Since when has Deloitte & Touche LLP served as the auditor for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Stockholders and the Board of Directors of Hyatt Hotels Corporation
Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Hyatt Hotels Corporation and subsidiaries (the "Company") as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income, stockholders' equity and noncontrolling interests, and cash flows, for each of the three years in the period ended December 31, 2024, and the related notes and the financial statement schedule listed in the Index at Item 15 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the Report of Independent Registered Public Accounting Firm states that Deloitte & Touche LLP audited the consolidated balance sheets of Hyatt Hotels Corporation and subsidiaries as of December 31, 2024 and 2023. They also audited the related consolidated statements of income, comprehensive income, stockholders' equity and noncontrolling interests, and cash flows, for each of the three years in the period ended December 31, 2024.
This indicates that Deloitte & Touche LLP has served as the independent auditor for Caption By Hyatt, or more precisely, its parent company Hyatt Hotels Corporation, for at least the past three years, from 2022 through 2024. The audit includes examination of the financial statements and related notes, providing an opinion on the fairness and conformity of these statements with accounting principles generally accepted in the United States of America.
For a prospective Caption By Hyatt franchisee, this information provides assurance that the financial statements of the parent company have been reviewed by an independent accounting firm. This can be important for assessing the financial stability and performance of the overall organization. Franchisees typically rely on the audited financial statements to gain confidence in the financial health of the franchisor.