While Hyatt has been silent as to how Caption is/isn't ramping up, I found this [translated] TTG China article from July 10th with a little more light on Caption's plans:

As for the Caption by Hyatt brand created last year, we are currently negotiating a new hotel. We hope that this year's first store will be located in big cities, especially Shanghai. The brand will first take Shanghai, Beijing, Guangzhou, Shenzhen and other central cities as its "base", and then look for opportunities to expand to other regions. By creating comfortable and flexible public spaces, the hotel meets guests' all-round needs for work, dining and social interaction, and stimulates more meaningful dialogues and connections. Although the rooms are relatively small, simple and not luxurious, they can also meet the needs of guests as much as possible.

The article also mentions that Hyatt is in the negotiations phase for a Thompson property in China, so the brand might finally reach beyond the Americas.

khabah