Where can I find SCH's audited financial statements in the Crowne Plaza FDD?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Our parent, SCH, commits to perform certain post-sale obligations for us.
Source: Item 21 — Financial Statements (FDD page 99)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, SCH's audited financial statements can be found in Exhibit F-2. These statements cover the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. SCH, or Six Continents Hotels, Inc., is Crowne Plaza's parent company and commits to certain post-sale obligations for Crowne Plaza.
Financial statements are a crucial part of the FDD as they provide insight into the financial health and stability of the franchisor and its parent company. Reviewing these statements helps potential franchisees assess the financial risks associated with investing in a Crowne Plaza franchise.
Specifically, SCH's financial statements are relevant because SCH commits to perform certain post-sale obligations for Crowne Plaza. Therefore, the financial stability of SCH directly impacts its ability to fulfill these commitments to franchisees. Prospective franchisees should carefully examine these statements and consult with a financial advisor to fully understand the financial implications.