What is the total amount of Sonesta Select Sonesta Essential's lease payments due in 2026?

According to Sonesta Select Sonesta Essential's 2025 Franchise Disclosure Document, the total lease payments due in 2026 are $593,000. This figure is part of a table outlining the future maturities of lease liabilities. The table provides a breakdown of lease payments for the years 2025 through 2028, as well as a total for payments due thereafter.

This information is crucial for prospective franchisees as it provides insight into the brand's long-term financial obligations related to leases. Understanding these lease payment schedules allows potential franchisees to assess the financial stability of Sonesta Select Sonesta Essential and its ability to meet its financial commitments. It also helps franchisees understand the context of their own potential lease obligations.

It's important to note that the table also includes a figure for imputed interest, which is subtracted from the total lease payments to arrive at the present value of lease liabilities. This present value represents the actual financial obligation of Sonesta Select Sonesta Essential, taking into account the time value of money. The total lease payments are $1,985,000, from which $186,000 is subtracted for imputed interest, resulting in a present value of lease liabilities of $1,799,000.