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What was the total value of assets for Sonesta Simply Suites as of December 31, 2023?

Sonesta_Simply_Suites Franchise · 2025 FDD

Answer from 2025 FDD Document

ified during the audit.

March 24, 2025

RED LION HOTELS CORPORATION CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except share data)

December 31,
2024 2023
ASSETS
Current assets:
Cash and cash equivalents $ 13,316 $ 37,753
Accounts receivable, net 9,258 7,259
Notes receivable, net 40 42
Prepaid expenses and other current assets 4,592 3,441
Total current assets 27,206 48,495
Property and equipment, net 1,178 816
Intangible assets, net 20,884 21,153
Operating lease right of u

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)

What This Means (2025 FDD)

According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the total value of assets as of December 31, 2023, was $104,599. This figure represents the sum of all current assets, property and equipment, intangible assets, operating lease right of use assets, goodwill, and other long-term assets held by Sonesta Simply Suites.

Understanding the composition of these assets is crucial for potential franchisees. Current assets, which totaled $48,495 in 2023, include cash, accounts receivable, and prepaid expenses, reflecting the brand's short-term liquidity. Non-current assets such as intangible assets ($21,153) and goodwill ($19,680) indicate the value of the brand's reputation and franchise agreements. Property and equipment, though a smaller portion at $816, represent the physical resources owned by the company.

The financial statement also provides a comparative view by presenting the asset values as of December 31, 2024. This allows potential franchisees to assess the company's financial trajectory and stability over time. Reviewing these figures in the context of liabilities and equity can offer a comprehensive understanding of Sonesta Simply Suites's financial health and its ability to meet its obligations and support its franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.