What is the Crowne Plaza franchisee's obligation regarding the information provided on the application?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT J-1
EXHIBIT J RECEIPT CROWNE PLAZA/CROWNE PLAZA SUITES/CROWNE PLAZA HOTEL & SUITES/ CROWNE PLAZA RESORT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Holiday Hospitality Franchising, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consider
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
Based on the 2025 Crowne Plaza Franchise Disclosure Document, Exhibit J-1 states that the disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. It emphasizes the importance of carefully reading the disclosure document and all agreements.
Crowne Plaza must provide the disclosure document to the prospective franchisee 14 calendar days before they sign a binding agreement or make a payment to Crowne Plaza or an affiliate related to the franchise sale. This 14-day period allows potential franchisees to thoroughly review the document and seek professional advice before committing to the franchise.
In New York, Crowne Plaza must provide the disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration. This ensures that potential franchisees in New York have ample time to review the document before making any commitments.