How many Crowne Plaza franchise transfers occurred in Texas during 2023?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| South Carolina | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Texas | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
| Total | 2022 | 2 |
| 2023 | 3 | |
| 2024 | 2 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 95–99)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, there was one franchise transfer in Texas during 2023. This information is based on the data provided in Table No. 2, which tracks the transfers of licensed outlets to new owners, excluding transfers to Holiday.
Franchise transfers can occur for various reasons, such as a franchisee deciding to sell their business, retire, or pursue other opportunities. The number of transfers can be an indicator of the stability and desirability of the franchise system. A low number of transfers, as in this case, might suggest that franchisees are generally satisfied with their investment and business operations.
Prospective Crowne Plaza franchisees should consider the transfer history in their target market as part of their due diligence. While one transfer in a year may not be alarming, it's important to understand the reasons behind any transfers and whether there are any underlying issues affecting the franchise's performance or franchisee satisfaction in that region. Reviewing the list of current and former franchisees, as mentioned in the FDD, can provide valuable insights into the experiences of others within the Crowne Plaza system.