What was the total amount of Caption By Hyatt's guarantee liabilities as of December 31, 2023?

According to Caption By Hyatt's 2025 Franchise Disclosure Document, the company had total guarantee liabilities of $142 million as of December 31, 2023. This figure represents Caption By Hyatt's financial obligations related to guarantees it has provided. These liabilities are recorded as part of the company's other long-term liabilities on its consolidated balance sheet.

For a prospective Caption By Hyatt franchisee, understanding the franchisor's guarantee liabilities can provide insight into the company's financial health and its potential obligations. It demonstrates the financial commitments Caption By Hyatt has made to third parties, which could indirectly affect its ability to support its franchisees or invest in the brand. Franchisees should consider these liabilities as part of their overall assessment of the franchisor's financial stability.

It's important to note that these guarantee liabilities are part of Caption By Hyatt's broader financial picture, which includes other long-term liabilities such as deferred compensation plans, income taxes payable, contingent consideration liabilities, deferred income taxes, and self-insurance liabilities. Reviewing the notes to the consolidated financial statements (Note 15) provides further details on the nature and terms of these guarantees. A potential franchisee should consult with a financial advisor to fully understand the implications of these liabilities on Caption By Hyatt's financial condition and future performance.