What is the deadline for a Caption By Hyatt franchisee to open and begin operating the Hotel?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must open and begin operating the Hotel under the Hotel System and in affiliation with the Proprietary Marks on or before the Opening Deadline.
Franchisee may request an extension of the Opening Deadline by submitting to Hyatt, at least three (3) months before the Opening Deadline, a written request for extension and an extension fee in the amount set forth in Exhibit B-1.
If Hyatt approves the extension, Hyatt will set a new Opening Deadline, the extension fee will be non-refundable, and Hyatt may (at its option) require Franchisee to modify any previously-approved plans, construction documents, or the PIP (as applicable), to comply with the then current design, equipment and other aspects of the Hotel System.
If Hyatt denies the extension, Hyatt will refund the extension fee.
Franchisee shall indemnify Hyatt for all costs and expenses that Hyatt incurs directly or indirectly as a result of Franchisee's failure to open the Hotel on or before the anticipated Opening Date specified by Franchisee or the Opening Deadline, whichever is earlier, including any amounts that Hyatt pays with respect to customers whose reservations at the Hotel are cancelled.
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, a franchisee must open and begin operating the Hotel under the Hotel System and in affiliation with the Proprietary Marks on or before the Opening Deadline. The franchisee can request an extension of the Opening Deadline by submitting a written request to Hyatt at least three months before the Opening Deadline, along with an extension fee as outlined in Exhibit B-1.
If Caption By Hyatt approves the extension, they will set a new Opening Deadline. The extension fee is non-refundable, and Hyatt may require the franchisee to modify any previously-approved plans, construction documents, or the PIP to comply with the current standards of the Hotel System. If Hyatt denies the extension, the extension fee will be refunded to the franchisee.
The franchisee is responsible for indemnifying Hyatt for all costs and expenses Hyatt incurs due to the franchisee's failure to open the Hotel on or before the anticipated Opening Date specified by the franchisee or the Opening Deadline, whichever is earlier. This includes any amounts Hyatt pays concerning customers whose reservations at the Hotel are canceled.