What was the amount of contract liabilities for Caption By Hyatt in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Accounts payable | $ 1 |
|---|---|
| Accrued expenses and other current liabilities | 5 |
| Current contract liabilities | 19 |
| Long-term contract liabilities | 3 |
| Other long-term liabilities | 7 |
| Total liabilities assumed | $ 35 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, when Hyatt Hotels Corporation acquired certain assets, the current contract liabilities assumed were valued at $19 million. Additionally, the long-term contract liabilities assumed were valued at $3 million. These figures reflect the liabilities assumed by Hyatt Hotels Corporation, Caption By Hyatt's parent company, in relation to the acquisition of other businesses.
These contract liabilities represent obligations that Caption By Hyatt (through its parent company) has to provide goods or services to customers in the future. These liabilities are considered "current" if they are expected to be settled within one year, and "long-term" if they extend beyond one year. For a prospective Caption By Hyatt franchisee, understanding these liabilities can provide insight into the financial obligations and commitments that the company has undertaken.
It's important to note that these figures are part of the consolidated financial statements of Hyatt Hotels Corporation and reflect broader corporate activities, not necessarily the direct operations of the Caption By Hyatt franchise system. Franchisees should focus on understanding how these overall financial obligations of the parent company might indirectly affect the stability and resources available to support the Caption By Hyatt brand.