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Orlando, Florida, March 2016—The American Hotel & Lodging Educational Institute (AHLEI), in collaboration with the Hospitality Asset Managers Association, has published the third edition of Hotel Asset Management: Issues & Perspectives, edited by Rich Musgrove, CHAM, CHA; Lori Raleigh, ISHC; and A. J. Singh, Ph.D. The book is a one-of-a-kind resource for hotel investors, asset managers and other industry professionals, and is a valuable addition to post-secondary hospitality management classes in finance, real estate, and asset management.

The third edition of this book takes a look at the challenges and opportunities faced by hotel owners, lodging industry real estate professionals, and hotel company executives, with articles written by industry leaders in asset management.  The articles are divided into four sections:

  •          foundations and processes of asset management
  •          real estate and the physical asset
  •          contracts and legal aspects of asset management
  •          planning and executing the hotel investment

This edition is the most comprehensive to date and includes twenty-one chapters by 37 authors, covering topics of interest to hotel owners, investors and asset managers, including:

  •          Channel Management: OTA's and the Rising Cost of Customer Acquisition
  •          Evaluating Franchise and Chain Affiliation Programs
  •          Managing Technology from the Hotel Owners Perspective
  •          Key Legal Issues: the Battle for Control
  •          Risk vs Reward: A Lender's View of Hotel Investment Trends
  •          The Art of the Capital Structure
  •          Everything You Wanted to Know about Hospitality Valuation and Techniques, But Were Afraid to Ask
  •          Buy Hold Sell Analysis

Lori Raleigh, President of Travers Group, stated that she, “along with the other co-editors, A. J. Singh and Rich Musgrove, would like to acknowledge the Hotel Asset Managers Association and the 36 industry experts who served as contributing authors—all of whom invested substantial time and effort albeit without remuneration---to see the idea of a third edition of the book become a reality.”

Hotel Asset Management: Issues & Perspectives, Third Edition, is available in print or in an eBook version available for viewing and download with AHLEI’s eiReader app. To order or for more information, visit or call 1.800.349.0299 or +1.407.999.8100. 

About the American Hotel & Lodging Educational Institute (AHLEI)

Established in 1953 as the nonprofit education and training arm of the American Hotel & Lodging Association (AH&LA), AHLEI’s mission is to continue being the preferred provider to the lodging industry, hospitality schools, and related hospitality industries by developing and providing quality resources to educate, develop, and certify hospitality professionals worldwide.

Contact: Elizabeth Johnson / +1.517.318.2359

About the Hospitality Asset Managers Association (HAMA)

The Hospitality Asset Managers Association (HAMA) is the pre-eminent organization of professionals responsible for proactively increasing asset values on behalf of hotel owners worldwide. Its mission is the enhancement of hospitality asset managers through education, advancement of the profession, and serving as the collective industry voice of hospitality ownership. HAMA is a networking organization of approximately 200 professionals representing an estimated 3,200 hotels with over 760,000 rooms. Members are involved in asset management, acquisition, financing and disposition of hotels and resorts, and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and franchise selections.

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