What years are covered in the statements of income for Springhill Suites By Marriott?

Based on the 2025 Franchise Disclosure Document, the financial statements for MIF, L.L.C., which are related to franchise and license agreements, are evaluated up to March 26, 2025. These statements include recognition and disclosure through December 31, 2024. The document states that there were no recognized or unrecognized events that would require an adjustment or additional disclosure as of December 31, 2024.

This means that the financial overview provided is current up to the end of 2024, offering a recent snapshot of the company's financial health. Prospective franchisees can rely on this information to understand the financial standing of SpringHill Suites By Marriott as of the end of the previous year. However, it is important to note that the evaluation extends to March 26, 2025, indicating that any subsequent events until that date have been considered for their potential impact on the financial statements.

For a franchisee, this information is crucial for assessing the stability and reliability of the financial data presented. Knowing that the financials have been reviewed for events post-year-end provides additional assurance. However, franchisees should also be aware that the FDD does not include income statements for specific years, but rather a statement regarding the evaluation of subsequent events through March 26, 2025, in relation to the financial statements as of December 31, 2024. To get a better understanding of the financial performance over time, a prospective franchisee should ask the franchisor for income statements covering multiple years.