What amount did Sonesta Simply Suites pay in cash for income taxes in 2023?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
,316 | $ | 37,753 | $ | 1,491 | | |
RED LION HOTELS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(dollars in thousands)
| Decei | mber 31, |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the company paid no cash for income taxes in 2023. The provided table detailing supplemental cash flow information indicates a value of "-" for cash paid for income taxes in 2023.
This information is part of the broader financial statements that offer insights into the company's financial health and cash flow activities. Franchisees can use this data to understand the tax obligations and cash management strategies of Sonesta Simply Suites.
Prospective franchisees should consult with financial advisors to fully understand the implications of these figures and how they might affect their investment decisions. Reviewing these statements can help potential franchisees assess the financial stability and practices of Sonesta Simply Suites.