When is the Capital Reserve fee payment due for a Crowne Plaza franchise?

According to Crowne Plaza's 2025 Franchise Disclosure Document, the Capital Reserve fee, if required by Holiday, is due monthly. The amount can be up to 5% of Gross Revenue, as detailed in Paragraph 13.O of the license agreement.

This reserve is intended for capital expenditures and upgrades to the hotel, including renovations of public areas, guest rooms, corridors, and replacement of furniture, fixtures, and equipment. The establishment of this reserve is not always mandatory but can be imposed or changed periodically by Holiday.

Crowne Plaza franchisees will receive at least ninety days' notice before any establishment or change in the Capital Reserve requirements. It's important to note that the Capital Reserve may not always be sufficient to cover all maintenance and upgrade costs needed to maintain the hotel to the required standards, and franchisees may need to provide additional funds to meet these requirements.