Comfort Inn 2013 Annual Report Download - page 86
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amortization
3,706
Total
$13,473
Franchise rights represent the unamortized purchase price assigned to acquire long-term franchise contracts. As of December 31, 2013 and 2012, the
unamortized balance relates primarily to the Econo Lodge, Suburban Extended Stay Hotel and Choice Hotels Australasia franchise rights. The franchise rights
are being amortized over lives ranging from 5 to 25 years. Amortization expense for the years ended December 31, 2013, 2012 and 2011 amounted to $3.5
million, $3.7 million and $3.6 million, respectively. Franchise rights are net of accumulated amortization of $76.4 million and $74.0 million at December 31,
2013 and 2012, respectively.
The estimated annual amortization expense related to the Company’s franchise rights for each of the years ending December 31, 2014 through 2018 is as
follows:
2014 $3.2
2015 $ 2.2
2016 $ 0.3
2017 $0.2
2018 $ —
84