What was the net income for Crowne Plaza for the year ended December 31, 2022?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31 | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| Operating activities | |||||
| Net income | $ 67,522,988 | $ 54,303,422 | $ 43,449,141 |
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, the net income for the year ended December 31, 2022, was $43,449,141. This figure represents the profit Crowne Plaza retained after deducting all expenses, including operating costs, interest, taxes, and other applicable deductions, from its total revenues for that year.
This net income is a key indicator of Crowne Plaza's financial performance and profitability during that period. Potential franchisees may use this information to assess the financial health and stability of the company. It's important to note that past financial performance does not guarantee future results, but it provides insight into the brand's ability to generate profit.
Furthermore, the FDD provides additional financial details that can help prospective franchisees understand the context of this net income. This includes revenue streams, operating expenses, and other income and losses, which can offer a more comprehensive view of Crowne Plaza's financial operations. Reviewing these details alongside the net income can help in making an informed investment decision.