How much cash was paid for income taxes by Sonesta Simply Suites in 2024?

According to Sonesta Simply Suites' 2025 Franchise Disclosure Document, the cash paid for income taxes in 2024 was $102,000. This information is derived from the statement of cash flows, which outlines the movement of cash both into and out of the company. This figure is part of the supplemental cash flow information provided in the document.

For a prospective franchisee, understanding the cash flow information is crucial. It provides insight into how Sonesta Simply Suites manages its finances and meets its tax obligations. While this figure represents the cash paid for income taxes at the corporate level, it can offer a glimpse into the financial health and stability of the brand.

It's important to note that this figure reflects the cash outflow for income taxes at the corporate level and may not directly correlate with the tax obligations of individual franchisees. Franchisees should consult with their own financial advisors to understand their specific tax responsibilities and how they might be affected by the overall financial performance of Sonesta Simply Suites.