What was the value of the Intangible assets liabilities for Sonesta Simply Suites as of December 31, 2024?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
come tax (expense) benefit $ (137) $ (104) $ (437) The components of our deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are as follows:
| December 31, | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||||||
| Assets | Lia | bilities | Assets | Lia | bilities | |||||
| Property and equipment | $ | 1,823 | $ | = | $ | 2,042 | $ | - | ||
| Intangible assets | 360 | 1,936 | 953 | 1,922 | ||||||
| Goodwill | 937 | - | 1,180 | - | ||||||
| Accrued bonus | 729 | - | 609 | - | ||||||
| Interest expense limitation section 163(j) | 345 | = | 345 | - | ||||||
| Allowance for credit losses |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the intangible assets liabilities as of December 31, 2024, were $1,936. This figure is presented in thousands of dollars. This liability relates to property and equipment.
Intangible assets typically include items like brand names, trademarks, and franchise agreements. These assets are not physical but have a monetary value to the company. Liabilities, on the other hand, represent what the company owes to others, such as debts or obligations.
For a prospective Sonesta Simply Suites franchisee, understanding the breakdown of these intangible assets and their associated liabilities can be crucial. It provides insight into the financial structure of the franchise system and how the franchisor manages its obligations related to these assets. This information can help franchisees assess the financial stability and potential risks associated with investing in the franchise.