Who is the owner of Crowne Plaza? This question often arises among travelers and business professionals who frequent the renowned hotel chain. The answer lies in the complex web of ownership that has evolved over the years. Crowne Plaza, a well-known brand within the InterContinental Hotels Group (IHG), has seen various owners and stakeholders since its inception in 1983.
The original owner of Crowne Plaza was Holiday Inns, Inc., which was one of the largest hotel companies in the world at the time. In 1987, Holiday Inns merged with ITT Corporation, and the combined entity became known as ITT-Holiday Inns. However, the company’s name was shortened to Holiday Inn Corporation in 1992. During this period, the Crowne Plaza brand was established as a separate, upscale hotel chain within the Holiday Inn portfolio.
In 1999, Holiday Inn Corporation was acquired by the InterContinental Hotels Group (IHG), a British multinational hotel company. This marked a significant turning point for Crowne Plaza, as it became a part of the larger IHG family. Since then, IHG has been the owner of Crowne Plaza, and the brand has continued to grow and expand its presence worldwide.
As an owner, IHG has played a crucial role in the development and management of Crowne Plaza hotels. The company has invested in the brand’s expansion, renovating existing properties and developing new ones. IHG has also leveraged its global network to ensure that Crowne Plaza hotels offer consistent quality and service across the globe.
While IHG is the ultimate owner of Crowne Plaza, it is important to note that the brand operates through a franchise model. This means that individual hotel owners or operators enter into agreements with IHG to use the Crowne Plaza name and adhere to certain standards. These franchisees are responsible for the day-to-day operations of the hotels, including hiring staff, managing bookings, and maintaining the property.
In conclusion, the owner of Crowne Plaza is the InterContinental Hotels Group (IHG), a leading hotel company with a global presence. IHG’s ownership has allowed the Crowne Plaza brand to thrive and become a preferred choice for business and leisure travelers worldwide. The franchise model ensures that each hotel maintains the brand’s high standards while allowing for local customization and flexibility.
