What was the total number of Crowne Plaza licensed outlet transfers in 2023?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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, there were a total of 3 licensed outlet transfers to new owners in 2023. This information is based on the table summarizing transfers of licensed outlets to new owners, excluding transfers back to Holiday.
For a prospective franchisee, this indicates the level of activity in the transfer of existing Crowne Plaza locations. A higher number of transfers could suggest a more liquid market for existing franchises, while a lower number might indicate more stability or fewer opportunities to acquire existing businesses.
It is important to note that this number only reflects transfers to new owners and does not include any transfers back to the franchisor, Holiday. Reviewing transfer trends over multiple years, as presented in the table (2022-2024), can provide a more comprehensive understanding of the franchise network's dynamics. Understanding the reasons behind these transfers, which is not detailed in the provided excerpt, would also be valuable for a potential franchisee.