What is the proceeds from construction loans for Surestay Hotel By Best Western in 2023 (in thousands)?

According to Surestay Hotel By Best Western's 2025 Franchise Disclosure Document, the proceeds from construction loans in 2023 were $1,135,000. This figure reflects the cash inflow that Best Western International, Inc. and its consolidated subsidiaries received from construction loans during the specified period.

For a prospective Surestay Hotel By Best Western franchisee, this information provides insight into the company's financing activities and its ability to secure loans for construction purposes. It's important to note that these proceeds are at the corporate level and not directly indicative of what an individual franchisee might obtain for their own construction loans. However, it can signal the financial health and creditworthiness of the parent company, which could indirectly impact a franchisee's ability to secure financing.

The FDD also shows that the repayment of construction loans in 2023 was $(456,000). This indicates that while the company secured $1,135,000 in construction loans, it also repaid $456,000 during the same year. The net cash provided by financing activities in 2023 was $679,000.

It is important for potential franchisees to review the entire financial statement and consider these figures in the context of Surestay Hotel By Best Western's overall financial condition and strategy. Further due diligence, including consulting with financial advisors, is recommended to understand the implications of these financing activities on the franchise system and individual franchise investments.