Does the Bw Premier Collection FDD include Exhibit D, which contains the Financial Statements?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit A | List of State Administrators | Exhibit G | Application | ||
|---|---|---|---|---|---|
| Exhibit B | List of State Agents for Service of Process | Exhibit H-1 | BW Premier Collection® by Best Western QA Assessment | ||
| Exhibit C-1 | Distribution Agreement | Process & Procedures Table of | |||
| Exhibit C-2 | State Addenda to Distribution Agreement | Exhibit H-2 | Contents BW Signature Collection® by | ||
| Exhibit D | Financial Statements | Best Western QA Assessment Process & Procedures Table of | |||
| Exhibit E | Lists of Current and Former Hotel Owners | Exhibit I | Contents Receipts | ||
| Exhibit F | State Addenda to Disclosure Document | ||||
| Date | Prospective Franchisee | ||||
| (Sign, Date and Return to us, the franchisor) | Authorized Signature | ||||
HOTEL OWNER: BWI: [HOTEL OWNER], a [INSERT TYPE OF Best Western International, Inc., an Arizona ENTITY] corporation Executed on: Executed on:
EXHIBIT D TO FDD
FINANCIAL STATEMENTS
Report of Independent Auditors
To the Board of Directors and Members of Best Western International, Inc.
Opinion
We have audited the consolidated financial statements of Best Western International, Inc. (the Company), which comprise the consolidated statements of financial position as of November 30, 2024 and 2023, and the related consolidated statements of revenues and expenses, other comprehensive revenues and expenses, cash flows and changes in net assets for the years then ended, and the related notes (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at November 30, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to the 2025 Bw Premier Collection FDD, Exhibit D contains the financial statements. Specifically, Exhibit D includes the Report of Independent Auditors, which covers the consolidated financial statements of Best Western International, Inc. These statements include the financial position as of November 30, 2024 and 2023, along with statements of revenues and expenses, cash flows, and changes in net assets for the years then ended.
The auditors' opinion states that the financial statements present fairly the financial position of the company as of November 30, 2024 and 2023, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America. The audit was conducted following generally accepted auditing standards in the United States of America.
Management is responsible for the preparation and fair presentation of these financial statements, including the design, implementation, and maintenance of internal controls to ensure the statements are free from material misstatement, whether due to fraud or error. This exhibit provides prospective franchisees with an overview of the financial health and stability of Best Western International, Inc., which is crucial for making an informed investment decision.