When is the new development application fee due for a Caption By Hyatt franchise?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| . Type of expenditure | Amount | Method of Payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| New development application fee or change of ownership application fee(1) | $95,000 to $150,000 | Lump sum | Upon signing franchise application | Us |
Source: Item 7 — Estimated Initial Investment (FDD pages 36–40)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the new development application fee, which ranges from $95,000 to $150,000, is due upon signing the franchise application. This fee is paid in a lump sum directly to Caption By Hyatt. The application fee is for a Brand Hotel with 125 to 300 guest rooms, and Item 5 of the FDD describes the application fee and the conditions for its refund.
This upfront payment is a significant part of the initial investment for a Caption By Hyatt franchise. It's important for prospective franchisees to understand the conditions under which this fee may be refundable, as outlined in Item 5 of the FDD. Franchisees should factor this non-refundable portion into their financial planning.
Understanding the timing and amount of this fee is crucial for budgeting and ensuring sufficient capital is available when starting the franchise process. It is also important to note that the application fee covers hotels with 125 to 300 guest rooms, so this fee may vary if the hotel size falls outside of this range.