Do the financial statements for Springhill Suites By Marriott include statements of income?
Springhill_Suites_By_Marriott Franchise · 2025 FDDAnswer from 2025 FDD Document
s:
| 2024 | 2023 | |
|---|---|---|
| Costs incurred to obtain contracts with customers | $ 31,016 | $ 30,858 |
| Other contract intangibles | 1,764 | 1,764 |
| $ 32,780 | $ 32,622 | |
| Accumulated amortization | (11,143) | (9,782) |
| $ 21,637 | $ 22,840 |
We capitalize only incremental costs that Marriott incurs on our behalf to acquire franchise and license agreements, which we reimburse through a related party payable. We record these costs incurred to obtain contracts with customers within the "Intangible assets, net" caption of our Balance Sheets. We amortize these costs on a straight-line basis over the initial term of the underlying agreements, ranging from 10 to 30 years, in the "Contract investment amortization" and "Cost reimbursement revenue" captions of our Income Statements.
In 2019, the Company recorded intangible assets of $1,764 related to its Parent's acquisition of its partner's remain
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 137–138)
What This Means (2025 FDD)
Yes, according to the 2025 Franchise Disclosure Document, the financial statements for Springhill Suites By Marriott include income statements. Specifically, Item 17 mentions that costs incurred to obtain contracts with customers are amortized on a straight-line basis over the initial term of the underlying agreements, ranging from 10 to 30 years. This amortization is reflected in the "Contract investment amortization" and "Cost reimbursement revenue" captions of Springhill Suites By Marriott's Income Statements.
Additionally, the document notes that in 2019, Springhill Suites By Marriott recorded intangible assets of $1,764 (in thousands) related to its Parent's acquisition of its partner's remaining interest in a joint venture. The related franchise contracts have a weighted-average term of 24 years. The amortization of these acquired intangible assets is recorded in the "Amortization and depreciation expense" caption of their Income Statements.
These references to specific captions within the Income Statements indicate that Springhill Suites By Marriott's financial statements do, in fact, include statements of income. This is a standard component of financial reporting, providing insight into the company's revenues, expenses, and profitability over a period of time.