ISHC CapEx 2014 Study Offers Insight, Analysis of Hotel Capital Expenditures

/ISHC CapEx 2014 Study Offers Insight, Analysis of Hotel Capital Expenditures

ISHC CapEx 2014 Study Offers Insight, Analysis of Hotel Capital Expenditures

|2015-06-02T14:32:37-05:00June 2nd, 2015|

Orlando, Florida, June 2015—The International Society of Hospitality Consultants (ISHC), in conjunction with the Hotel Asset Managers Association (HAMA) has published ISHC CapEx 2014: A Study of Capital Expenditures in the Hotel Industry. The book is distributed by the American Hotel & Lodging Educational Institute (AHLEI), which receives proceeds from the sale of the book.

Previous editions of this study were released in 1995, 2000, and 2007. More than 20 industry experts from the memberships of both organizations contributed to the book, led by the CapEx 2014 Committee, whose members include: Alan Benjamin, ISHC; Michael Doyle, HAMA; Tim Dick, ISHC and HAMA; Steven Hennis, ISHC; Kristen Knox, HAMA; Jonathan Nehmer, ISHC; and Chad Sorrenson, ISHC and HAMA.

The information presented in the book was derived from data collected from 502 U.S. hotels representing 42 hotel brands and independent hotels in the full service, select service, and extended stay sectors.

The book is divided into three sections.

· Historical Capital Spending, including information on repair and maintenance expenses, and spending based on ownership structure

· Perspectives on Capital Spending, featuring 18 articles by ISHC and HAMA experts

· JN+A/HVS Design Hotel Cost Estimating Guide, which provides useful data on every aspect of CapEx, from FF&E product costs to labor costs, broken down by hotel tier (from economy to luxury)

With the data provided by the CapEx 2014 study, hospitality industry decision makers can better evaluate and make informed decisions with regard to capital expenditures for their properties. It also demonstrates how hotel assets are subject to cyclical trends and activities, as well as the political and social events that shape society.

The book is available in both digital and print versions. The print version comes with a code that provides access to the digital version of the book. The digital version of the book is designed for online viewing, with the ability to search keywords, add notes and bookmarks, increase or decrease font size, and enlarge images. The digital book’s content is not printable.

For more information or to order, visit www.ahlei.org/capex2014, 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, Senior Public Relations & Marketing Manager

[email protected]/+1.517.318.2359

About ISHC

The International Society of Hospitality Consultants is truly The Leading Source for Global Hospitality Expertise, represented by over two hundred of the industry’s most respected professionals from across six continents. Collectively, ISHC members provide expert services in over fifty functional areas and have specialized skills in virtually every segment of the hospitality industry. ISHC is dedicated to promoting the highest quality of professional consulting standards and practices for the hospitality industry. Candidates undergo a rigorous screening process, ensuring that all ISHC members have a reputation of integrity and are qualified by their experience, training and knowledge to develop and express sound judgment on industry issues. Additional information about the organization, along with a directory of ISHC members, is available on the ISHC website at www.ishc.com.   

About 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. Our 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 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 brand and management selection. HAMA consists of more than 200 members across the United States and through international affiliates. For additional information, please visit the HAMA website at www.hamagroup.org.

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