What was the amount of depreciation and amortization for Caption By Hyatt in 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
esidential Management business recognized in other direct costs. Owned and leased includes the change in market performance of the underlying invested assets recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts.
The following table provides a reconciliation of segment Adjusted EBITDA to income before income taxes:
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Segment Adjusted EBITDA | $ | 1,255 | $ | 1,231 $ | 1,105 | |||
| Unallocated overhead expenses | (160) | (177) | (170) | |||||
| Eliminations | 1 | 1 | 1 | |||||
| Contra revenue | (69) | (47) | (31) | |||||
| Revenues for reimbursed costs | 3,352 | 3,058 | 2,620 | |||||
| Stock-based compensation expense (Note 17) (1) | (62) | (75) | (60) | |||||
| Transaction and integration costs | (42) | (42) | (35) | |||||
| Depreciation and amortization | (333) | (397) | (426) | |||||
| Reimbursed costs | (3,457) | (3,144) | (2,632) | |||||
| Equity earnings (losses) from unconsolidated hospitality ventures | 31 | (1) | 5 | |||||
| Interest expense | (180) | (145) | (150) | |||||
| Gains (losses) on sales of real |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the depreciation and amortization expenses for the years ending December 31, 2022, was $(426) million.
This figure represents the accounting expense recognized by Hyatt Hotels Corporation for the reduction in value of its tangible (depreciation) and intangible (amortization) assets over that year. These are non-cash expenses that reflect the allocation of the cost of assets over their useful lives.
For a prospective Caption By Hyatt franchisee, understanding depreciation and amortization is crucial because it impacts the overall financial performance of the franchisor, which can indirectly affect the franchise system. While franchisees do not directly pay these expenses of the franchisor, the franchisor's financial health and decisions regarding asset management can influence the support, resources, and brand strength available to franchisees.