What was the reported cost of developed computer software for Bw Premier Collection in 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Computer software, at cost: | ||
| Developed | 96,145 | 80,819 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the cost of developed computer software in 2023 was $96,145,000. This figure represents the company's investment in creating its own software, as opposed to purchasing it from third-party vendors. This investment is a significant asset for Bw Premier Collection, reflecting its commitment to technology and potentially providing a competitive advantage through customized software solutions.
For a prospective franchisee, this information offers insight into the scale of Bw Premier Collection's technological infrastructure. The large investment in developed software suggests that Bw Premier Collection relies heavily on proprietary systems for its operations, potentially impacting various aspects of the franchise, such as reservations, property management, or customer relationship management. Franchisees may benefit from these advanced systems, but they should also be aware of potential costs associated with training, maintenance, and updates to these technologies.
It's important for potential franchisees to understand how these software systems will be integrated into their daily operations and what support Bw Premier Collection provides for them. Further due diligence should include asking Bw Premier Collection about the specific functionalities of the developed software, the frequency of updates, and the level of technical support available to franchisees. Understanding these aspects will help franchisees assess the true value and potential challenges associated with Bw Premier Collection's technology investments.