection. The contributions from non-controlling interests are added to the total net assets, reflecting the increased investment in the company's subsidiaries. This can be seen as a positive indicator of external confidence and investment in Bw Premier Collection's business model and growth potential.
Furthermore, the FDD also mentions the Denver 3560 joint venture, where contributions were made by both Bw Premier Collection ($0.6 million) and TWC ($0.2 million) in the fiscal year ending November 30, 2023. These contributions were primarily used for land purchase, development, and other start-up construction-related costs. The equity contribution from the joint venture partner, TWC, is included in non-controlling interests in the Consolidated Statement of Financial Position, further illustrating how these investments are accounted for in Bw Premier Collection's financial statements.
For a prospective franchisee, understanding these figures is important as it provides insight into how Bw Premier Collection manages its financial relationships with external investors and how these investments contribute to the company's overall financial health and expansion strategies. It also highlights the potential for joint ventures and partnerships as part of Bw Premier Collection's growth model.