What was the total cost of Bw Premier Collection's land investments as of November 30, 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Hotel investments, net, consisted of the following:
| As of November 30, | |||||
|---|---|---|---|---|---|
| (in thousands) | 2023 | 2022 | |||
| Hotel investments, at cost: | $ | $ | |||
| Buildings | 40,263 | 39,328 | |||
| Land | 6,985 | 6,985 | |||
| Furniture and equipment | 6,785 | 6,431 | |||
| Land improvements | 1,742 | 1,362 | |||
| Work in process | 104 | 674 | |||
| Hotel investments | 55,879 | 54,780 | |||
| Less accumulated depreciation | (3,854) | (1,377) | |||
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, as of November 30, 2023, the total cost of land investments was $6,985 thousand. This figure represents the cost of land held by Bw Premier Collection at that specific point in time.
This information is relevant for prospective franchisees as it provides insight into Bw Premier Collection's asset management and investment strategy. Land investments can be a significant component of a company's overall financial health and can impact its ability to grow and support its franchisees. Understanding the scale of these investments can help franchisees assess the financial stability and long-term prospects of Bw Premier Collection.
It's important to note that this figure represents the cost of the land and not necessarily its current market value. The market value of the land could be higher or lower depending on various economic factors. Additionally, this figure does not include any costs associated with land improvements or developments, which are listed separately in the financial statements.