Hospitality Asset Managers Association Offers Certified Hotel Asset Manager Certification to Overseas Members
The CHAM designation places primary emphasis on experience in determining a candidate's qualifications in the area of hotel asset management. To be eligible for certification, candidates must demonstrate a minimum of seven years of lead hotel asset management experience and provide letters of professional recommendation. Upon approval by the CHAM advisory panel, the candidate may take the CHAM exam as the final step in the CHAM certification process.
The four-hour CHAM exam consists of 200-multiple choice questions covering six key areas of knowledge, including the Asset Management Process, Operations, Real Estate & the Physical Asset, Contracts and Legal Aspects, Benchmarking and the Investment Decision. CHAM candidates receive a comprehensive content guide to assist in studying for the exam, and an accompanying resource guide with more than 40 reference materials. Once certified, candidates are required to recertify every five years, to ensure on-going, active involvement in the hospitality asset management field.
"The CHAM designation is the world's only advanced certification available to accomplished hotel asset management professionals, and we anticipate that this certification will not only help asset managers highlight his/her qualifications, but also will assist owners, lenders and the real-estate community more easily identify qualified industry leaders," said Ruby Huang, senior vice president of Starwood Capital Group and president of HAMA.
For additional information about the CHAM certification process, please contact firstname.lastname@example.org for further information. Hotel owners, lenders or real estate investors, please visit the HAMA website www.hamagroup.org for more information on the HAMA organization and a comprehensive list of CHAM certified members.
HAMA members are involved in asset management, acquisition, financing and disposition of hotels and resorts and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and management selection. Its U.S. members represent more than 3,500 hotels and resorts across every major brand, accounting for 775,000 hotel rooms, 250,000 employees, $40 billion in annual revenue and $3 billion in capital expenditures.