What was the operating lease expense for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Lease-related expenses consisted of the following:
| (in thousands) | Year Ended November 30, 2023 | ||
|---|---|---|---|
| Operating lease cost | $ 958 | ||
| Variable lease |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the operating lease expense for the year 2023 was $958,000. This figure represents the cost associated with leasing properties, vehicles, or equipment required for the operation of Bw Premier Collection.
For a prospective franchisee, understanding the operating lease expense is crucial as it reflects a significant ongoing cost. These expenses can impact the overall profitability of the franchise. Lease expenses are a standard part of doing business, especially for hotel operations that often involve property and equipment leases.
It is important to note that this figure represents only the operating lease expense. There may be other lease-related expenses, such as variable lease expenses, which totaled $50,000 in 2023. Franchisees should consider all lease-related costs when evaluating the financial viability of a Bw Premier Collection franchise.