How many Crowne Plaza franchises in Florida were transferred in 2023?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Florida | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 |
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 transferred in Florida during 2023. This information is based on data compiled by the franchisor regarding transfers of licensed outlets to new owners.
Franchise transfers can occur for various reasons, such as the current franchisee selling their business to a new owner, or the franchisor reacquiring the location. A transfer does not necessarily indicate a negative outcome, but rather a change in ownership. Reviewing transfer rates alongside terminations and non-renewals can provide a more comprehensive understanding of the stability and health of the Crowne Plaza franchise system in a particular area.
Prospective franchisees should consider the transfer history in their target market as part of their due diligence. Understanding the reasons behind past transfers, if possible, can offer valuable insights. It is also important to note that transfer numbers can fluctuate from year to year and may be influenced by broader economic conditions or specific market dynamics.