Are the financial statements for Holiday and SCH included in the Crowne Plaza FDD audited?

According to the 2025 Crowne Plaza FDD, the financial statements for both Holiday and SCH are indeed audited. Specifically, Exhibit F-1 includes Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. Similarly, Exhibit F-2 contains SCH's audited financial statements for the same fiscal years.

This inclusion of audited financial statements is a standard practice in franchising, as it provides prospective franchisees with a degree of financial transparency and assurance. The audit indicates that an independent accounting firm has reviewed the financial records of Holiday and SCH and has expressed an opinion on their fairness and accuracy.

For a prospective Crowne Plaza franchisee, this means they can review these audited statements to gain insights into the financial health and performance of the parent company (SCH) and the specific franchising entity (Holiday). This information can be valuable in assessing the overall stability and potential risks associated with investing in a Crowne Plaza franchise. Franchisees should carefully examine these statements and consult with a financial advisor to fully understand their implications.