Are the financial statements for The Standardx included in the Disclosure Document audited or unaudited?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
ed 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.
Item 22
CONTRACTS
The following agreements are attached as exhibits to this disclosure document:
| Exhibit L | State-Specific Riders to agreements, including form of release used |
|---|---|
| upon renewal or transfer |
Item 23
RECEIPTS
Our and your copies of the Franchise Disclosure Document Receipt are the last 2 pages of this disclosure document.
Source: Item 21 — Financial Statements (FDD page 85)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the financial statements of its parent company, Hyatt Hotels Corporation, are included as Exhibit A-1 and are audited. Specifically, the document references 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.
In addition to the audited statements of Hyatt Hotels Corporation, the 2025 FDD includes unaudited consolidated financial statements of Hyatt Hotels Corporation as of and for the period ending March 31, 2025, as Exhibit A-2. The inclusion of both audited annual statements and unaudited interim statements is a common practice in franchise disclosure documents, providing a more complete financial picture.
Furthermore, the FDD includes Hyatt Franchising, L.L.C.'s unaudited balance sheet as of December 31, 2024. This balance sheet is included as an amendment to Item 21 for franchisees in California. Therefore, prospective franchisees should note that while the parent company's financial statements are audited, some financial information, particularly the balance sheet for Hyatt Franchising, L.L.C., is unaudited.