What was the total amount of 'Revenues for reimbursed costs' for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
Revenues for reimbursed costs—Revenues for reimbursed costs represent the reimbursement of costs incurred on behalf of third-party owners and franchisees.
These reimbursed costs relate primarily to payroll at managed properties where we are the employer, as well as costs associated with system-wide services and the loyalty program operated on behalf of owners.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
I am unable to provide the specific total amount of 'Revenues for reimbursed costs' for Caption By Hyatt, as this information is not present within the provided excerpts from the 2025 Franchise Disclosure Document. While the document mentions 'revenues for reimbursed costs,' it does not provide the actual figures for this revenue stream.
The FDD does, however, define 'Revenues for reimbursed costs' as the reimbursement of costs incurred by Caption By Hyatt on behalf of third-party owners and franchisees. These costs primarily relate to payroll at managed properties where Caption By Hyatt is the employer, as well as costs associated with system-wide services and the loyalty program operated on behalf of owners.
A prospective Caption By Hyatt franchisee should directly ask the franchisor for the specific financial figures related to 'revenues for reimbursed costs' over the past several years. Understanding the magnitude of these reimbursed costs and how they are managed is crucial for assessing the overall financial health and operational efficiency of the Caption By Hyatt franchise system.