How many Crowne Plaza licensed outlets in Alaska ceased operations for other reasons in 2024?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Licensor | Ceased Operations Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Alaska | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 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 were no Crowne Plaza licensed outlets in Alaska that ceased operations for other reasons during 2024. The provided table tracks the status of licensed outlets from 2022 to 2024, detailing changes in the number of outlets due to openings, terminations, non-renewals, re acquisitions by the licensor, and other reasons for ceased operations.
For a prospective franchisee, this indicates stability in the Alaskan market for Crowne Plaza during that period. It's important to note that 'ceased operations for other reasons' can include a variety of circumstances, such as mutual agreement to close, failure to meet brand standards, or other unforeseen business issues.
While the FDD provides this historical data, it is crucial for potential franchisees to conduct their own due diligence, including market research and direct conversations with current and former franchisees, to gain a comprehensive understanding of the factors that could impact their investment. Understanding the specific reasons behind any past closures, even if categorized as 'other,' can provide valuable insights into potential challenges and opportunities in the market.