Are any undistributed earnings of Bw Premier Collection considered permanently reinvested?

According to the 2025 FDD, Bw Premier Collection has not provided for applicable income or withholding taxes on the undistributed earnings from continuing operations of its subsidiaries operating outside of the United States. The FDD states that the undistributed net income of these subsidiaries as of November 30, 2024, and November 30, 2023, nets to zero. Any undistributed earnings are considered permanently reinvested.

This means that Bw Premier Collection considers any earnings that its subsidiaries outside the U.S. have not distributed to be permanently reinvested in those subsidiaries. This accounting treatment can have implications for the company's tax liabilities and financial reporting.

For a prospective franchisee, this information may be relevant in understanding the overall financial structure and tax strategy of Bw Premier Collection. While it may not directly impact the operations of an individual franchised hotel, it provides insight into how the parent company manages its international earnings and tax obligations.