What were the proceeds from the sale of a hotel for Sonesta Simply Suites in 2023 (Restated)?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Capital expenditures | ( 735) | ( 433) | (358) | |
|---|---|---|---|---|
| Proceeds from sale of hotel | - | 550 | - |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the proceeds from the sale of a hotel in 2023 (Restated) were $550,000. This information is part of the cash flow statement under cash flows from investing activities. This provides insight into the brand's financial activities beyond its standard operations.
For a potential franchisee, this figure indicates that Sonesta Simply Suites engages in transactions involving hotel sales, which could be relevant for understanding the company's asset management and investment strategies. It's important to note that this is a single data point and doesn't necessarily reflect a regular occurrence or a trend.
Understanding the context around such transactions, such as the reasons for the sale and how the proceeds are utilized, would be beneficial for a prospective franchisee. Reviewing several years of financial statements, if available, would provide a more comprehensive view of these activities.