Hospitality Asset Managers Association The James Royal Palm Miami Beach, Florida September 16-17, 2014 CONFIDENTIAL HAMA Mission Statement 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. Confidential 2 2014 Initiatives • Strengthen HAMA’s Reputation and Relevancy – – – – – White Paper Publication HAMA Speaks Support of the 2014 CapEx study initiative Support of AH&LA Uniform System of Accounts for Hotels – 11th Edition Support of Hotel Asset Mgmt, Principles and Practices, 3rd Edition • Foster Development of International Affiliates • Support Growth of CHAM Designation – 18 Designees, 3 Candidates, 2 Applicants • Kick-off Website Redevelopment for 2015 Implementation Confidential 3 2014 Board Members Ruby Huang President Stephanie Roy Executive Director Dave Hogin Vice President Craig Mason Treasurer Chair Michael Doyle International Chair Board Members Jennifer Williams Kim Gauthier Dan Kurz Maxine Taylor Membership Chair Industry Relations Chair Melissa Silvers Steven Nicholas Education Chair Communications Chair Tim Dick Confidential 4 Board Member Updates • Maxine Taylor – Membership Update • Steve Nicholas – Communications Update • Michael Doyle – International Update • Craig Mason – Treasurer Update • Ruby Huang on Behalf of Melissa Silvers – Education Update • HAMA 2015 Take on Lodging Trends • 2015 Board Slate Confidential 5 Membership United States Membership 200 New Members 17 (in 2014) Members Pending 3 International Affiliates Japan 39 Asia Pacific 33 Europe 6 (17 inquiries) China and Middle East Africa are working through application process. Confidential 6 Communications • Strengthen HAMA’s Reputation and Relevancy – – – – “Cost of Customer Acquisition” White Paper Publication HAMA Speaks HAMA 2015 “Take on Lodging Trends” Press Release for Spring Conference • Website Upgrade and Expansion Confidential 7 Communications • “The Rising Costs of Customer Acquisition” - White Paper Publication – – – Press release was released on Aug 20, 2014 All Brand partners were notified of release in advance Picked up by more than 50 news mediums including: • Hotels News Resource • Hotel Online • Hotel Interactive • Hospitality NeT • Hotel Business • Street Insider • Received limited request for full report at this point • Working with Cindy Estes Green for additional press opportunities Confidential 8 Communications • HAMA SPEAKS – – – – – Larry Trabulsi & Andrew Leber (CHM) – Topic “Capital Planning” Chad Sorenson (Warnick and Company) – “ Unlock the Value of Hotel Restaurants” Kristin Knox (Hotel AVE) – “Process to Optimize Hotel Asset Preservation” Maxine Taylor (Chartres Lodging) – “International Expansion of CHAM” Sarah Ozone – (Goldman Sachs) – “Owner’s Manager’s Working together for Success” • What’s Next – – – – Filled up for rest of 2014. HELP WANTED – Who wants to write an article for 2015 Considering going more frequently than monthly. Need to know what I can rely on for authors. Still not labeled “HAMA SPEAKS”. My short term goal for this program Confidential 9 Communications Confidential 10 Communications Confidential 11 Communications Confidential 12 Communications • Website Upgrade – Important initiative • Communication of membership • Provide education, information and data to members • Keep up with HAMA International Expansion • Current Status – – – – – Kicked off Initiative June 2015. Chad Sorenson is leading this group. Initial planning Committee has been selected. Finalized RFP to send out to selected vendors on September12th. Final Scope of project and project scope, plan and budget to be created. Confidential 13 International – Pending Affiliates • Middle East/Africa – Affiliate incorporation September 2014 – 97 targeted members – Application approved • China – Application and budget under review – Late 2014 targeted launch – Collaboration to-date Confidential 14 International – Pending Affiliates Letter from US presented at 2014 International Hotel Investment Summit on Sept. 2 in Beijing Confidential 15 Treasurer • We are anticipating that 2014 revenues will finish $8,000 ahead of forecast due to increase in membership dues. • CHAM is expected to finish 2014 $800 or slightly higher in revenue due to application fees. • 2014 Initiatives – – – – Salesforce/Chatter White Paper Update 2007 CapEx Study Sponsorship of Consumer Innovation Forum • 2015 Initiatives – Website Redevelopment Confidential 16 Education HAMA Student Competition 2014/2015 – Four Universities participating – MSU, Cornell, Penn State and University of Denver – Each school will submit one anonymous entry to HAMA “judges” – One team from each school will attend the Spring 2014 HAMA meeting. – One team will win the HAMA student competition If you would like to be a mentor, judge or have a university that might want to participate – please contact Melissa Silvers melissa@scsadvisors.com Confidential 17 “HAMA 2015 Take on Lodging Trends” Confidential 18 What do you believe RevPar Growth will be for the US in 2015? What do you believe RevPar Growth will be for the US in 2015? 2-4% 4-6% 6-8% 8%+ Confidential 19 How much of this growth will be fueled by ADR? Confidential 20 Are you planning on making more or less capital expenditures for your hotel(s) in 2015 than you did in 2014? Confidential 21 To use a baseball analogy, where do you see the current phase of the hotel real estate cycle? Confidential 22 2016 Presidential Election Impact Confidential 23 What are the long term prospects for room service? Confidential 24 How long until free Wi-Fi in guest rooms become the norm? Confidential 25 Will mobile check-in be the norm for hotels in the next 3 years? Confidential 26 How many new brands will be launched next year? Confidential 27 What do you currently perceive to be the largest issue facing the industry? Pick your top 3 Confidential 28 2015 Board Slate Dave Hogin President Stephanie Roy Executive Director Steven Nicholas Vice President Craig Mason Treasurer Chair Maxine Taylor International Chair Board Members Kim Gauthier Larry Trabulsi Jennifer Williams Membership Chair Tim Dick Melissa Silvers Dan Kurz Industry Relations Chair Education Chair Communications Chair Ruby Huang Confidential 29 Michael Doyle 2010 – Board Member At-Large 2011 – At Large – International Chair 2012 – Vice-President 2013 – President 2014 – At Large – International Chair Confidential 30 THANK YOU! The James Royal Palm Miami Beach, Florida September 16-17, 2014 Confidential 31 Introduction to the AH&LA Consumer Innovation Forum Cindy Estis Green, Kalibri Labs Confidential 32