What is the room number that the estimated initial investment for a Crowne Plaza or Crowne Plaza Suites hotel is based on?

According to Crowne Plaza's 2025 Franchise Disclosure Document, the estimated initial investment for a Crowne Plaza or Crowne Plaza Suites hotel is based on a 250-room hotel. The FDD provides a detailed breakdown of various expenses associated with opening a 250-room Crowne Plaza or Crowne Plaza Suites hotel, offering a comprehensive overview of the costs involved.

These estimates include expenses such as the application fee of $125,000, property improvement plan fees ranging from $0 to $10,000, and building construction costs estimated between $9,952,000 and $66,419,000. Additionally, the estimates cover furniture, fixtures, and equipment, with costs ranging from $5,414,900 to $8,171,000. Operating supplies and equipment are estimated to cost between $735,000 and $1,186,200, while the primary identification sign costs between $41,000 and $85,000. Expenses related to PMS equipment, software, installation, and training range from $126,000 to $158,000.

It is important to note that these estimates do not include the cost of land, contingency funds, or other items that Crowne Plaza cannot estimate. The FDD also mentions that costs can vary significantly for conversion hotels and new development hotels, depending on factors such as location, the condition of existing buildings, and necessary upgrades. Prospective franchisees should independently investigate and carefully review all costs with their own business and legal advisors before purchasing a franchise.