What was the net income (loss) for Sonesta Select Sonesta Essential in 2024, in thousands of dollars?

According to Sonesta Select Sonesta Essential's 2025 Franchise Disclosure Document, the net income (loss) for 2024 was $(2,913) thousand. This indicates a net loss of $2,913,000 for the brand during that year. This figure is part of the cash flow statement from operating activities.

For a prospective franchisee, this information is crucial as it provides insight into the financial performance of Sonesta Select Sonesta Essential. A net loss could signal potential challenges within the franchise system, such as declining revenues, increasing expenses, or other economic factors affecting profitability. It is important to consider this loss in the context of previous years' performance, as well as industry trends, to understand the potential risks and opportunities associated with investing in a Sonesta Select Sonesta Essential franchise.

It's also important to note that the 2023 net income (loss) was restated in the 2025 FDD. Reviewing the adjustments made during the restatement and understanding the reasons behind them can provide further clarity on the brand's financial health and accounting practices. Prospective franchisees should inquire about the factors contributing to the net loss in 2024 and how Sonesta Select Sonesta Essential plans to address these challenges to improve future profitability.

In addition to the net income (loss), the cash flow statement includes various adjustments and changes in assets and liabilities that impact the overall cash flow from operating activities. These adjustments, such as depreciation and amortization, deferred income taxes, and changes in accounts receivable and payable, provide a more comprehensive view of the financial performance of Sonesta Select Sonesta Essential. Analyzing these components can help potential franchisees assess the sustainability and stability of the franchise system's cash flow generation.