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%
Skeleton Loading Reference
Account Detail
5100 Rooms Expense
January 2025 · SpringHill Suites Houston MC
Static Budget
($70,000)
Flexed Budget
($73,500)
Actual
($72,000)
Variance vs. Flexed
+$1,500
Calculation Method
Per Occupied Room
Rate
$8.50 / occ. room night
Prior Year
($68,000)
GL Account Breakdown
Account Budget Actual Var $ Var %
5110 Front Desk Wages ($23,000) ($24,200) ($1,200) -5.2%
5120 Room Attendants ($29,000) ($29,800) ($800) -2.8%
5130 Housekeeping Supv. ($4,200) ($4,200) $0 0.0%
5140 Guest Supplies ($8,000) ($8,421) ($421) -5.3%
5150 Laundry ($5,800) ($5,379) +$421 +7.3%
Recent Transactions
Showing 8 of 47 transactions
Date Vendor / Description Type Amount
01/03 ADP Payroll - Front Desk (PP 01/01-01/15) Check ($12,100)
01/17 ADP Payroll - Front Desk (PP 01/16-01/31) Check ($12,100)
01/05 Ecolab - Room Cleaning Supplies Bill ($3,842)
01/08 HD Supply - Guest Amenities Bill ($2,450)
01/12 Cintas - Uniform Cleaning Service Bill ($1,890)
01/15 Sysco - Breakfast Supplies Bill ($1,250)
01/20 Home Depot - Maintenance Supplies Credit Card ($680)
01/28 Grainger - HVAC Filter Replacement Credit Card ($425)
View All 47 Transactions →