Are the financial statements for Hawthorn Suites By Wyndham presented on a consolidated basis?
Hawthorn_Suites_By_Wyndham Franchise · 2025 FDDAnswer from 2025 FDD Document
mer franchisee has about us.
We have established the FAC, as defined in Item 11, to use as a sounding board on issues that affect the franchise system. The FAC does not maintain a separate telephone number, e-mail address or website. The address for the FAC is:
FAC c/o Hawthorn Suites Franchising, Inc. 22 Sylvan Way Parsippany, NJ 07054 (800) 758-8999 https://development.wyndhamhotels.com
ITEM 21. FINANCIAL STATEMENTS
Exhibit D includes the audited financial statements of Wyndham Hotels & Resorts, Inc. and its subsidiaries (the "Company"). These financial statements contain the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the relate
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 92)
What This Means (2025 FDD)
According to Hawthorn Suites By Wyndham's 2025 Franchise Disclosure Document, the financial statements are presented on a consolidated basis. Item 21 states that Exhibit D includes the audited financial statements of Wyndham Hotels & Resorts, Inc. and its subsidiaries, referred to as "the Company." These statements include consolidated balance sheets as of December 31, 2024, and 2023, along with consolidated statements of income, comprehensive income, equity, and cash flows for the three years ending December 31, 2024, and related notes.
The use of consolidated financial statements means that the financial performance and position of Wyndham Hotels & Resorts, Inc. are presented as a single economic entity, combining the results of the parent company and all its subsidiaries. This approach provides a more comprehensive view of the overall financial health and performance of the entire organization, which is crucial for prospective franchisees assessing the financial stability of Hawthorn Suites By Wyndham.
Furthermore, the report of the independent registered public accounting firm confirms that they have audited the consolidated financial statements of Wyndham Hotels & Resorts, Inc. and subsidiaries. This audit provides an additional layer of assurance regarding the accuracy and reliability of the financial information presented. The auditor's opinion indicates that the financial statements fairly present the financial position, results of operations, and cash flows of the company in conformity with accounting principles generally accepted in the United States of America.
In addition to the consolidated financial statements, Wyndham Hotels & Resorts, Inc. guarantees the performance of Hawthorn Suites Franchising, Inc., as detailed in Exhibit D. This guaranty provides further financial security for franchisees, assuring them that the parent company stands behind the obligations of its subsidiary. Prospective franchisees should carefully review Exhibit D to understand the full scope and terms of this guaranty.