What was the total goodwill for Caption By Hyatt at January 1, 2023?

According to Caption By Hyatt's 2025 Franchise Disclosure Document, the total goodwill at January 1, 2023, was $3,266 million. This figure represents the sum of goodwill across various segments, including $1,465 million in management and franchising, $210 million in owned and leased properties, and $1,589 million in distribution.

Goodwill, in accounting terms, represents the intangible assets of a business, such as brand reputation, customer relationships, and proprietary knowledge, that are not separately identifiable. It arises when a company acquires another business for a price higher than the fair market value of its net assets. The goodwill is then recorded on the balance sheet as an asset. For Caption By Hyatt, a significant portion of its goodwill is attributed to its management and franchising segment and distribution networks, reflecting the value it has built in these areas.

The FDD also indicates that Caption By Hyatt monitors goodwill for impairment, and any accumulated impairment losses are deducted from the total goodwill. As of January 1, 2023, the accumulated impairment losses were $165 million, resulting in a net goodwill of $3,101 million. Monitoring and potential impairment of goodwill is an important factor for Caption By Hyatt, as it can affect the company's financial position and profitability.