What is a Caption By Hyatt franchisee acknowledging regarding their investigation of the hotel industry and the franchise opportunity?

According to Caption By Hyatt's 2025 Franchise Disclosure Document, franchisees acknowledge they have independently investigated and evaluated the hotel industry and the Caption By Hyatt franchise opportunity. This includes assessing current and potential market conditions, competitive factors, and risks. The franchisee recognizes that the nature of the hotel business, like any other, will evolve and change over time.

This acknowledgement is significant because it confirms that the franchisee has done their due diligence and is not solely relying on information provided by Caption By Hyatt. It also highlights the inherent risks and potential changes in the hotel industry, which could impact the franchisee's business. By signing the franchise agreement, the franchisee accepts responsibility for understanding these factors and their potential effects on the business.

However, this acknowledgement does not apply if the franchise is subject to state franchise registration and/or disclosure laws in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington or Wisconsin. In those states, the franchisee may have additional protections and rights regarding reliance on statements made by Caption By Hyatt.