What was the net periodic benefit cost (gain) for Crowne Plaza in 2023?

According to Crowne Plaza's 2025 Franchise Disclosure Document, the net periodic benefit cost (gain) for 2023 is detailed in the notes to the consolidated financial statements. The net periodic benefit cost for 2023 was $1,656,000, while the net periodic benefit gain was $(11,000). These figures represent expenses and gains related to employee benefit plans, which include items such as service costs, interest costs, and amortization of actuarial gains or losses.

Specifically, the provided table breaks down these costs and gains. For 2023, the interest cost was $1,656,000, and the amortization of unrecognized actuarial loss resulted in a gain of $(597,000). The net periodic benefit cost (gain) is the sum of these components, providing a comprehensive view of the financial impact of employee benefit plans on Crowne Plaza's financial statements.

For a prospective franchisee, understanding these costs is crucial as they reflect the overall financial health and stability of Crowne Plaza. While franchisees are not directly responsible for these costs, they provide insight into how the franchisor manages its financial obligations and employee benefits, which can indirectly affect the support and resources available to franchisees.