What was the current lease liability for Bw Premier Collection in 2024 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (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 | |
| Operating lease ROU assets and lease liabilities consisted of the following: | |||
| --- | --- | --- | --- |
| (in thousands) | 2024 | 2023 | |
| Assets | |||
| Total non-current operating lease assets (1) | $ 1,482 | $ 1,600 | |
| Liabilities | |||
| Current operating lease liabilities (2) | $ 690 | $ 848 | |
| Non-current operating lease liabilities (3) | 811 | 791 | |
| Total operating lease liabilities | $ 1,501 | $ 1,639 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the current lease liability for 2024 was $690,000. This figure represents the short-term portion of the company's obligations for leased assets, such as office space, vehicles, and equipment. These leases are set to expire at various dates through 2029.
For a prospective franchisee, understanding the current lease liability provides insight into Bw Premier Collection's short-term financial obligations related to its leased assets. It is important to note that this figure only reflects the current portion of the lease liabilities; non-current lease liabilities, which represent the long-term portion, are reported separately. The total operating lease liabilities, including both current and non-current portions, provide a more comprehensive view of the company's overall lease obligations.
It's also worth noting that the FDD includes information on operating lease ROU (Right-of-Use) assets and lease liabilities, breaking them down into current and non-current portions. This level of detail can be helpful for franchisees in assessing the company's financial health and understanding its commitments related to leased assets. Reviewing these figures over multiple years, as presented in the table, can reveal trends and provide a better understanding of the company's financial management.