How can the Caption By Hyatt Franchise Agreement be amended?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, Owner owns or will own the [BRAND] Hotel, which is or will be located at, | | , (the "Property"), and the Property is operated pursuant to a franchise agreement | | between Owner and Hyatt (as it may be amended, "Franchise Agreement"); |
-
- The provisions of this Comfort Letter are not intended to, and do not in any way, alter, modify or amend the Franchise Agreement as between Hyatt and Franchisee.
Source: Item 23 — Receipts (FDD pages 85–349)
What This Means (2025 FDD)
The 2025 Caption By Hyatt Franchise Disclosure Document (FDD) does not explicitly detail the general process for amending the Franchise Agreement itself. However, it does state that a specific agreement, the Hosting Services Agreement, can be amended. According to the FDD, the Franchise Agreement between the Owner (franchisee) and Hyatt may be amended. This is referenced within the context of a Hosting Services Agreement, which is related to the Franchise Agreement. The Hosting Services Agreement itself is tied to the Franchise Agreement, indicating that changes to one agreement could potentially affect the other.
Furthermore, the Comfort Letter agreement involving Hyatt, the franchisee, and a lender specifies that the provisions within the Comfort Letter do not alter, modify, or amend the Franchise Agreement between Hyatt and the franchisee. This suggests that while ancillary agreements exist, they are designed to operate independently without directly changing the core Franchise Agreement.
Prospective Caption By Hyatt franchisees should directly ask the franchisor about the specific procedures and conditions required to modify the Franchise Agreement. Understanding the amendment process is crucial for addressing potential future needs or changes in circumstances that may require adjustments to the original agreement.