What exhibit number contains SCH's audited financial statements in the Crowne Plaza FDD?

According to Crowne Plaza's 2025 Franchise Disclosure Document, the audited financial statements for SCH (Six Continents Hotels, Inc.), the parent company, are included as Exhibit F-2. These financial statements cover the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.

This is important for prospective Crowne Plaza franchisees because SCH commits to performing certain post-sale obligations for Holiday. Reviewing SCH's financial statements allows potential franchisees to assess the financial stability of the parent company responsible for these obligations. A financially stable parent company is more likely to fulfill its commitments to support the Crowne Plaza franchise system.

Franchisors typically include audited financial statements in their FDDs to provide transparency to potential franchisees. These statements offer insights into the franchisor's financial health, which can influence the franchisee's decision to invest. It is advisable for prospective franchisees to carefully review these statements and consult with a financial advisor to understand the implications for their investment.