For Embassy Suites By Hilton, what years are covered by the audited consolidated statements of operations?
Embassy_Suites_By_Hilton Franchise · 2025 FDDAnswer from 2025 FDD Document
anchisee organizations associated with the franchise system which are incorporated or otherwise organized under state law and have asked us to be included in our disclosure document during the next fiscal year.
ITEM 21 FINANCIAL STATEMENTS
Attached as Exhibit C are our audited consolidated balance sheets as of December 31, 2024 and 2023, the related consolidated statements of operations and member's capital and cash flows for the years ended December 31, 2024, 2023, and 2022, and the related notes to the consolidated financial statements.
EXHIBIT C
Hilton Franchise Holding LLC Financial Statements For the years ended December 31, 2024, 2023 and 2022
Hilton Franchise Holding LLC Index to Financial Statements
| Report of Independent Auditor | 1 |
|---|---|
| Financial Statements |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 97)
What This Means (2025 FDD)
According to Embassy Suites By Hilton's 2025 Franchise Disclosure Document, the audited consolidated statements of operations include data for the years ended December 31, 2024, 2023, and 2022. These statements offer a comprehensive look at the company's financial performance over the three-year period. The inclusion of three years' worth of data allows prospective franchisees to identify trends and assess the financial stability and growth of Embassy Suites By Hilton.
The financial statements include balance sheets, statements of operations, member's capital, and cash flows, along with related notes. These statements are crucial for understanding Embassy Suites By Hilton's revenue, expenses, and overall profitability. The audit was conducted in accordance with auditing standards generally accepted in the United States of America.
Specifically, the statements of cash flows provide insights into the company's operating, investing, and financing activities. For example, in 2024, 2023 and 2022, Embassy Suites By Hilton settled $1.5 billion, $1.4 billion and $1.55 billion of other receivables due from Hilton affiliates, respectively, and simultaneously distributed $1.5 billion, $1.4 billion and $1.55 billion of retained earnings to Parent, respectively. Reviewing these figures over multiple years can help potential franchisees understand the consistency and reliability of Embassy Suites By Hilton's financial performance.