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	Last Year	Static Budget	Flexed Budget	Actual	Var $	Var %	Proj. Month-End	Month-End Fcst
Operating Revenue
4110Room Revenue — Business	$185,000	$190,000	$190,000	$198,000	+$8,000	+4.2%	$198,000	$199,200
4120Room Revenue — Pleasure	$120,000	$118,000	$118,000	$122,000	+$4,000	+3.4%	$122,000	$122,500
4130Room Revenue — Group	$55,000	$52,000	$52,000	$54,000	+$2,000	+3.8%	$54,000	$54,300
4140Room Revenue — No Show	$3,000	$5,000	$5,000	$5,500	+$500	+10.0%	$5,500	$5,550
4190Room Revenue — Rebates	($1,500)	($2,000)	($2,000)	($2,500)	($500)	-25.0%	($2,500)	($2,550)
► Rooms Revenue Subtotal	$362,000	$363,000	$363,000	$377,000	+$14,000	+3.9%	$377,000	$379,000
4211Food Revenue	$10,000	$10,000	$10,000	$11,000	+$1,000	+10.0%	$11,000	$11,100
4212Beverage Revenue	$3,000	$3,000	$3,000	$3,200	+$200	+6.7%	$3,200	$3,220
4230Market Revenue	$2,500	$2,500	$2,500	$2,800	+$300	+12.0%	$2,800	$2,830
4290Miscellaneous Revenue	$1,300	$1,000	$1,000	$1,000	$0	0.0%	$1,000	$1,000
► Other Revenue Subtotal	$16,800	$16,500	$16,500	$18,000	+$1,500	+9.1%	$18,000	$18,150
4250Parking Revenue	$5,000	$5,000	$5,000	$5,300	+$300	+6.0%	$5,300	$5,350
4240Guest Laundry Revenue	$1,000	$1,000	$1,000	$900	($100)	-10.0%	$900	$920
► Misc Revenue Subtotal	$9,500	$10,500	$10,500	$10,300	($200)	-1.9%	$10,300	$10,400
Total Revenue	$391,000	$395,000	$395,000	$410,000	+$15,000	+3.9%	$410,000	$411,650
Departmental Expenses
5111Front Office Manager	($4,500)	($4,800)	($4,800)	($4,800)	$0	0.0%	($4,800)	($4,800)
5112Executive Housekeeper	($4,000)	($4,200)	($4,200)	($4,200)	$0	0.0%	($4,200)	($4,200)
5121Front Desk Wages	($9,500)	($10,000)	($10,500)	($10,800)	($300)	-2.9%	($10,800)	($10,700)
5122Night Audit Wages	($3,500)	($3,500)	($3,675)	($3,600)	+$75	+2.0%	($3,600)	($3,580)
5131Room Attendants	($11,000)	($11,500)	($12,075)	($12,200)	($125)	-1.0%	($12,200)	($12,100)
5132Breakfast Attendants	($3,500)	($3,500)	($3,675)	($3,800)	($125)	-3.4%	($3,800)	($3,760)
5134Laundry Wages	($2,500)	($2,500)	($2,625)	($2,600)	+$25	+1.0%	($2,600)	($2,580)
5141Guest Supplies	($5,500)	($5,000)	($5,250)	($5,400)	($150)	-2.9%	($5,400)	($5,350)
5151Cleaning Supplies	($3,000)	($3,000)	($3,150)	($3,200)	($50)	-1.6%	($3,200)	($3,180)
5152Laundry Supplies	($2,000)	($2,000)	($2,100)	($2,100)	$0	0.0%	($2,100)	($2,080)
5162OTA Commissions	($10,000)	($10,000)	($10,380)	($11,200)	($820)	-7.9%	($11,200)	($11,100)
► Rooms Expense Subtotal	($68,000)	($70,000)	($73,500)	($72,000)	+$1,500	+2.0%	($72,000)	($71,800)
5211Food Cost	($8,000)	($8,500)	($8,823)	($9,500)	($677)	-7.7%	($9,500)	($9,400)
5212Beverage Cost	($2,000)	($2,000)	($2,076)	($2,200)	($124)	-6.0%	($2,200)	($2,180)
5214F&B Labor	($12,000)	($12,500)	($13,125)	($13,000)	+$125	+1.0%	($13,000)	($12,900)
5230Market Expense	($1,800)	($2,000)	($2,076)	($2,100)	($24)	-1.2%	($2,100)	($2,080)
► F&B/Other Expense Subtotal	($25,000)	($26,000)	($27,100)	($28,000)	($900)	-3.3%	($28,000)	($27,500)
53xxOther Dept Expense (grouped)	($5,800)	($6,000)	($6,228)	($6,400)	($172)	-2.8%	($6,400)	($6,300)
Total Dept Expenses	($99,000)	($102,000)	($106,828)	($106,000)	+$828	+0.8%	($106,000)	($105,600)
Departmental Profit	$292,000	$293,000	$288,172	$304,000	+$15,828	+5.5%	$304,000	$306,050
Undistributed Expenses
6111Management Wages	($8,000)	($8,500)	($8,500)	($9,000)	($500)	-5.9%	($9,000)	($8,900)
6112Security	($2,000)	($2,000)	($2,000)	($2,200)	($200)	-10.0%	($2,200)	($2,180)
6114Contract Labor	($3,000)	($3,000)	($3,000)	($3,500)	($500)	-16.7%	($3,500)	($3,450)
