Through what date has Delta Hotels By Marriott evaluated subsequent events for recognition and disclosure?
Delta_Hotels_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has evaluated subsequent events for recognition and disclosure through March 26, 2025, the date of these financial statements and determined there were no recognized or unrecognized events that would require an adjustment or additional disclosure as of December 31, 2024.
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)
According to Delta Hotels By Marriott's 2025 Franchise Disclosure Document, the company evaluated subsequent events for recognition and disclosure through March 26, 2025. This date represents the cutoff for considering events that occurred after the balance sheet date (December 31, 2024) but before the financial statements were issued.
This evaluation is a standard accounting practice to ensure that the financial statements accurately reflect the company's financial condition. It involves assessing whether any events that occurred after the balance sheet date require either an adjustment to the financial statements or disclosure in the accompanying notes.
For a prospective Delta Hotels By Marriott franchisee, this date is relevant because it provides insight into the thoroughness of the financial review process. It assures them that the financial statements have been updated to include any material events that could impact the financial position of the company up to that date. This is a common practice in franchise disclosures, providing franchisees with a level of confidence in the financial information presented.