What was the income (loss) before income taxes for Sonesta Simply Suites in 2024 (in thousands)?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
- | | | Total shareholders' equity | | 78,231 | | 81,144 | | | Total liabilities and shareholders' equity | $ | 100,942 | $ | 104,599 | |
RED LION HOTELS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(dollars in thousands)
Year Ended December 31, 2024 2023 2022 Revenues: $ $ Franchise fees 15,110 17,139 $ 17,684 System, reservation and marketing fees 24,752 21,364 21,287 149 Loyalty program fees 258 255 6,231 3,103 Other fee revenue 6,463 Total fee revenue 46,474 44,992 42,329 Hotel operations 4,577 10,574 11,634 51,051 55,566 53,963 Total revenues Operating costs and expenses: Sales and marketing 24,180 18,493 18,496 General, administrative and other 24,543 25,288 20,899 Hotel operations 5,383 9,105 10,914 Depreciation and amortization 489 1,691 3,506 Total operating costs and expenses 54,595 54,577 53,815 989 148 Operating income (loss) (3,544)Interest expense (11)921 440 Other income and expenses, net (1) Gain (loss) on sale of assets (
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the income (loss) before income tax expense for the year ended December 31, 2024, was $1,581 thousand. This figure is derived from the consolidated statements of comprehensive income (loss) for Red Lion Hotels Corporation, the parent company of Sonesta Simply Suites.
This number reflects the overall financial performance of Red Lion Hotels Corporation, which includes Sonesta Simply Suites along with other brands. It represents the company's earnings before accounting for income taxes, providing a view of operational profitability before tax implications.
Prospective franchisees should understand that this income (loss) figure pertains to the parent company's overall performance and may not directly reflect the individual performance of Sonesta Simply Suites franchises. It is important to consider this number in the context of other financial metrics and factors affecting the company's performance.
It is advisable for potential franchisees to further investigate the financial performance of Sonesta Simply Suites specifically, and to understand how the brand contributes to the overall financial health of Red Lion Hotels Corporation. This can be achieved by asking the franchisor for more detailed financial information related to the Sonesta Simply Suites brand.