What amount did Sonesta Simply Suites pay in cash for income taxes in 2024?
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' 2025 Franchise Disclosure Document, the amount of cash paid for income taxes in 2024 was $102,000. The FDD also provides supplemental cash flow information for 2023 and 2022, which were $0 and $138,000 respectively.
This information is relevant for prospective franchisees as it provides insight into the historical cash payments made by Sonesta Simply Suites for income taxes. Reviewing these figures over the three-year period can help potential franchisees understand the tax obligations and cash flow implications associated with the franchise.
It's important to note that these figures reflect the cash paid for income taxes by Sonesta Simply Suites itself and may not directly represent the tax obligations a franchisee will face. Franchisees should consult with a financial advisor to understand their specific tax liabilities and how they might differ from the figures presented in the FDD.