HotStats, a leading global provider of monthly profit and loss benchmarking data, and the Middle East and Africa affiliate of the Hospitality Asset Managers Association (HAMA), a non-profit organization established in the U.S. in 1991 with more than 750 professionals in asset management, representing an estimated 1.5 million hotel rooms worldwide, have entered into a memorandum of understanding in order to consult, collaborate, cooperate and exchange information with each other in areas of mutual interest that will further their respective strategic interests and objectives.
The relationship will allow HotStats to leverage the expertise of HAMA MEA for various objectives, including content pieces, semi-annual and yearly performance reviews, webinars and more. Conversely, HAMA MEA, whose mission is the enhancement of hospitality asset managers through education and advancement of the profession, will be able to harness the power of HotStats’ unique profit and loss data to aid and fuel their work in asset management, acquisition, financing and disposition of hotels and resorts.
This is the second collaboration announced between HotStats and a HAMA affiliate, following an earlier agreement with HAMA EU, HAMA’s European affiliate chapter.
HAMA has a global presence, with affiliate chapters also in the U.S., Asia-Pacific, Japan and China.
“We are excited to enter into this strategic relationship with HotStats, whose profit and loss data we view as instrumental, especially during these unprecedented and challenging times for the global hospitality industry,” said René Beil, President of HAMA MEA and Managing Director of Beaufort Asset Management. “Our members will have the ability to tap into HotStats’ wealth of revenue and expense data to understand the trends driving hotel performance in the region and beyond.”
“If ever there was a need for strong hotel asset management, it’s now, and HAMA’s Middle East and Africa chapter contains a wealth of professionals who provide just that,” said Michael Grove, Managing Director, EMEA of HotStats. “We are proud of this partnership that will allow these professionals to leverage our data and excited to be part of its evolution.”