What was the net other income for Caption By Hyatt as of December 31, 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
ceivable was estimated using a Monte Carlo simulation to model the likelihood of achieving the performance-based metrics. The valuation methodology includes assumptions and judgments regarding discount rates and operating results, which are primarily Level Three assumptions.
Other—During the year ended December 31, 2024, we received $16 million of proceeds related to the sale of our ownership interest in an equity method investment and recognized a $12 million pre-tax gain in equity earn
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, there was no specific "net other income" reported for the year ended December 31, 2023. However, the document does mention some financial activities that could be related to other income.
Specifically, the FDD mentions that during the year ended December 31, 2023, Caption By Hyatt "did not have any other activity." This statement appears in a section discussing gains and proceeds from the sale of ownership interests in equity method investments.
Therefore, while there is no explicit figure for "net other income," the provided information indicates that there were no additional activities beyond what was already reported in the financial statements for that period. A prospective franchisee should seek clarification from Caption By Hyatt regarding how "net other income" is defined and reported, and request a detailed breakdown of all income sources for 2023 to fully understand the company's financial performance.