What was the 'Amortization, depreciation and other' amount for Delta Hotels By Marriott in 2024?
Delta_Hotels_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
al and state income taxes has been provided for in the accompanying financial statements of the Company.
New Accounting Standards
We do not expect that accounting standards updates issued to date and that are effective after December 31, 2024 will have a material effect on our financial statements.
3. Intangible Assets
The following table details the composition of our intangible assets:
| 2024 | 2023 | |
|---|---|---|
| Costs incurred to obtain contracts with customers | $ 31,016 | $ 30,858 |
| Other contract intangibles | 1,764 | 1,764 |
| $ 32,780 | $ 32,622 | |
| Accumulated amortization | (11,143) | (9,782) |
| $ 21,637 | $ 22,840 |
We capitalize only incremental cost
Source: Item 7 — Franchisor reserves the right to challenge the applicability of any law that declares provisions in the Agreement void or unenforceable. (FDD pages 288–363)
What This Means (2025 FDD)
I am unable to provide the specific 'Amortization, depreciation, and other' amount for Delta Hotels By Marriott in 2024, as this exact figure is not present within the provided excerpts from the 2025 Franchise Disclosure Document. However, the FDD does provide some information regarding amortization and depreciation expenses. Specifically, it mentions that the company amortizes costs incurred to obtain contracts with customers and records the amortization in the "Contract investment amortization" caption of its Income Statements, and the cash flow impact in the "Amortization and depreciation" captions of its Statements of Cash Flows.
Additionally, the document mentions that in 2019, intangible assets of $1,764 (in thousands) were recorded related to the Parent's acquisition of its partner's remaining interest in a joint venture, and these are amortized over the remaining term of the underlying agreements, with the expense recorded in the "Amortization and depreciation expense" caption of the Income Statements. The estimated aggregate amortization expense for each of the next five fiscal years through December 31, 2029, will be approximately $67 (in thousands).
To obtain the precise 'Amortization, depreciation, and other' amount for 2024, a prospective Delta Hotels By Marriott franchisee should directly request this information from the franchisor. This figure would be crucial in understanding the financial performance and cost structure of the franchise.