What exhibit contains the unaudited consolidated financial statements of Hyatt Hotels Corporation for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit A-1 are the audited consolidated financial statements of our parent company, Hyatt Hotels Corporation, as of December 31, 2024 and 2023 and for the fiscal years ended December 31, 2024, 2023, and 2022. Attached as Exhibit A-2 are the unaudited consolidated financial statements of Hyatt Hotels Corporation as of and for the period ending March 31, 2025.
Hyatt Hotels Corporation absolutely and unconditionally guarantees the performance of our obligations to franchisees under the Franchise Agreement. The Guarantee of Performance also is included in Exhibit A-1.
Source: Item 21 — Financial Statements (FDD page 85)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the unaudited consolidated financial statements of Hyatt Hotels Corporation as of and for the period ending March 31, 2025, are included as Exhibit A-2. The FDD also states that the audited consolidated financial statements of Hyatt Hotels Corporation as of December 31, 2024 and 2023, and for the fiscal years ended December 31, 2024, 2023, and 2022 are attached as Exhibit A-1.
It is important for prospective franchisees to review these financial statements to assess the financial stability and performance of Hyatt Hotels Corporation, as it serves as The Standardx's parent company. Understanding the parent company's financial health can provide insights into the resources and support available to The Standardx franchise system.
Furthermore, the FDD mentions that Hyatt Hotels Corporation guarantees the performance of The Standardx's obligations to franchisees under the Franchise Agreement. This guarantee, also included in Exhibit A-1, adds another layer of security for franchisees, ensuring that the franchisor will fulfill its commitments. Therefore, reviewing both exhibits is crucial for understanding the financial backing and guarantees associated with The Standardx franchise.