6131CC Processing	($9,000)	($9,000)	($9,342)	($9,800)	($458)	-4.9%	($9,800)	($9,700)
6141Operating Supplies	($2,000)	($2,000)	($2,000)	($2,100)	($100)	-5.0%	($2,100)	($2,080)
6171Software Subscriptions	($3,000)	($3,500)	($3,500)	($3,500)	$0	0.0%	($3,500)	($3,500)
61xxOther A&G Lines	($7,000)	($8,000)	($8,000)	($7,900)	+$100	+1.3%	($7,900)	($7,850)
► A&G Subtotal	($34,000)	($36,000)	($36,342)	($38,000)	($1,658)	-4.6%	($38,000)	($37,500)
6210–6240IT (grouped)	($3,800)	($4,000)	($4,000)	($4,500)	($500)	-12.5%	($4,500)	($4,400)
6310–6360S&M (grouped)	($19,000)	($20,000)	($20,760)	($22,000)	($1,240)	-6.0%	($22,000)	($21,800)
6410–6450POM (grouped)	($16,000)	($17,000)	($17,000)	($18,000)	($1,000)	-5.9%	($18,000)	($17,800)
6510Electricity	($10,000)	($8,000)	($8,000)	($12,000)	($4,000)	-50.0%	($12,000)	($11,900)
6520Gas	($3,000)	($3,000)	($3,000)	($3,200)	($200)	-6.7%	($3,200)	($3,180)
6530Water & Sewer	($3,000)	($3,000)	($3,000)	($3,500)	($500)	-16.7%	($3,500)	($3,480)
6540Trash & Recycling	($2,500)	($2,000)	($2,000)	($1,800)	+$200	+10.0%	($1,800)	($1,820)
► Utilities Subtotal	($18,500)	($16,000)	($16,000)	($20,500)	($4,500)	-28.1%	($20,500)	($20,200)
6610Franchise Royalty	($20,000)	($20,000)	($20,760)	($23,500)	($2,740)	-13.2%	($23,500)	($23,300)
6620Program Services	($12,000)	($12,000)	($12,456)	($14,000)	($1,544)	-12.4%	($14,000)	($13,900)
6630Loyalty Program	($7,000)	($8,000)	($8,304)	($9,000)	($696)	-8.4%	($9,000)	($8,900)
► Franchise Fees Subtotal	($39,000)	($40,000)	($41,520)	($46,500)	($4,980)	-12.0%	($46,500)	($46,000)
Total Undistributed	($130,000)	($133,000)	($135,622)	($150,000)	($14,378)	-10.6%	($150,000)	($147,700)
Gross Operating Profit (GOP)	$150,000	$160,000	$152,550	$154,000	+$1,450	+0.9%	$154,000	$158,350
Management Fees
7310Management Fees	($9,500)	($9,900)	($9,900)	($10,300)	($400)	-3.9%	($10,300)	($10,100)
Fixed Charges
7110Property Insurance	($5,000)	($5,000)	($5,000)	($5,500)	($500)	-10.0%	($5,500)	($5,500)
7120General Liability	($3,000)	($3,000)	($3,000)	($3,000)	$0	0.0%	($3,000)	($3,000)
7140Workers Comp	($2,000)	($2,000)	($2,000)	($2,500)	($500)	-25.0%	($2,500)	($2,500)
7150Health Insurance	($1,000)	($1,000)	($1,000)	($1,000)	$0	0.0%	($1,000)	($1,000)
► Insurance Subtotal	($11,000)	($11,000)	($11,000)	($12,000)	($1,000)	-9.1%	($12,000)	($12,000)
7210Real Estate Tax	($25,000)	($26,000)	($26,000)	($26,800)	($800)	-3.1%	($26,800)	($26,800)
7220Personal Property Tax	($2,500)	($2,000)	($2,000)	($2,000)	$0	0.0%	($2,000)	($2,000)
► Property Tax Subtotal	($27,500)	($28,000)	($28,000)	($28,800)	($800)	-2.7%	($28,800)	($28,800)
7310FF&E Reserve	($2,000)	($2,000)	($2,000)	($2,000)	$0	0.0%	($2,000)	($2,000)
Total Fixed Charges	($40,500)	($41,000)	($41,000)	($42,800)	($1,800)	-4.3%	($42,800)	($42,800)
Non-Operating
7720Key Money Amortization	($3,000)	($3,000)	($3,000)	($3,400)	($400)	-11.9%	($3,400)	($3,350)
Net Operating Income (NOI)	$97,000	$106,000	$98,250	$101,000	+$2,750	+2.8%	$101,000	$102,136

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	% 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

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 ✓ HVAC compressor replacement, one-time — Sam, 01/15
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%

Skeleton Loading Reference

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)

Budget & Performance

Annual Budget Entry — 2025

Active Alerts

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%