What was the balance for Crowne Plaza at the end of December 31, 2022?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance at December 31, 2021 | $ 480,384 |
|---|---|
| Net income (Revised ¹) | 450,512 |
| Other comprehensive income (Revised ¹) | 11,363 |
| Share-based payment compensation | 16,000 |
| Change in balances with affiliates offset against Parent's Investment | (633,955) |
| Capital contributions related to income tax provisions | 184,357 |
| Balance at December 31, 2022 | 508,661 |
| Balance at December 31, 2021 | $ 653,879,128 |
|---|---|
| Net income | 43,449,141 |
| Balance at December 31, 2022 | 697,328,269 |
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, there are two different balances reported for December 31, 2022. One balance is $508,661, while the other is $697,328,269. It is important to note that the FDD does not specify what these balances refer to, so a prospective franchisee should ask the franchisor for clarification.
Understanding the context of these balances is crucial for potential franchisees. The FDD excerpts present various financial figures, including net income, other comprehensive income, share-based payment compensation, changes in balances with affiliates, and capital contributions related to income tax provisions. These factors all contribute to the overall financial health and stability of Crowne Plaza.
For a prospective franchisee, it is essential to understand what these balances represent in order to assess the financial performance and stability of the franchise system. Further investigation and clarification from the franchisor are necessary to make an informed decision about investing in a Crowne Plaza franchise.