What is the trend in 'Account general trabilities' for Sonesta Simply Suites over the years presented?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
899 | $ 255 | $ 87,652 | $ (9,676) | $ 78,231 |
RED LION HOTELS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in thousands)
| Tolking from printing activities: Net income (loss) ( 20, 10) $ 1, 107 $ ( 3, 10) Adjustments to reconcile net loss to cash provided by (used in) operating activities: $ 1, 100 $ 3, 30 Propreciation and amoritation 1,514 3, 60 3, 70 Amoritation of key money and contract costs 1,514 3, 60 7 Amoritation of contract liabilities 1,912 1,912 1,912 Peberferd income taxes 1,912 1,912 1,912 Other for (expense), net 1,912 1,912 1,912 Designion sale of hotel 1,913 4,912 1,912 Account general trabilities 1,913 4,912 1,912 Accounting term assets and liabilities 1,914 4,912 1,912 Accounting term assets and propriate passes and other current assets 1,914 4,912 4,912 Accounting term assets and liabilities 3,134 4,912 4,912 Account propriate principal tradities 1,243 4,52 4,52 Account propriate principal tradities 3,134 4,52 | | Decembe | | | ember 31, | r 31, | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided financial data contains a line item that appears to be a misspelling of "Accounts payable". The amounts listed under the heading "Account general trabilities" are identical for all three years presented, 2022, 2023 (restated), and 2024, with a value of $4,912 for each year.
However, the subsequent line item, "Accounting term assets and liabilities" also shows the same value of $4,912 for all three years. This duplication suggests a possible error in the table's labeling or data entry. It is unusual for a company's accounts payable to remain exactly the same across multiple years, especially given that the company's net income and other financial metrics fluctuate during this period.
Prospective Sonesta Simply Suites franchisees should seek clarification from the franchisor regarding these figures. Understanding the actual trends in accounts payable is crucial for assessing the financial health and stability of the franchise system. It would be prudent to request a detailed breakdown of these liabilities to ensure transparency and accuracy in the financial reporting.