What were the total revenues for Crowne Plaza in the year ended December 31, 2024?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
accrued expenses | $ 7 4,000 | $ 7 0,000 | | Deferred revenue | 7 94,207 | 4 ,696,835 | | Payables to affiliates (Note 4) | 2 13,121,319 | 1 55,172,017 | | Total current liabilities | 2 13,989,526 | 1 59,938,852 | | Deferred revenue | 7 ,344,774 | 7 ,281,275 | | Total liabilities | 2 21,334,300 | 1 67,220,127 | | Member’s equity | 8 19,154,679 | 7 51,631,691 | | Total liabilities and member’s equity | $ 1 ,040,488,979 | $ 9 18,851,818 |
Operating Projections
| Year Ended December 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Revenues: | ||||
| Franchise royalty fees (Note 3) | $ 37,792,172 | $ 25,626,433 | $ 24,665,131 | |
| Franchise royalty fees from affiliate (Note 4) | 57,388 | 50,496 | 44,847 | |
| OLCC fees (Note 2) | 1,595,317 | 1,572,723 | 1,380,619 |
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, the total revenues are reported in two separate tables. One table lists total revenues of $39,444,877 for the year ended December 31, 2024. This revenue is comprised of franchise royalty fees of $37,792,172, franchise royalty fees from an affiliate totaling $57,388, and OLCC fees of $1,595,317.
The second table shows total revenues of $3,753,900 for the year ended December 31, 2024. This revenue is broken down into fee business of $896,837, hotel operations of $92,579, other revenue of $339,236 and system fund and reimbursable revenues of $2,425,248.
It is important to note that these revenue streams may represent different aspects of Crowne Plaza's overall financial picture. A prospective franchisee should clarify with Crowne Plaza the nature of each revenue stream and how they relate to the franchise opportunity being considered. Understanding the different revenue components can help a franchisee assess the financial health and stability of the Crowne Plaza franchise system.