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.