For how many fiscal years are the financial statements provided for Springhill Suites By Marriott?
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 21 — FINANCIAL STATEMENTS (FDD pages 137–138)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, it is not explicitly stated how many fiscal years of financial statements are provided for Springhill Suites By Marriott. The document includes references to financial data and performance metrics from 2024, such as room night revenue percentages, average daily rates (ADR), occupancy rates (OCC), and Revenue Per Available Room (RevPAR). Additionally, there's mention of evaluating subsequent events through March 26, 2025, the date of the financial statements, with no adjustments or additional disclosures required as of December 31, 2024. However, the number of fiscal years covered in the financial statements is not specified.
Without a clear indication of the number of fiscal years presented in the financial statements, prospective franchisees should directly inquire with Springhill Suites By Marriott about the specific number of years included. Understanding the historical financial performance over multiple years is crucial for assessing the stability and potential growth of the franchise. This information would typically be found in Item 21 of the FDD.
To make an informed investment decision, it is essential for potential franchisees to review several years of financial statements. This review provides a more comprehensive understanding of the brand's financial health and performance trends. Specifically, franchisees should ask the franchisor to provide the financial statements and related notes for each of the past three fiscal years.