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Lender Accounting Services

Led by CHM's Corporate Controller and in-house CPA, the CHM Accounting Team is available to provide a wide-variety of ownership-level accounting services. While services are fully customized to meet specific client needs, the following provides a sample of the accounting role CHM currently fulfills on behalf of several existing clients:

  • Recordkeeping: Perform ownership-level, US GAAP based accounting and financial reporting not typically provided by hotel operator, to include calculations for interest, taxes, depreciation, amortization, or the related balance sheet accounts.
  • Cash Flow Forecasting & Planning: Prepare cash flow forecasts for the ownership entity taking into account forecasted cash from operations, projected debt service obligations, ownership expenses, and other obligations under the management agreement to assist with planning for any cash requirements or distributions.
  • Compliance: Coordinate Audit, Tax, and Debt compliance with outside CPA firms, lenders and legal counsel.
  • Disposition: Draft Purchase and Sale Agreement proration language with legal counsel and coordinate the calculation of proration adjustments with the hotel Controller and outside accountants to ensure accuracy.