Under what conditions can IHG immediately terminate the Crowne Plaza Participation Agreement?

According to the 2025 FDD, IHG (InterContinental Hotels Group) has the right to immediately terminate the Crowne Plaza Participation Agreement under specific circumstances. These include if the Participating Property defaults on any provision of an IHG License Agreement, or if there is an unauthorized transfer of ownership of the Participating Property without IHG's prior written consent, as defined in the IHG License Agreement. IHG can also immediately terminate the agreement if the Participating Property sells the property to a third party.

Additionally, IHG can terminate the Participation Agreement immediately if the Participating Property fails to comply with or breaches the confidentiality obligations outlined in Section 6 of the agreement. Another cause for immediate termination is if the Participating Property fails to make payments as required by the terms of the Participation Agreement or any agreement with a Supplier.

Furthermore, if the Hotel breaches the Hotel Agreement and fails to resolve the breach within ten days after receiving a notice of default from IHG or an IHG Affiliate, IHG can terminate the Participation Agreement immediately with written notice. IHG may also terminate the agreement immediately upon written notice to the Hotel in the event of a Hotel Bankruptcy. These termination rights are in addition to any other legal, equitable, or contractual rights IHG may have, including the ability to limit or suspend the Hotel's access to the Next-Gen Payments Solution.