What is the current fee for the General Manager University training program for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| General Manager University | Currently $2,700 per newly hired or promoted general manager, but could increase if costs increase | As incurred | Required training program for all newly hired or recently promoted general managers. In addition to the fee for attendance, you must pay the travel, lodging and other expenses for your attendees |
Source: Item 6 — Other Fees (FDD pages 20–36)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the current fee for the General Manager University is $2,700 per newly hired or promoted general manager. This fee is subject to increase if Caption By Hyatt's costs increase.
This training program is mandatory for all newly hired or recently promoted general managers. In addition to the $2,700 fee, the franchisee is responsible for covering the travel, lodging, and other related expenses for their general manager to attend the training.
It is important for prospective Caption By Hyatt franchisees to factor in not only the initial training fee but also the ongoing costs associated with training and development for their staff, especially when a new general manager is hired or promoted. These costs can impact the overall profitability of the franchise and should be carefully considered in the financial planning process.