Through what date has Springhill Suites By Marriott evaluated subsequent events for recognition and disclosure?
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)
According to Springhill Suites By Marriott's 2025 Franchise Disclosure Document, the company evaluated subsequent events for recognition and disclosure through March 26, 2025. This evaluation determined that there were no recognized or unrecognized events that would require an adjustment or additional disclosure as of December 31, 2024. Subsequent events are those that occur between the end of a company's fiscal year (December 31, in this case) and the date the financial statements are issued.
For a potential Springhill Suites By Marriott franchisee, this means that the financial statements provided in the FDD have been reviewed for any significant events that occurred after the close of the fiscal year that might impact the franchisee's investment decision. The evaluation provides some assurance that the financial information presented is complete and reflects the most current information available as of March 26, 2025.
It is important to note that this evaluation only covers the period up to March 26, 2025. Any events occurring after this date would not be included in this assessment. A prospective franchisee may want to inquire about any significant events that have occurred since that date to ensure they have the most up-to-date information before making a final investment decision.