What specific trade name did Caption By Hyatt acquire in the Bahia Principe transaction?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
The acquisition includes management and hotel services agreements for operating hotels and the Bahia Principe trade name. In addition, the acquisition contemplates the future management of undeveloped Bahia Principe Hotels & Resortsbranded properties. For the period from the acquisition date through December 31, 2024, total revenues and net income attributable to Bahia Principe were insignificant.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, as part of the Bahia Principe transaction, Caption By Hyatt acquired the "Bahia Principe trade name". The acquisition also incorporates management and hotel services agreements for operating hotels. Additionally, the acquisition anticipates the future management of properties branded as Bahia Principe Hotels & Resorts.
This acquisition broadens Caption By Hyatt's all-inclusive portfolio, offering guests and loyalty program members more all-inclusive travel options. Caption By Hyatt has entered into agreements to provide commercial and management support services to support the growth of the Bahia Principe brand and the operation of Bahia Principe Hotels & Resorts-branded properties.
During the year ended December 31, 2024, Caption By Hyatt entered into a shareholders' agreement and acquired 50% of the outstanding shares of Management Hotelero Piñero, S.L. The joint venture owns the Bahia Principe brand and manages Bahia Principe Hotels & Resorts-branded properties.