What was the 'Amortization, depreciation and other' amount for Springhill Suites By Marriott in 2024?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has evaluated subsequent events for recognition and disclosure through March 26, 2025, the date of these financial statements and determined there were no recognized or unrecognized events that would require an adjustment or additional disclosure as of December 31, 2024.
Source: Item 17 — , "Renewal, Termination, Transfer, and Dispute Resolution," is amended by the addition of the following paragraph(s) at the conclusion of the Item: (FDD pages 285–553)
What This Means (2025 FDD)
I am unable to provide the specific 'Amortization, depreciation, and other' amount for Springhill Suites By Marriott in 2024, as this information is not present within the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts do discuss amortization and depreciation expenses related to intangible assets and franchise contracts. Specifically, it mentions that the company amortizes costs incurred to obtain contracts with customers on a straight-line basis over 10 to 30 years and amortizes acquired intangible assets. However, the excerpts do not provide the specific amount for 'Amortization, depreciation and other' for 2024.
To obtain this information, a prospective Springhill Suites By Marriott franchisee should review the complete 2025 FDD, specifically the financial statements, and/or request this information directly from the franchisor. Understanding these expenses is crucial for assessing the financial performance and profitability of a Springhill Suites By Marriott franchise.
It is important to note that while the FDD excerpts mention subsequent events evaluated through March 26, 2025, and confirm no adjustments or additional disclosures were required as of December 31, 2024, this does not provide the specific amortization and depreciation figures requested. Therefore, further investigation of the financial statements is necessary.