
Crowne Plaza is owned by IHG (InterContinental Hotels Group, LSE: IHG, NYSE: IHG), a publicly traded British hospitality company headquartered in Denham, Buckinghamshire, England. IHG acquired Crowne Plaza in 1998 through its purchase of Holiday Corporation's hotel business. Crowne Plaza operates as a brand within IHG's Premium collection, with over 400 properties in 67 countries and approximately 140 properties in the development pipeline.
Parent Company
Acquired
1998
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Crowne Plaza Hotels & Resorts | IHG (InterContinental Hotels Group) | Brand division |
Crowne Plaza was launched in 1983 by Holiday Corporation as a premium hotel brand targeting business travelers. The brand was created to serve the gap between standard Holiday Inn properties and luxury hotels, offering dedicated meeting facilities, business services, and upscale accommodations. The first Crowne Plaza property opened in Rockville, Maryland.
Through the 1980s and 1990s, Crowne Plaza expanded across North America and into international markets. The brand built its reputation on meeting facilities and convention services, targeting corporate travel managers and meeting planners. By the mid-1990s, Crowne Plaza had established properties in major business centers across the United States, Europe, and Asia.
In 1998, Bass PLC (which later became IHG) acquired the Holiday Corporation hotel business, including Crowne Plaza. The acquisition gave Crowne Plaza access to IHG's global distribution systems and international development capabilities. Under IHG's ownership, Crowne Plaza expanded from approximately 100 properties to over 400 properties across 67 countries.
During the 2000s and 2010s, Crowne Plaza continued to add properties in major business centers, convention destinations, and urban locations worldwide. The brand reached 400 properties by 2020. IHG invested in property renovation programs and brand standards upgrades to maintain consistency across the global portfolio.
In 2021, Crowne Plaza launched a comprehensive brand refresh in response to shifting travel patterns accelerated by the COVID-19 pandemic. The refresh introduced a new visual identity and repositioned the brand around "blended travel," targeting travelers who combine business and leisure in a single trip. The brand commissioned research on changing traveler behaviors and implemented new design concepts across its portfolio.
By 2026, Crowne Plaza's renovation program had progressed significantly, with 70% of Americas properties and 60% of properties in Europe, Middle East, Asia, and Africa either newly built or renovated. The brand's development pipeline includes approximately 140 new properties, representing 35% system growth. Recent signings include properties near Disneyland Paris, Budva, Montenegro, and Mexico City.
Is IHG owned by another company?
No, IHG operates as an independent publicly traded company. The company traces its origins to Bass Brewery, founded in 1777, but has maintained its independence throughout its evolution into a hospitality company. IHG is listed on the London Stock Exchange under ticker IHG and is owned by its shareholders worldwide, with no single controlling shareholder or parent company.
Is IHG publicly traded?
Yes, IHG is publicly traded on the London Stock Exchange under the ticker symbol IHG. The company also has ADRs listed in the United States. In 2025, IHG returned over $1.1 billion to shareholders through ordinary dividend payments of 184.5 cents per share and a $900 million share buyback program, which reduced the share count by 4.8 percent. A new $950 million buyback has been approved for 2026.
When was IHG founded?
IHG traces its origins to 1777 when William Bass founded Bass Brewery in Burton upon Trent, England. The company entered hospitality through the acquisition of Holiday Inn in 1989 and InterContinental Hotels in 1998. In 2003, the company separated from its pub and restaurant business and became InterContinental Hotels Group as an independent hospitality company.
What is IHG's market position?
IHG is one of the world's largest hotel companies, operating 6,963 hotels with over 1 million rooms across more than 100 countries. The company ranks behind Marriott International and Hilton Worldwide in total room count but has a development pipeline of 339,526 rooms, equivalent to 33 percent of its current system size. IHG opened a record 443 hotels in 2025 and signed 694 more into its pipeline.
How many brands does IHG own?
