Budget & Performance

SpringHill Suites Houston Medical Center — January 2025

RevPAR

$98.45

▲ +2.1% vs Budget

GOP

$154,356

▼ -3.5% vs Budget

GOP Margin

37.6%

Target: 40%

NOI Margin

24.7%

▼ -1.8pts vs Budget

Account Description	Actual Jan 2025 Show YTD	% of Total Rev
Operating Revenue
Rooms Revenue	$382,000	93.1%
Food & Beverage	$18,000	4.4%
Other Operated Departments	$10,281	2.5%
Total Operating Revenue	$410,281	100.0%
Departmental Expenses
Rooms Expense	($72,000)	17.5%
Rooms Dept Profit	$310,000	75.7%
F&B Expense	($28,000)	6.8%
F&B Dept Profit	($10,000)	-55.6%
Other Operated Expenses	($6,415)	1.6%
Other Dept Profit	$3,866	0.9%
Total Labor Cost i	($98,400)	24.0%
Total Departmental Expenses	($106,415)	25.9%
Departmental Profit	$303,866	74.1%
Undistributed Operating Expenses
Administrative & General	($38,000)	9.3%
Information & Telecom	($4,500)	1.1%
Sales & Marketing	($22,000)	5.4%
Property Operations & Maintenance	($18,000)	4.4%
Utilities	($20,488)	5.0%
Franchise Fees	($46,522)	11.3%
Total Undistributed	($149,510)	36.4%
Gross Operating Profit (GOP)	$154,356	37.6%
Management Fees
Management Fees	($10,257)	2.5%
Fixed Charges
Insurance	($12,000)	2.9%
Property Taxes	($28,764)	7.0%
FF&E Reserve	($2,000)	0.5%
Total Fixed Charges	($42,764)	10.4%
Non-Operating Items
Non-Operating	($3,356)	0.8%
Net Operating Income (NOI)	$101,335	24.7%

Revenue

Budget

$395,000

Actual

$410,281

▲ +$15,281 (+3.9%)

Expenses

Budget

($289,000)

Actual

($308,946)

▼ ($19,946) (-6.9%)

NOI

Budget

$106,125

Actual

$101,335

▼ ($4,790) (-4.5%)

Account	PY Actual	Budget	Actual	Var $	Var %	Run-Rate	FTC
Operating Revenue
Rooms Revenue	$365,000	$368,000	$382,000	+$14,000	+3.8%	$382,000	$383,200
Food & Beverage	$16,800	$16,500	$18,000	+$1,500	+9.1%	$18,000	$18,100
Other Operated	$9,500	$10,500	$10,281	($219)	-2.1%	$10,281	$10,350
▶ Total Revenue	$391,300	$395,000	$410,281	+$15,281	+3.9%	$410,281	$411,650
Departmental Expenses
Rooms Expense	($68,000)	($70,000)	($72,000)	($2,000)	-2.9%	($72,000)	($71,800)
F&B Expense	($25,000)	($26,000)	($28,000)	($2,000)	-7.7%	($28,000)	($27,500)
Other Dept Expense	($5,800)	($6,000)	($6,415)	($415)	-6.9%	($6,415)	($6,300)
▶ Total Dept Expenses	($98,800)	($102,000)	($106,415)	($4,415)	-4.3%	($106,415)	($105,600)
Departmental Profit	$292,500	$293,000	$303,866	+$10,866	+3.7%	$303,866	$306,050
Undistributed Expenses
Admin & General	($34,000)	($36,000)	($38,000)	($2,000)	-5.6%	($38,000)	($37,500)
Info & Telecom	($3,800)	($4,000)	($4,500)	($500)	-12.5%	($4,500)	($4,400)
Sales & Marketing	($19,000)	($20,000)	($22,000)	($2,000)	-10.0%	($22,000)	($21,800)
Property Ops & Maint.	($16,000)	($17,000)	($18,000)	($1,000)	-5.9%	($18,000)	($17,800)
Utilities	($18,500)	($16,000)	($20,488)	($4,488)	-28.1%	($20,488)	($20,200)
Franchise Fees	($39,000)	($40,000)	($46,522)	($6,522)	-16.3%	($46,522)	($46,000)
▶ Total Undistributed	($130,300)	($133,000)	($149,510)	($16,510)	-12.4%	($149,510)	($147,700)
Gross Operating Profit (GOP)	$149,700	$160,000	$154,356	($5,644)	-3.5%	$154,356	$158,350
Management Fees
Management Fees	($9,500)	($9,875)	($10,257)	($382)	-3.9%	($10,257)	($10,100)
Fixed Charges
Insurance	($11,000)	($11,000)	($12,000)	($1,000)	-9.1%	($12,000)	($12,000)
Property Taxes	($27,500)	($28,000)	($28,764)	($764)	-2.7%	($28,764)	($28,764)
FF&E Reserve	($2,000)	($2,000)	($2,000)	$0	0.0%	($2,000)	($2,000)
▶ Total Fixed Charges	($40,500)	($41,000)	($42,764)	($1,764)	-4.3%	($42,764)	($42,764)
Non-Operating
Non-Operating	($3,000)	($3,000)	($3,356)	($356)	-11.9%	($3,356)	($3,350)
Net Operating Income (NOI)	$96,700	$106,125	$101,335	($4,790)	-4.5%	$98,979	$102,136

