In which state did Crowne Plaza have the most transfers of licensed outlets to new owners during the period of 2022-2024?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Florida | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| New Jersey | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Ohio | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| State | Year | Number of Transfers |
| ---------------- | ------ | --------------------- |
| South Carolina | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Texas | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
| Total | 2022 | 2 |
| 2023 | 3 | |
| 2024 | 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, the state with the most transfers of licensed outlets to new owners from 2022 to 2024 was Texas, with a total of two transfers. Specifically, there was one transfer in Texas during 2022 and one in 2023.
Florida also had a total of two transfers during this period, with one transfer in 2023 and one in 2024. Ohio, New Jersey and South Carolina each had one transfer during the 2022-2024 period. Ohio's transfer occurred in 2022, while New Jersey's and South Carolina's occurred in 2024.
Prospective franchisees should consider these transfer figures as an indicator of market stability and franchisee satisfaction within these states. A higher number of transfers could suggest a more active market for buying and selling franchises, but it could also signal potential challenges in maintaining successful franchise operations. It is important to investigate the reasons behind these transfers to assess the health and attractiveness of Crowne Plaza franchises in each state.