How many Crowne Plaza licensed outlets were transferred in Texas during 2023?

According to Crowne Plaza's 2025 Franchise Disclosure Document, there was one transfer of a licensed outlet to a new owner in Texas during 2023. This information is based on Table No. 2, which specifically tracks transfers of licensed outlets to new owners, excluding Holiday Inn transfers, for the years 2022 to 2024.

This data point is relevant for prospective franchisees as it provides insight into the ownership changes within the Crowne Plaza system. A transfer indicates that an existing franchisee has sold their business to a new owner, which could be due to various reasons such as retirement, financial difficulties, or simply a desire to exit the business. Monitoring the number of transfers can help potential franchisees assess the stability and desirability of owning a Crowne Plaza franchise in a specific region.

It's important to note that this table only reflects transfers to new owners and does not include instances where the hotel is reacquired by the licensor or cases of terminations or non-renewals. Therefore, the overall number of ownership changes might be higher than what is indicated in this specific table. Reviewing other tables and sections within the FDD, such as those detailing terminations and non-renewals, would provide a more comprehensive understanding of outlet turnover within the Crowne Plaza system.

Prospective franchisees should investigate the reasons behind any transfers in their target market to better understand the local business environment and potential challenges or opportunities. Contacting current and former franchisees, as suggested in the FDD, can provide valuable insights into the factors driving these ownership changes.