factual

Where can I find the current version of the Management Company Documents for a Caption By Hyatt franchise?

Caption_By_Hyatt Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (b) Management Company Documents. As a condition of Hyatt's approval of any Management Company, the Management Company must (i) sign the documents Hyatt requires to protect its intellectual property rights and to reflect the Management Company's agreement to perform its management responsibilities and otherwise operate the Hotel in compliance with this Agreement (collectively, the "Management Company Documents"); and (ii) attend and successfully complete Hyatt's designated then current operator training programs for Brand Hotels, if any. The current version of the Management Company Documents is attached as Exhibit F. Hyatt may refuse to approve a Management Company that is a Competing Brand Owner. If Hyatt has approved a Management Company as of the Effective Date, or if Hyatt has approved Franchisee to manage the Hotel as of the Effective Date, then the approved Management Company (if applicable) is listed on Exhibit B-1.

Source: Item 22 — Contracts (FDD page 85)

What This Means (2025 FDD)

According to the 2025 Caption By Hyatt Franchise Disclosure Document, the current version of the Management Company Documents is attached as Exhibit F. These documents are required to be signed by any Management Company that Hyatt approves, ensuring they protect Hyatt's intellectual property rights and that the Management Company agrees to perform its management responsibilities and operate the hotel in compliance with the Franchise Agreement. This requirement is a condition of Hyatt's approval of any Management Company. Prospective franchisees should carefully review Exhibit F to understand the obligations and responsibilities that will be placed on their Management Company.

It is important to note that Hyatt may refuse to approve a Management Company that is a Competing Brand Owner. If Hyatt has already approved a Management Company or the franchisee to manage the hotel as of the effective date of the agreement, this information will be listed on Exhibit B-1. This ensures transparency regarding who is managing the hotel and whether they meet Hyatt's qualifications.

For a prospective Caption By Hyatt franchisee, understanding these requirements is crucial, especially if they plan to use a Management Company to operate their hotel. They should review Exhibit F carefully and ensure that any Management Company they consider meets Hyatt's standards and is willing to sign the required documents. Additionally, they should check Exhibit B-1 to confirm the status of any already-approved Management Companies.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.