Crowne Plaza Hotels & Resorts
Hotels
- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$36.6M - $70.2M
- Units as of 2022
-
402 5% over 3 years
Company Overview
About Crowne Plaza Hotels & Resorts
| Industry | Lodging |
|---|---|
| Related Categories | Hotels & Motels |
| Founded | 1983 |
| Parent Company | IHG Hotels & Resorts |
| Leadership | Elie Maalouf, CEO Americas |
| Corporate Address | Three Ravinia Dr., #100 Atlanta, GA 30346 |
| Social | Facebook,Twitter,Instagram |
Business Overview
| Franchising Since | 1983(40 years) |
|---|---|
| # of employees at HQ | 1,400 |
| Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
| # of Units | 402(as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Crowne Plaza Hotels & Resorts franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$75,000 |
|---|---|
| Initial Investment
|
$36,603,050 - $70,246,700 |
| Royalty Fee
|
5% |
| Term of Agreement
|
20 years (average) |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Crowne Plaza Hotels & Resorts has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | Varies |
|---|---|
| Classroom Training | Varies |
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
SEO
Website Development
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| Are exclusive territories available?
|
No |
Interested in ownership opportunities like Crowne Plaza Hotels & Resorts? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Crowne Plaza Hotels & Resorts landed on this year's Franchise 500 Ranking versus previous years.
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