What is the estimated cost for Land for a 250-room Crowne Plaza or Crowne Plaza Suites hotel?

Question

Accepted Answer

| TYPE OF FEE |  |  |  |
|---|---|---|---|
|  |  |  |  |
| Royalty | 5% of Gross Rooms Revenue (“GRR”) | Monthly, on the 15th of the following month (Payable to Holiday) | Note 1 |
| Services Contribution | 3% of GRR | Same as Royalty | Note 2 |
| Initial Marketing Contribution for the Loyalty Program | $10.00 per approved guest room. | At same time as 1st Royalty Payment (one-time charge) (Payable to SCH) | Note 3 |
| Loyalty Program Contribution | 4.55% of Qualifying Full Folio Revenue from Loyalty Program members 1.365% of GRR on Qualifying Room and Meeting Revenue from Loyalty Program members | Same date as Royalty (Payable to SCH) | Note 3 |
| Capital Reserve | Up to 5% of Gross Revenue (see Paragraph 13.O of License). | Monthly if required by Holiday | Note 4 |
| Technology Services Fee | $17.40 per room, per month. | Monthly (Payable to SCH) | Note 5 |
| Revenue Management System: IHG Concerto™, Yielding & Price Optimization; or Revenue Analytics’ N2 Pricing | Costs of between $30 and $120 per month may apply for competitive rate insight shopping. For hotels currently subscribing to RevenueStrategy360, these costs may be waived. | Monthly (Payable to SCH) | Note 6 & Item 11 |
| TYPE OF FEE |  |  |  |
|  | AMOUNT $2,500 /standard • Fail fourth quarter = Assess $5,000/standard • Capped at $5,000 per quarter | DUE DATE | REMARKS |
| Employee Engagement Survey | $7 to $12 per employee each year | Annually (Payable to designated third party provider) | Note 25 |
| F&B POS Support | $45.00 per workstation per month | Monthly (Payable to an approved supplier) | Note 7 |
| Comfort Letter Processing Fee | $2,500 for the preparation and processing of any mezzanine, replacement or subsequent comfort letters after the initial senior lender letter. | Upon Demand (Payable to Holiday) | IHG may waive this fee in its sole discretion. |
| Qualifying Room and Meeting Revenue includes Hotel revenue from accommodation (room only |  |  |  |
| booked on behalf of others via the IHG Business Rewards) and/or Hotel revenue from rental of guest |  |  |  |
| rooms, meetings, social, or catered events to include revenue from meeting room hire, food and |  |  |  |
| beverage, and/or other revenue associated with the meeting or event at the hotel’s discretion (formerly |  |  |  |
| known as IHG | ® Meeting Rewards) | . IHG® Business Rewards points are capped at 60,000 per meeting |  |
| or event, while the Hotel has sole discretion to award more than 60,000 points for any such meeting or |  |  |  |
| event. | IHG One Rewards Measured Standards are |  |  |
| measured and enforced by the Loyalty Program to ensure consistency in the delivery of the program |  |  |  |
| to its members. Standards are based on calendar quarter thresholds. Hotels are measured at the end |  |  |  |
| of each calendar quarter for compliance. If a Hotel fails to meet the threshold for a quarter, it will have |  |  |  |
| ESTIMATE FOR A 250-ROOM CROWNE PLAZA OR CROWNE PLAZA SUITES HOTEL: |  |  |  |
| 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 |  |
| Property Improvement Plan | $ 0 to $10,000 | Before you | H oliday |
| (“PIP”) fee |  | submit your |  |
| (Note 1) |  | application |  |
| Land (3 1/2 to 5 acres) |  | As requi

Source: Item 6 — OTHER FEES (FDD pages 31–51)

What is the estimated cost for Land for a 250-room Crowne Plaza or Crowne Plaza Suites hotel?

Answer from 2025 FDD Document

What This Means (2025 FDD)

TYPE OF FEE

Royalty	5% of Gross Rooms Revenue (“GRR”)	Monthly, on the 15th of the following month (Payable to Holiday)	Note 1
Services Contribution	3% of GRR	Same as Royalty	Note 2
Initial Marketing Contribution for the Loyalty Program	$10.00 per approved guest room.	At same time as 1st Royalty Payment (one-time charge) (Payable to SCH)	Note 3
Loyalty Program Contribution	4.55% of Qualifying Full Folio Revenue from Loyalty Program members 1.365% of GRR on Qualifying Room and Meeting Revenue from Loyalty Program members	Same date as Royalty (Payable to SCH)	Note 3
Capital Reserve	Up to 5% of Gross Revenue (see Paragraph 13.O of License).	Monthly if required by Holiday	Note 4
Technology Services Fee	$17.40 per room, per month.	Monthly (Payable to SCH)	Note 5
Revenue Management System: IHG Concerto™, Yielding & Price Optimization; or Revenue Analytics’ N2 Pricing	Costs of between $30 and $120 per month may apply for competitive rate insight shopping. For hotels currently subscribing to RevenueStrategy360, these costs may be waived.	Monthly (Payable to SCH)	Note 6 & Item 11
TYPE OF FEE
	AMOUNT $2,500 /standard • Fail fourth quarter = Assess $5,000/standard • Capped at $5,000 per quarter	DUE DATE	REMARKS
Employee Engagement Survey	$7 to $12 per employee each year	Annually (Payable to designated third party provider)	Note 25
F&B POS Support	$45.00 per workstation per month	Monthly (Payable to an approved supplier)	Note 7
Comfort Letter Processing Fee	$2,500 for the preparation and processing of any mezzanine, replacement or subsequent comfort letters after the initial senior lender letter.	Upon Demand (Payable to Holiday)	IHG may waive this fee in its sole discretion.
Qualifying Room and Meeting Revenue includes Hotel revenue from accommodation (room only
booked on behalf of others via the IHG Business Rewards) and/or Hotel revenue from rental of guest
rooms, meetings, social, or catered events to include revenue from meeting room hire, food and
beverage, and/or other revenue associated with the meeting or event at the hotel’s discretion (formerly
known as IHG	® Meeting Rewards)	. IHG® Business Rewards points are capped at 60,000 per meeting
or event, while the Hotel has sole discretion to award more than 60,000 points for any such meeting or
event.	IHG One Rewards Measured Standards are
measured and enforced by the Loyalty Program to ensure consistency in the delivery of the program
to its members. Standards are based on calendar quarter thresholds. Hotels are measured at the end
of each calendar quarter for compliance. If a Hotel fails to meet the threshold for a quarter, it will have
ESTIMATE FOR A 250-ROOM CROWNE PLAZA OR CROWNE PLAZA SUITES HOTEL:
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
Property Improvement Plan	$ 0 to $10,000	Before you	H oliday
(“PIP”) fee		submit your
(Note 1)		application
Land (3 1/2 to 5 acres)		As requi