What was the depreciation and amortization expense for Bw Premier Collection in 2022 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Consolidated Statements of Revenues and Expenses
| (in thousands) | 2023 | Years Ended November 30, 2022 | |
|---|---|---|---|
| REVENUES: | |||
| Fees, dues and assessments | $ 293,536 | $ 276,766 | |
| Program revenues | 180,273 | 165,915 | |
| Other revenues | 62,787 | 51,199 | |
| TOTAL REVENUES | 536,596 | 493,880 | |
| EXPENSES: | |||
| Compensation, taxes and benefits | 197,303 | 175,005 | |
| Advertising and promotion | 121,415 | 105,950 | |
| Depreciation and amortization | 18,162 | 14,748 | |
| General and administrative | 88,222 | 77,477 | |
| Program cost of sales | 19,540 | 16,531 | |
| TOTAL EXPENSES | 444,642 | 389,711 | |
| Net realized and unrealized gains (losses) on investments | 12,414 | (1,391) | |
| Interest and dividend income, and interest expense, net | 12,150 | 2,160 | |
| Excess of revenues over expenses before income taxes | 116,518 | 104,938 | |
| Income tax provision | (27,498) | (17,169) | |
| Excess of revenues over expenses | 89,020 | 87,769 | |
| Excess of expenses over revenues | |||
| attributable to non-controlling interests | 299 | 310 | |
| EXCESS OF REVENUES OVER EXPENSES | |||
| ATTRIBUTABLE TO BEST W |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the total depreciation and amortization expense for the year ended November 30, 2022, was $14,748,000. This figure is a key indicator of the wear and tear on Bw Premier Collection's assets and the amortization of its intangible assets during that period. It is important to note that this value represents the combined depreciation and amortization for the entire Bw Premier Collection system and not an individual franchise.
Depreciation and amortization are accounting methods used to allocate the cost of assets over their useful lives. Depreciation applies to tangible assets like buildings and equipment, while amortization applies to intangible assets like software and goodwill. The $14,748,000 expense includes various components such as depreciation of property and equipment ($2,111,000), amortization of computer software ($10,064,000), depreciation of hotel investments ($1,377,000), and amortization of goodwill and other intangible assets ($1,196,000). These individual components provide a more detailed understanding of how Bw Premier Collection values and accounts for its assets.
For a prospective franchisee, understanding these expenses at the franchisor level can offer insights into the financial management and capital expenditure strategies of Bw Premier Collection. While franchisees won't directly incur these specific expenses, the franchisor's approach to asset management can indirectly affect the services, technology, and support provided to franchisees. Therefore, it's beneficial to consider these figures as part of a broader financial due diligence process when evaluating a Bw Premier Collection franchise opportunity.