What must a Crowne Plaza licensee do upon any transfer permitted by IHG under Paragraph 9?

According to the 2025 Crowne Plaza Franchise Disclosure Document, if a transfer is permitted by IHG (InterContinental Hotels Group) under Paragraph 9, the licensee must provide a list of the names and addresses of any new owners, members, partners, or stockholders of the licensee. Additionally, the licensee is required to update Attachment "A" of the franchise agreement to reflect these changes in ownership.

This requirement ensures that IHG maintains an accurate record of the current ownership structure of each Crowne Plaza franchise. Attachment A likely contains detailed information about the ownership of the franchise, which IHG relies upon. Keeping this information up-to-date allows IHG to effectively communicate with and manage its franchisees.

For a prospective Crowne Plaza franchisee, this means that any changes in ownership must be properly documented and reported to IHG. Failing to do so could potentially result in a breach of the franchise agreement. It is important to carefully review Paragraph 9 of the franchise agreement to fully understand the conditions under which transfers are permitted and the specific steps required to comply with IHG's requirements.