What is the estimated useful life for furniture and fixtures for Sonesta Simply Suites?

According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the estimated useful life for furniture and fixtures is up to 10 years. This means that for accounting purposes, Sonesta Simply Suites depreciates these assets over a period not exceeding 10 years.

For a prospective franchisee, this is relevant for financial planning and understanding the depreciation schedule for significant capital investments. The depreciation of furniture and fixtures impacts the franchisee's taxable income, and knowing the estimated useful life helps in forecasting expenses and profits.

In addition to furniture and fixtures, the FDD provides estimated useful lives for other assets, such as building improvements (up to 40 years) and landscaping and land improvements (lesser of useful life or remaining lease term). Understanding the depreciation timelines for various assets is crucial for managing the financial health of a Sonesta Simply Suites franchise.