What is the trend in 'Other for (expense), net' for Sonesta Simply Suites over the years presented?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Amortization of contract liabilities 192 1,497 713 Deferred income taxes - 1 1 Provision (Recovery) of doubtful accounts 1,112 (1,819) 654 Other income (expense), net - - - 846 Loss (gain) on sale of hotel 153 (160) - Change in current assets and liabilities - (3,111) (942) (50 Prepaid expenses and other current assets (706) (414) (541) Other long term assets (19,498) (9,440) (1,007) Accounts payable (434) (436) (682) Loyally program liability 139 - - Accrued compensation, accrued expenses, and other liabilities 893 (2,777) 3,600 Net cash provided by (used in) operating
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites' 2025 Franchise Disclosure Document, the 'Other income (expense), net' values are provided for the years 2022, 2023 (restated), and 2024. In 2022, the 'Other income (expense), net' was $846. For 2023, the value is not explicitly listed as a numerical value but is represented by "-". Similarly, for 2024, the value is also represented by "-".
This indicates that 'Other income (expense), net' was $846 in 2022, and there was no reported value for this line item in 2023 and 2024. A prospective franchisee should inquire with Sonesta Simply Suites about the nature of these other income and expense items and why they were significant in 2022 but not in the subsequent years presented in the financial statements. Understanding the components of this line item and the reasons for its fluctuation can provide a clearer picture of the brand's financial performance and potential future trends.