What is the role of Exhibit B-1 in the Caption By Hyatt franchise agreement?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee is the owner of, or has the right to occupy, certain real property located at the Site identified in Exhibit B-1. Hyatt has the right to grant franchises for Brand Hotels. Franchisee wishes to enter into this Agreement to obtain a franchise to use the Hotel System to operate a Brand Hotel located at the Site. In addition to other terms defined in this Agreement, the initial capitalized terms shall have the meanings set forth in Exhibit A or Exhibit B-1 (as applicable).
Source: Item 22 — Contracts (FDD page 85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, Exhibit B-1 to the Brand Hotel Franchise Agreement outlines the hotel and brand-specific terms. The Franchisee either owns or has the right to occupy the real property located at the site identified in Exhibit B-1. Hyatt has the right to grant franchises for Brand Hotels.
Exhibit B-1 plays a crucial role in defining key elements specific to the franchised Caption By Hyatt hotel, including the site details. Additionally, the initial capitalized terms used throughout the agreement will have the meanings set forth in Exhibit A or Exhibit B-1 (as applicable).
Prospective franchisees should carefully review Exhibit B-1 to understand the specific obligations and rights tied to their hotel's location and brand characteristics. Understanding these terms is essential for the successful operation of a Caption By Hyatt franchise.