For Crowne Plaza, in which year were the most licensed outlets transferred to new owners?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
Table No. 2 Transfers of Licensed Outlets to New Owners (Other than Holiday) For Years 2022 to 2024
| State | Year | Number of Transfers |
|---|---|---|
| Florida | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| New Jersey | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Ohio | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 |
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, Table No. 2 provides data on the transfers of licensed outlets to new owners (excluding Holiday) for the years 2022 to 2024. The data is broken down by state and year, showing the number of transfers that occurred in Florida, New Jersey, and Ohio during this period.
In 2022, there was one transfer in Ohio. In 2023, there was one transfer in Florida. In 2024, there was one transfer in Florida and one in New Jersey. Therefore, 2024 saw the highest number of transfers with a total of two licensed outlets being transferred to new owners.
This information is relevant for prospective Crowne Plaza franchisees as it provides insight into the resale market and the potential for transferring ownership. A higher number of transfers in a given year might indicate a more active market for existing franchises, which could be a positive sign for those looking to eventually sell their franchise. However, it is important to consider the reasons behind these transfers, which could range from franchisees retiring to underperforming locations being sold to new owners.