What were the fees, dues, and assessments revenues for Bw Premier Collection in 2022?
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 revenues from fees, dues, and assessments for the year 2022 were $276,766,000. This figure represents the income Bw Premier Collection generated from its membership and licensing agreements, including monthly fees, assessments for advertising, sales, marketing, technology expenses, and annual dues. These fees compensate the company for providing hotel support, marketing services, and the use of its brand intellectual property.
For a prospective Bw Premier Collection franchisee, understanding the composition and magnitude of these fees is crucial. These fees are established by the membership and the Board of Directors. Monthly fees and assessments are billed and recognized as revenue in the same month the services are provided, while annual dues are recognized ratably over the year to which the membership applies. This revenue stream is a significant component of Bw Premier Collection's overall financial health, reflecting the value and reliance its members place on the services provided.
It's also important to note that affiliation fee revenues from Best Western branded hotels are recognized over the hotelier's expected life or the initial contract term. SureStay franchisee initial fees are recognized over the initial term of the franchise agreement, and WorldHotels hotel integration fees are recognized over the expected life as a WorldHotels branded hotel. These different revenue recognition methods highlight the diverse nature of Bw Premier Collection's revenue streams and the importance of understanding the terms and conditions associated with each type of fee or assessment.
Overall, the fees, dues, and assessments revenue figure provides insight into the financial stability and operational scale of Bw Premier Collection. Franchisees should consider this information in conjunction with other financial data and disclosures within the FDD to assess the overall investment opportunity and potential return on investment.