What was the change in other long term assets for Sonesta Simply Suites in 2022?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| (dollars in thousands) | ||||
|---|---|---|---|---|
| 2024 | 2023 (Restated) | 2022 | ||
| Change in current assets and liabilities | ||||
| Other long term assets | ( 19,498) | ( 9,440) | ( 1,007) |
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 other long term assets in 2022 was a decrease of $1,007,000. This figure is part of the cash flow statement, which provides insights into how the company manages its assets and liabilities over time.
For a prospective franchisee, understanding changes in long-term assets is crucial because it reflects the company's investment strategies and financial health. A decrease in other long-term assets could indicate various factors, such as asset depreciation, disposal of assets, or changes in investment strategies. It is important to note that this is a restated value.
Franchisees should consider these figures in the context of the overall financial performance of Sonesta Simply Suites. Analyzing trends over several years, as presented in the table, provides a more comprehensive understanding of the company's financial stability and growth potential. It is advisable for potential franchisees to seek professional financial advice to interpret these figures accurately and assess the investment risks and opportunities associated with a Sonesta Simply Suites franchise.