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ISHC 2014 CapEx Study – Book Details Released at ALIS
Contact: Karla Smith, Director Membership Services
Atlanta, GA (June 1, 2015): The International Society of Hospitality Consultants (ISHC), in partnership with the Hospitality Asset Managers Association (HAMA) has announced the release of the ISHC CapEx 2014: A Study of Capital Expenditures in the Hotel Industry. This book presents data on trends in capital expenditures by various hotel segments, including luxury, full service, select service, and extended stay. CapEx 2014 offers viewpoints on how capital is spent to maintain competitive positioning, achieve brand standards, and continue the life cycle of hotels. The statistical trends and editorial analysis included in the book make it practically invaluable to hotel owners, hotel operators, and investment analysts.
“The ISHC, partnering with HAMA, is proud to introduce to the industry the CapEx 2014 Study. The result of over two years of work by the CapEx committee, comprised of ISHC and HAMA members, this landmark industry study, being published by the ISHC for the 4th time since 1995, will provide all hospitality industry stakeholders the critical data needed for correct planning of the CapEx and Repair and Maintenance expenses on all types of hotel assets. The study examines the historical spending of over 500 hotels, and also provides current, up to the date cost estimates for forecasting a hotel’s future needs,” CapEx Committee Co-Chair, Alan Benjamin, President, Benjamin West, ISHC.
And CapEx Committee Co-Chair Michael Doyle, Executive Vice President, Capital Hotel Management, HAMA, recently talked about the project stating, “The 2014 ISHC CapEx Report provides the reader with current and relevant trends that will assist in the critical planning and execution of both capital and repair strategies. This information is important as it impacts all the key stakeholders involved with hotel investments. The Report offers insight from noted industry professionals that will provide practical experience in approaching decisions as both competitive market challenges and available funds are impacting investment decisions. It sheds new light on critical topics facing the owner and the operators.”
The ISHC CapEx 2014: A Study of Capital Expenditures in the Hotel Industry is now available for purchase, with all proceeds going to the American Hotel & Lodging Educational Institute. To order your copy please visit the below website link:
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.
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.