What was the amount of capital expenditures for Caption By Hyatt in 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
of approximately 17 years.
During the year ended December 31, 2023, we recognized $7 million of transaction costs, primarily related to regulatory, financial advisory, and legal fees, in transaction and integration costs on our consolidated statements of income.
Hyatt Regency Irvine—During the year ended December 31, 2022, we acquired Hyatt Regency Irvine from an unrelated third party for $135 million, net of closing costs and proration adjustments. Upon completion of the asset acquisition, we recorded $135 million of property and equipment within our owned and leased segment on our consolidated balance sheet.
Dispositions
Hyatt Regency O'Hare Chicago—During the year ended December 31, 2024, we sold Hyatt Regency O'Hare Chicago to an unrelated third party and accounted for the transaction as an asset disposition. We received $11 million of proceeds, net of closing costs and proration adjustments, issued a $20 million secured financing receivable with a maturity date of five years (see Note 6), and committed to loan up to $45 million for a future renovation. Upon sale, we entered into a long-term franchise agreement for the property. The sale resulted in a $5 mi
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document does not explicitly state the capital expenditures for Caption By Hyatt in 2022. However, the document includes information on various transactions and financial activities of Hyatt Hotels Corporation and its subsidiaries. For example, it mentions the acquisition of Hyatt Regency Irvine for $135 million in 2022, which was recorded as property and equipment. It also details several dispositions of properties, such as the sales of The Confidante Miami Beach for approximately $227 million and The Driskill for approximately $119 million, both in 2022.
While these transactions provide insight into Hyatt's investment and divestment activities, they do not isolate the specific capital expenditures related to the Caption By Hyatt brand. The financial statements included in Item 21 provide consolidated figures for Hyatt Hotels Corporation, including net income, earnings per share, and changes in stockholders' equity, but these are not broken down by brand.
A prospective Caption By Hyatt franchisee should inquire directly with the franchisor to obtain detailed information on capital expenditures for the brand, as this information is not clearly delineated in the provided FDD excerpts. Understanding these costs is crucial for assessing the financial feasibility of investing in a Caption By Hyatt franchise.