What year did Caption By Hyatt sell Hyatt Regency San Antonio Riverwalk?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
oss (see Note 16), which was recognized in gains (losses) on sales of real estate and other on our consolidated statements of income during the year ended December 31, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment.
Hyatt Regency San Antonio Riverwalk—During the year ended December 31, 2024, we sold Hyatt Regency San Antonio Riverwalk to an unrelated third party for $226 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $100 mi
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, Hyatt Regency San Antonio Riverwalk was sold during the year ended December 31, 2024. The sale was to an unrelated third party for $226 million, net of closing costs and proration adjustments. Caption By Hyatt accounted for this transaction as an asset disposition.
Upon the sale of the Hyatt Regency San Antonio Riverwalk, Caption By Hyatt entered into a long-term management agreement for the property. The sale resulted in a $100 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on Caption By Hyatt's consolidated statements of income during the year ended December 31, 2024.
The financial statements also clarify that the operating results and financial position of the Hyatt Regency San Antonio Riverwalk prior to the sale remain within Caption By Hyatt's owned and leased segment. This provides insight into how Caption By Hyatt manages its assets and recognizes gains or losses from property sales.