What was the reported restricted cash for Caption By Hyatt in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
ecognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment.
Grand Hyatt San Antonio River Walk—During the year ended December 31, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $109 million of cash consideration, net of closing costs; a $19 million HTM debt security as additional consideration; and $18 million from the release of restricted cash held for debt service related to the Series 2005 Bonds. At the time of sale, we ha
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is no specific mention of restricted cash related to the Caption By Hyatt brand. However, the document does mention restricted cash in the context of specific real estate transactions by Hyatt Hotels Corporation. For example, $18 million was released from restricted cash held for debt service related to the Series 2005 Bonds upon the sale of Grand Hyatt San Antonio River Walk in 2022.
While the FDD provides details on various financial aspects of Hyatt Hotels Corporation, it does not break down these figures by individual brand like Caption By Hyatt. A prospective franchisee would need to understand the overall financial health of Hyatt Hotels Corporation, as this can impact the support and resources available to the Caption By Hyatt franchise system.
To obtain information about restricted cash specific to Caption By Hyatt, a prospective franchisee should directly ask the franchisor about any requirements for franchisees to maintain restricted cash accounts, and under what circumstances those funds can be accessed. Further due diligence may involve consulting with a financial advisor to assess the financial implications of any restricted cash requirements.