Does the FDD include audited financial statements for Springhill Suites By Marriott?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
gnized the carrying amount of all previously capitalized costs incurred to obtain these contracts of $3,105. For these acquired definite-lived intangible assets, our estimated aggregate amortization expense for each of the next five fiscal years through December 31, 2029, will be approximately $67.
MIF, L.L.C. Notes to Financial Statements (continued) ($ in Thousands)
4. Subsequent Events
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.
EXHIBIT K
MANUALS, STANDARDS, AND RESOURCES
MANUALS, STANDARDS AND RESOURCES – SPRINGHILL SUITES BY MARRIOTT
(as described in Item 11 of the Disclosure Document)
Standards
Standards are made available to you through an online resource. This resource contains a complete listing of SpringHill Suites standards.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 137–138)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the excerpts provided include financial statements for MIF, L.L.C. with notes. Specifically, the notes to the financial statements indicate that the company evaluated subsequent events through March 26, 2025, and determined that no adjustments or additional disclosures were required as of December 31, 2024.
These financial statements include information about intangible assets, amortization, and expenses. For example, in 2019, the company recorded intangible assets of $1,764 related to its Parent's acquisition of its partner's remaining interest in a joint venture. The estimated aggregate amortization expense for each of the next five fiscal years through December 31, 2029, will be approximately $67.
While the excerpts include these financial statements and related notes, it is important to note that these statements pertain to MIF, L.L.C. and not necessarily the Springhill Suites By Marriott franchise itself. To confirm whether the FDD includes audited financial statements specifically for the Springhill Suites By Marriott franchise, a prospective franchisee should review the complete FDD and consult with the franchisor directly.