Crowne Plaza- Unveiling the Ownership Mystery Behind the Iconic Hotel Chain
Who is Crowne Plaza owned by? This question often arises among travelers and business professionals who are familiar with the brand. Crowne Plaza, a well-known hotel chain, has a rich history and a complex ownership structure. In this article, we will delve into the details of who owns Crowne Plaza and explore the factors that have shaped its success in the hospitality industry.
Crowne Plaza is a subsidiary of InterContinental Hotels Group (IHG), one of the world’s largest hotel companies. IHG owns and manages a diverse portfolio of hotel brands, including Holiday Inn, InterContinental, and Candlewood Suites. The company’s global presence spans over 100 countries, with over 5,600 hotels and resorts in its network.
The journey of Crowne Plaza began in 1962 when it was founded as a hotel brand by the American hotelier Albert F. Crowne. The brand quickly gained popularity for its upscale accommodations and exceptional service, particularly among business travelers. Over the years, Crowne Plaza has expanded its global footprint, acquiring and integrating various hotel properties into its portfolio.
In 1998, Crowne Plaza became part of the InterContinental Hotels Group when IHG acquired the brand from the original Crowne Plaza Corporation. This acquisition marked a significant milestone in the brand’s history, as it allowed Crowne Plaza to benefit from IHG’s extensive resources and global reach.
Under the ownership of IHG, Crowne Plaza has continued to evolve and adapt to the changing needs of its guests. The brand has invested in modernizing its properties, enhancing guest experiences, and expanding its presence in key markets around the world. Today, Crowne Plaza operates over 400 hotels in more than 70 countries, catering to both business and leisure travelers.
The ownership of Crowne Plaza by IHG has also brought numerous advantages to the brand. IHG’s global network provides Crowne Plaza with access to a vast pool of guests, as well as the opportunity to leverage the company’s expertise in marketing, distribution, and customer service. This strategic partnership has allowed Crowne Plaza to maintain its position as a leading hotel brand in the upscale segment.
In conclusion, Crowne Plaza is owned by InterContinental Hotels Group, a global leader in the hospitality industry. The brand’s partnership with IHG has been instrumental in its growth and success, enabling it to offer exceptional accommodations and services to guests worldwide. As the hospitality industry continues to evolve, Crowne Plaza is well-positioned to capitalize on new opportunities and maintain its reputation as a preferred choice for discerning travelers.
