What was the total amount of contract liabilities for Bw Premier Collection as of November 30, 2024?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
At November 30, 2024 and 2023, the contract liabilities balances related to affiliation fees and the BWR program include the following components and are included in current frequent stay program liability, current deferred revenue, non-current frequent stay program liability, and non-current deferred revenue in the Consolidated Statements of Financial Position:
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the contract liabilities balances related to affiliation fees and the BWR program as of November 30, 2024, are included in current frequent stay program liability, current deferred revenue, non-current frequent stay program liability, and non-current deferred revenue within the Consolidated Statements of Financial Position. However, the document does not explicitly state the total amount of these contract liabilities. Instead, it indicates where these liabilities are reported within the financial statements.
For a prospective Bw Premier Collection franchisee, understanding the total contract liabilities is crucial for assessing the financial health and obligations of the franchisor. These liabilities represent future obligations of Bw Premier Collection to provide services or benefits related to affiliation fees and the BWR program. Knowing the magnitude of these liabilities can help a franchisee evaluate the franchisor's financial stability and its ability to meet its commitments.
Since the exact total amount is not disclosed, it is important for potential franchisees to request this information from Bw Premier Collection during their due diligence. Specifically, they should ask for a detailed breakdown of the contract liabilities, including the amounts allocated to current and non-current liabilities, as well as the specific components related to affiliation fees and the BWR program. This will provide a clearer picture of the franchisor's financial obligations and potential impact on the franchisee's investment.
In summary, while the FDD indicates that contract liabilities exist and are related to affiliation fees and the BWR program, it does not provide the total amount. Prospective franchisees should seek further clarification from Bw Premier Collection to obtain a comprehensive understanding of these liabilities and their potential implications.