To whom is the application fee for a Crowne Plaza paid?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment and When Due | To Whom Payment Is to be Made |
|---|---|---|---|
| Application Fee | $125,000 | Lump sum with | H oliday |
| (Note 1) | application |
Source: Item 7 — Estimated Initial Investment (FDD pages 51–59)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, the application fee is paid to Holiday. This fee, which amounts to $125,000, is due in a lump sum when the application is submitted.
This is a significant upfront cost that prospective franchisees must be prepared to pay. It's important to note that this fee is non-refundable, regardless of whether the application is approved or not. Franchisees should ensure they have the necessary capital before applying for a Crowne Plaza franchise.
In addition to the application fee, franchisees should also be aware of other initial investment costs, such as the Property Improvement Plan (PIP) fee, land acquisition, building construction, and furniture, fixtures, and equipment. These costs can range from several million dollars, making it crucial for franchisees to have a solid financial plan in place.