How many Crowne Plaza outlets in Michigan were reacquired by the licensor in 2023?
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 |
|---|---|---|---|---|---|---|---|---|
| Michigan | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 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 were zero outlets in Michigan reacquired by the licensor in 2023. The provided table in Item 20 outlines the changes in outlet numbers for various states over the years 2022, 2023, and 2024. Specifically, for Michigan in 2023, the table indicates that the number of outlets at the start of the year was two, zero outlets were opened, and zero were reacquired by the licensor. There were also zero terminations, non-renewals or ceased operations for other reasons. Consequently, the number of outlets at the end of the year remained at two.
This data point is important for prospective franchisees as it provides insight into the stability and changes within the Crowne Plaza franchise system in specific locations. Reacquisitions could indicate potential issues with franchisee performance or strategic decisions by the franchisor. The absence of reacquisitions in Michigan for 2023 suggests a stable franchise environment in that state during that year.
It is worth noting that while the table provides a historical overview, it does not guarantee future performance. Franchisees should also consider other factors, such as market conditions, competition, and the overall health of the Crowne Plaza brand, when evaluating the potential success of a franchise location. Reviewing the complete Item 20 and speaking with current and former franchisees, as suggested in the FDD, will provide a more comprehensive understanding.