What were the total 'Owned and leased' revenues for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
Vacation Club paid membership program, and the Destination Residential Management business prior to sale recognized in other direct costs. Owned and leased includes the change in market performance of the underlying invested assets recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts.
| | | | | Year Ended December 31, 2022
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the segment revenues for 'Owned and leased' locations totaled $1,263 for the year ended December 31, 2022. This figure represents revenues derived from room rentals and services provided at hotels that Caption By Hyatt owns or leases themselves, not franchised locations. This revenue is a component of the total segment revenues, which also includes revenue from management and franchising, as well as distribution.
For a prospective Caption By Hyatt franchisee, this indicates the revenue generated by properties directly operated by the company. While franchisees will not directly share in this revenue, it can provide insight into the potential revenue generation of the Caption By Hyatt business model. Understanding the performance of corporate-owned locations can help franchisees benchmark their own potential performance and assess the overall strength of the brand.
It's important to note that this figure represents revenue only and does not reflect the profitability of these locations. The expenses associated with owned and leased properties, such as operating expenses, are listed separately in the financial statements. Franchisees should also consider these expenses when evaluating the overall financial performance of Caption By Hyatt's owned and leased segment.