What exhibit number contains Holiday's audited financial statements in the Crowne Plaza FDD?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit F-1 to this disclosure document includes Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Our parent, SCH, commits to perform certain post-sale obligations for us. Exhibit F-2 to this disclosure document includes SCH's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — Financial Statements (FDD page 99)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza FDD, Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022, are included as Exhibit F-1. This exhibit is a crucial part of the FDD as it provides prospective franchisees with a detailed look into the financial health and performance of the franchisor, Holiday Hospitality Franchising, LLC.
In addition to Holiday's financial statements, the FDD also includes the audited financial statements of Six Continents Hotels, Inc. (SCH), Crowne Plaza's parent company. These are found in Exhibit F-2 and cover the same fiscal years. The inclusion of the parent company's financials is relevant because SCH commits to performing certain post-sale obligations for Holiday, meaning its financial stability is important for the support and services that Crowne Plaza franchisees will receive.
By providing these audited financial statements, Crowne Plaza aims to offer transparency to potential franchisees, allowing them to assess the financial risks and stability associated with investing in a Crowne Plaza franchise. Reviewing these statements is a critical step in the due diligence process for any prospective franchisee.