What was the total number of Crowne Plaza licensed outlet transfers in 2022?

According to Crowne Plaza's 2025 Franchise Disclosure Document, there were a total of 2 licensed outlet transfers to new owners in 2022, excluding Holiday Inn transfers. The transfers occurred in South Carolina (0), Texas (1), Florida (0), New Jersey (0), and Ohio (1). This information is based on the provided table detailing transfers of licensed outlets to new owners for the years 2022 to 2024.

For a prospective franchisee, understanding the number of outlet transfers can provide insights into the stability and desirability of existing Crowne Plaza locations. A higher number of transfers might indicate challenges in maintaining successful franchises, while a lower number could suggest greater stability and franchisee satisfaction. It is important to note that these figures do not include transfers to existing franchisees or re-acquisitions by the franchisor.

It is also important to consider the specific reasons behind these transfers. Potential franchisees should investigate why these transfers occurred, whether due to financial difficulties, retirement, or other factors. This information can help in assessing the risks and opportunities associated with acquiring an existing Crowne Plaza franchise. Reviewing the performance and history of transferred outlets can offer valuable insights into potential challenges and opportunities.

While the FDD provides data on outlet transfers, it does not offer detailed explanations for each transfer. A prospective franchisee should engage in thorough due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the factors influencing outlet transfers within the Crowne Plaza system. This will aid in making an informed decision about investing in a franchise.