Annual Budget Entry — 2025

Assumptions ▲ Collapse

Room Count

190

Occupancy

73.2%

ADR

$134.50

RevPAR

$98.45

Room Rev/Mo

~$368K

PY Room Count

190

PY Occ %

71.8%

PY ADR

$129.80

PY RevPAR

$93.20

PY Room Rev / Mo

$345,200

Account	Method	Rate	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
Operating Revenue
4100 Rooms Revenue	fixed	—	$368,000	$352,000	$390,000	$385,000	$370,000	$345,000	$320,000	$310,000	$355,000	$395,000	$380,000	$410,000	$4,380,000
4200 Food & Beverage	fixed	—	$16,500	$15,800	$17,200	$16,900	$16,100	$15,000	$14,000	$13,800	$15,500	$17,500	$16,800	$18,000	$193,100
4300 Other Revenue	fixed	—	$10,500	$10,000	$10,800	$10,600	$10,200	$9,500	$8,800	$8,700	$9,800	$11,000	$10,500	$11,000	$121,400
Departmental Expenses
5110 Front Desk Wages	per_occ	$6.08	$8,200	$7,900	$8,500	$8,300	$8,000	$7,500	$7,000	$6,900	$7,700	$8,600	$8,300	$8,900	$95,800
5120 Room Attendants	per_occ	$8.50	$11,500	$11,000	$11,900	$11,600	$11,200	$10,500	$9,800	$9,700	$10,800	$12,000	$11,600	$12,400	$134,000
5130 Housekeeping Supv.	fixed	—	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$4,200	$50,400
Undistributed Expenses
6300 Sales & Marketing	pct_rev	1.14%	$4,500	$4,300	$4,760	$4,700	$4,520	$4,210	$3,900	$3,790	$4,340	$4,830	$4,650	$5,000	$53,500
6500 Utilities	fixed	—	$16,000	$17,000	$14,000	$13,000	$15,000	$18,000	$22,000	$23,000	$19,000	$15,000	$14,000	$16,000	$202,000
Gross Operating Profit (GOP)	—	—	$142,300	$136,600	$155,200	$152,700	$146,080	$131,290	$116,300	$112,310	$137,060	$161,170	$152,750	$163,000	$1,707,600
Net Operating Income (NOI)	—	—	$108,120	$102,840	$119,340	$117,140	$110,960	$96,530	$80,800	$77,050	$101,800	$126,040	$118,290	$128,240	$1,297,440

Critical

Threshold: >10% over budget

Warning

Threshold: 5–10% variance

Watch

Threshold: 2–5% deviation

Threshold Configuration ▼ Expand

Global Default Threshold

Min. Dollar Impact

$1,000

Department Overrides

Utilities: 8% POM: 7%

Alert on favorable variances

Off

Top 5 Unfavorable

Franchise Fees ($6,522) -16.3%

Utilities ($4,488) -28.1%

F&B Expense ($2,000) -7.7%

Sales & Marketing ($2,000) -10.0%

Insurance ($1,000) -9.1%

Top 5 Favorable

Rooms Revenue +$14,000 +3.8%

F&B Revenue +$1,500 +9.1%

Only 2 favorable variances this period

Active Alerts

9 alerts

Severity	Department	Account	Budget	Var $	Var %	Actions
Critical	Utilities	6500	($16,000)	($4,488)	-28.1%
Critical	Franchise Fees	6600	($40,000)	($6,522)	-16.3%
Warning	Info & Telecom	6200	($4,000)	($500)	-12.5%
Warning	Non-Operating	8xxx	($3,000)	($356)	-11.9%	Acknowledged ✓
Warning	Sales & Marketing	6300	($20,000)	($2,000)	-10.0%
Warning	Insurance	7100	($11,000)	($1,000)	-9.1%
Warning	F&B Expense	5200	($26,000)	($2,000)	-7.7%
Watch	Other Dept Expense	5300	($6,000)	($415)	-6.9%
Watch	Rooms Expense	5100	($70,000)	($2,000)	-2.9%

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