What was the amount of depreciation and amortization for Caption By Hyatt in 2023?
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 year ended December 31, 2023, were $397 million. This figure reflects the accounting measure of allocating the cost of tangible and intangible assets over their useful lives.
For a prospective Caption By Hyatt franchisee, understanding depreciation and amortization is crucial as it impacts the profitability calculations. While it's a non-cash expense, it reduces the taxable income, thus affecting the net profit. The depreciation and amortization can arise from various assets, including buildings, equipment, and franchise rights, all of which are essential for the operation of a Caption By Hyatt franchise.
It's important to note that this figure represents the consolidated depreciation and amortization for Hyatt Hotels Corporation, which includes Caption By Hyatt along with other brands and segments. Franchisees should consider how these expenses are allocated at the franchise level to accurately assess their financial performance. Reviewing the notes to the financial statements for more detailed information on the types of assets being depreciated and amortized can provide further clarity.