Chad Crandell

Company: CHMWarnick

Position: CEO & Managing Director

Bio

Chad Crandell is Managing Director/CEO of CHMWarnick, the leading provider of hotel asset management and owner advisory services. Chad has 30 plus years’ experience in the hospitality industry, the majority of which has been dedicated to asset management, developing strategies for enhancing hotel value and protecting the rights of hotel owners and investors. He is a past President and current member of the HAMA, was part of the Certified Hotel Asset Manager (CHAM) designation development team, and served on the AH&LA finance committee that instituted changes in the Eleventh Edition of the Uniform System of Accounts for the Lodging Industry (USALI). Chad is a board member for the Pillsbury Institute for Hospitality Entrepreneurship, a member of ISHC and is a Certified Hotel Asset Manager. He received his B.S. in Hotel Administration from Cornell University.

 


Mission Statement

A consultant dedicated to hotel and resort investment, ownership, and asset management, with the primary focus of providing outstanding value creation and industry-leading financial returns to my investment partners and clients.


Geographic Areas

United States, Caribbean Islands


Expertise

*Management & Franchise Contract Negotiations *Budget Development & Review *Financial & Operational Performance Monitoring & Control *Market Position Surveys *Property Acquisition/Disposition Services *Financing, Refinancing & Debt Restructuring


Professional Memberships

*Cornell Hotel Society(CHS) *Hospitality Asset Managers Association(HAMA) *Pillsbury Institute for Hospitality Entrepreneurship * AH&LA Finance Committee, HFTP


Speaking Engagements

Americas Lodging Investment Summit (ALIS), NYU International Hospitality Industry Investment Conference, Hunter Hotel Investment Conference


Articles and Publications

Contributing Author, Hotel Asset Management Principles & Practices, First and Second Edition*Contributing Author, CAPEX 2005. He served on the AH&LA finance committee that instituted changes in the Eleventh Edition of the Uniform System of Accounts for the Lodging Industry.


Representative List of Clients

Wide range of hotel ownership groups including private equity, sovereign wealth funds, family office, public agencies and REITs


Education

*B.S., School of Hotel Administration, Cornell University, Ithaca, NY *Graduate Courses, Boston College, Boston, MA


Past Experience

*Capital Hotel Management, President/Co-Founder * Senior VP/Hospitality Practice Leader, Horwath Landauer, Boston, MA *Principal/Co-Founder, Hospitality Consulting, Inc., Boston, MA *Senior Consultant and Manager, Laventhol & Horwath, Boston, MA, *Director of Real Estate Development, Chalet Susse Int'l Inc., Wilton, NH *Manager of Real Estate Development, Koala Inns of America, Boston, MA *Assistant Controller, Hotel Inter-Continental New Orleans, LA