IHG owns and operates 20 hotel brands organized into four categories: Luxury and Lifestyle (InterContinental, Regent, Six Senses, Vignette Collection, Kimpton), Premium (Crowne Plaza, Hotel Indigo, voco, Garner, Noted Collection, Ruby), Essentials (Holiday Inn, Holiday Inn Express, avid hotels), and Suites (Staybridge Suites, Candlewood Suites, Even Hotels, Atwell Suites). The company also has an Exclusive Partners agreement with Iberostar Beachfront Resorts.
Who is the CEO of IHG?
Elie Maalouf is the Chief Executive Officer of IHG Hotels and Resorts. He took leadership in 2023 and led the company to record hotel openings, over 1 million rooms globally, and adjusted EPS growth of 16 percent in 2025. Under his leadership, IHG has focused on accelerating brand growth, expanding in key markets, and driving ancillary fee streams.
What is IHG's revenue?
IHG reported total revenue of $5,189 million for full year 2025, up 5 percent from 2024. Revenue from reportable segments was $2,468 million, up 7 percent. Operating profit from reportable segments was $1,265 million, up 13 percent. Adjusted EBITDA was $1,332 million, up 12 percent. Total gross revenue across all hotels in IHG's system was $35.2 billion, up 5 percent.
Crowne Plaza operates under IHG's "Journey to Tomorrow" responsible business plan, which sets sustainability targets for 2030 aligned with the United Nations' Sustainable Development Goals. IHG has committed to reducing carbon emissions in line with climate science and has set targets for waste reduction, water conservation, and sustainable sourcing.
IHG's environmental targets include reducing scope 1 and 2 carbon emissions by 46% by 2030 from a 2019 baseline. Crowne Plaza properties participate in this commitment through energy efficiency measures, LED lighting conversions, and low-carbon building designs. Individual properties have achieved sustainability certifications including Green Key Certification, an independent international eco-label for hotels and tourism operations.
IHG has implemented waste reduction programs across its portfolio, including the elimination of single-use plastic straws and the introduction of the "Greener Stay" program, which encourages IHG One Rewards members to opt out of daily housekeeping in exchange for loyalty points. This program reduces water and energy consumption.
Crowne Plaza is not independently certified as a sustainable brand. The sustainability initiatives described above are corporate-level programs operated by IHG. Individual properties may hold certifications such as Green Key, but these are property-specific rather than brand-wide. Consumers seeking independently verified sustainability information should check individual property certifications.
Crowne Plaza has received recognition through IHG's corporate achievements and individual property awards.
Crowne Plaza as a brand has not received independent "best of" rankings from publications like Condé Nast Traveler or Travel + Leisure at the brand level. IHG's luxury and lifestyle portfolio earned 54 Condé Nast Traveler Readers' Choice Awards in 2025, but these awards were for InterContinental, Kimpton, and Six Senses properties rather than Crowne Plaza.
Crowne Plaza, as a hotel brand, is not subject to product recalls. The brand has faced controversies typical of the hospitality industry.
COVID-19 Impact and Recovery: The COVID-19 pandemic severely affected Crowne Plaza's operations in 2020 and 2021, with global travel restrictions causing occupancy rates to drop significantly. The brand responded with enhanced cleaning protocols and operational adaptations. IHG reported that RevPAR recovered to pre-pandemic levels by 2023, and Crowne Plaza's renovation program was accelerated as part of the recovery strategy.
Franchisee Relations: IHG's asset-light business model means most Crowne Plaza properties are operated by franchisees. Tensions between hotel franchisors and franchisees over fees, brand standards, and renovation requirements are common in the hospitality industry. IHG has faced franchisee disputes over mandatory renovation costs, particularly for older properties that require significant investment to meet updated brand standards. These disputes are typically resolved through negotiation rather than public litigation.
Data Security: IHG experienced a data breach in 2017 that affected reservations at Crowne Plaza and other IHG brands. The breach involved credit card data from properties in the United States and Puerto Rico. IHG implemented enhanced security measures following the breach and reached settlements with affected parties. No major data security incidents have been publicly reported since.
No direct competitors found in the same category. This could be because Crowne Plaza Hotels & Resortsoperates in a unique market segment or we're still building our competitor database.
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