What was the ending balance of the Denver 3560 construction loan for Bw Premier Collection in 2022?

According to Bw Premier Collection's 2025 Franchise Disclosure Document, the company had borrowed $23.8 million as of November 30, 2022, for the Denver 3560 construction loan. Of this amount, $0.4 million is classified as the current portion and is included in accounts payable and accrued liabilities. The remaining $23.4 million is categorized as non-current construction loans within the Consolidated Statements of Financial Position for the year ended November 30, 2022. Therefore, the total borrowed amount for the Denver 3560 construction loan as of November 30, 2022, was $23.8 million.

This means that Bw Premier Collection had a significant debt outstanding related to the Denver 3560 project at the end of 2022. The classification of portions of the loan as current and non-current liabilities reflects the repayment schedule, with the current portion due within the next year. The interest rate on the Denver Loan is a fixed annual rate of 3.21% and is computed and accrued on an ACT/360 basis.

For a prospective franchisee, this information indicates the level of financial commitment Bw Premier Collection has made to this particular project. It also shows that Bw Premier Collection was in compliance with all financial and operational covenants related to the loan as of November 30, 2022. Understanding the financial obligations and compliance status of the franchisor can provide insight into the overall financial health and stability of the Bw Premier Collection brand.