What is the total minimum lease payments due in 2025 for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
) Certain of our hotel and land leases have nominal or contingent rental payments and are excluded from the weighted-average remaining lease term calculation resulting in a lower weighted-average term.
The maturities of lease liabilities for the next five years and thereafter are as follows:
| 2025 | $ | 41 | $ | 2 |
|---|---|---|---|---|
| 2026 | 37 | 2 | ||
| 2027 | 34 | — | ||
| 2028 | 34 | — | ||
| 2029 | 33 | — | ||
| Thereafter | 174 | — | ||
| Total minimum lease payments | $ | 353 | $ | 4 |
| Less: amount representing interest | (75) | — | ||
| Present value of minimum lease payments | $ | 278 | $ | 4 |
(1) Operating lease payments have not been reduced by $55 million of future sublease receipts.
Lessor—We lease retail space under operating leases at certain of our owned hotels.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
Based on the 2025 FDD, there are two tables that provide figures related to lease payments. One table lists figures in the thousands and the other in millions. The table that lists figures in the thousands shows that the total minimum lease payments for 2025 is $41,000. The table that lists figures in the millions shows that the total minimum lease receipts for 2025 is $5,000,000.
It is important to note that the table providing figures in the thousands also lists total minimum lease payments, less amount representing interest, and present value of minimum lease payments. It is important to understand the difference between lease payments and lease receipts. Lease payments are what Caption By Hyatt pays for leases, while lease receipts are what Caption By Hyatt receives for leases.
A prospective Caption By Hyatt franchisee should carefully review the financial statements and notes within Item 21 of the FDD to fully understand the context of these lease obligations and receipts. Understanding the nature of these payments and receipts is crucial for assessing the financial health and obligations of the company.