What must an applicant submit through the online portal when applying for a Caption By Hyatt franchise?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
Before signing the Franchise Agreement, and while you apply for franchise rights, you must submit a franchise application (Exhibit B) through our online application portal and pay the application fee. We will refund the application fee less a fee to cover our costs if you withdraw your franchise application before we approve it or if we do not approve it. During your evaluation process, and before receiving any Confidential Information, you must sign the Confidentiality Agreement (Exhibit F) (the "Confidentiality Agreement"). Because we may engage in negotiations with you and other franchisees, you may sign a Franchise Agreement with us that differs significantly from the agreements that other franchisees sign for Brand Hotels.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–14)
What This Means (2025 FDD)
According to the 2025 Caption By Hyatt Franchise Disclosure Document, before signing the Franchise Agreement and while applying for franchise rights, an applicant must submit a franchise application through the online application portal and pay the application fee. The franchise application is included as Exhibit B in the FDD. If the application is withdrawn before approval or is not approved, Caption By Hyatt will refund the application fee, less a fee to cover their costs.
During the evaluation process, and before receiving any Confidential Information, the applicant must sign the Confidentiality Agreement, which is included as Exhibit F in the FDD. This agreement protects Caption By Hyatt's sensitive business information during the period of due diligence and assessment.
It's important to note that the Franchise Agreement signed by a franchisee may differ significantly from agreements signed by other franchisees for Brand Hotels. This indicates that Caption By Hyatt may negotiate terms on an individual basis, which is not uncommon in the franchise industry, especially for larger or more experienced franchisees.