What was the change in accounts receivable, net, for Sonesta Simply Suites in 2023 (Restated)?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| (dollars in thousands) | ||||
|---|---|---|---|---|
| 2024 | 2023 (Restated) | 2022 | ||
| Change in current assets and liabilities | ||||
| Accounts receivable, net | ( 3,111) | ( 942) | ( 50) |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to Sonesta Simply Suites' 2025 Franchise Disclosure Document, the change in accounts receivable, net, in 2023 (Restated) was a decrease of $942,000. This figure is part of the cash flow statement, reflecting changes in current assets and liabilities. This indicates a decrease in the amount of money owed to Sonesta Simply Suites by its customers or franchisees during that period.
For a prospective franchisee, this information provides insight into the brand's financial management and cash flow trends. A decrease in accounts receivable could suggest more efficient collection processes or changes in payment terms. However, it's essential to consider this figure in the context of overall financial performance and industry benchmarks.
It is important to note that the figures are in thousands of dollars, so the stated amount of $(942) represents $(942,000). Analyzing these trends over multiple years, as presented in the table, can offer a more comprehensive understanding of the financial health and stability of the Sonesta Simply Suites franchise system.