What is the IT Project Management Services Fee for a Caption By Hyatt franchise?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
- (b) Franchisee shall pay Hyatt the "IT Project Management Services Fee" set forth in Exhibit B-1, plus any applicable taxes thereon.
The IT Project Management Services Fee is non-refundable.
Franchisee shall reimburse Hyatt's or its Affiliate's reasonable expenses in connection with rendering the IT Project Management Services, including any necessary transportation, lodging and meals, plus applicable taxes thereon.
The IT Project Management Services Fee (including expenses) will be invoiced by Hyatt no earlier than: (i) Hyatt's completion of the IT Project Management Services or (ii) upon Franchisee's termination of the Hotel development project or the IT Project Management Services, for any reason, in either event regardless of whether Hyatt has approved the Hotel for opening.
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to the 2025 Caption By Hyatt Franchise Disclosure Document, franchisees are required to pay an "IT Project Management Services Fee" as detailed in Exhibit B-1. This fee is in addition to any applicable taxes. The FDD specifies that this fee is non-refundable.
Furthermore, franchisees must reimburse Caption By Hyatt or its affiliates for reasonable expenses incurred while providing these IT Project Management Services. These reimbursable expenses include transportation, lodging, and meals, along with any applicable taxes.
The IT Project Management Services Fee, including associated expenses, will be invoiced by Caption By Hyatt either upon completion of the IT Project Management Services or if the franchisee terminates the hotel development project or the IT Project Management Services, regardless of whether Caption By Hyatt has approved the hotel for opening.