Crowne Plaza Hotels & Resorts FDD Summary
Type of Business
The franchisee will establish and operate a hotel under the Crowne Plaza, Crowne Plaza Suites or Crowne Plaza Resort brands.
Corporate Information
Holiday Hospitality Franchising, LLC was incorporated under the name “Holiday Inns Franchising, Inc.” in Delaware on November 3, 1989. On October 20, 1997, Holiday changed its name to “Holiday Hospitality Franchising, Inc.” and on March 26, 2012 Holiday converted to a limited liability company. Holiday’s principal business address is Three Ravinia Drive, Suite 100, Atlanta, Georgia 30346.
Investment
The total investment necessary to begin operation of a typical 300-room Crowne Plaza hotel, excluding land costs and other matters, ranges from $24,442,450 to $52,542,645 ($94,808 to $175,142 per guest room) or more, including between $290,390 and $371,200 or more that must be paid to the franchisor or affiliate. The total investment necessary to begin operation of a typical 300-suite Crowne Plaza Suites hotel, excluding land costs and other matters, ranges from $31,124,735 to $53,969,530 ($103,749 to $179,898 per guest room suite) or more, including between $290,390 and $371,200 or more that must be paid to the franchisor or affiliates. The total investment necessary to begin operation of a typical 250-room Crowne Plaza Resort hotel, excluding land costs and other matters, ranges from $35,294,115 to $61,248,130 ($141,176 to $244,993 per guest room) or more, including between $238,390 and $289,200 or more that must be paid to the franchisor or affiliate.