Under what circumstances might Holiday consider granting a Crowne Plaza license in connection with a condominium or timesharing hotel development project?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
Holiday may consider granting a license in connection with a long term rental residential community, condominium or timesharing hotel development project. Because such projects are complex and unique, each project must be considered by Holiday individually. Holiday will determine, according to the unique facts of each proposed development, to what extent variations and additions to the License terms and provisions, including without limitation additional royalties and other fees, are warranted. Therefore, it is probable that Holiday will vary materially License terms and provisions for condominium or timesharing hotel developments, but at this time there is no formal program or guidelines with general applicability.
Source: Item 1 — THE LICENSOR, ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–15)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza FDD, Holiday may consider granting a license for a Crowne Plaza hotel in connection with a long-term rental residential community, condominium, or timesharing hotel development project. However, because these projects are complex and unique, Holiday evaluates each project individually.
Holiday will assess the specific details of each proposed development to determine the extent to which variations and additions to the standard License terms and provisions are necessary. This includes potentially adjusting royalties and other fees to suit the particular project.
Therefore, the FDD states that it is probable that Holiday will materially vary License terms and provisions for condominium or timesharing hotel developments. The document specifies that there is no formal program or generally applicable guidelines for these types of projects at this time, indicating that each deal is negotiated on a case-by-case basis.