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| Melissa Silvers |
BOSTON, MA —The Hotel Asset Management Association (HAMA) announced
that it now offers its Certified Hotel Asset Manager (CHAM) certification
program to non-U.S. asset managers wishing to achieve the profession’s
equivalent of the Certified Public Accountant (CPA).
HAMA recently opened two affiliate organizations, HAMA
Europe and HAMA MEA, adding more than 100 new members to the global
organization. Founded in the U.S. in
1992, HAMA also has affiliates in Asia Pacific and Japan.
“The
responsibilities of hotel asset managers are far more encompassing than they
have ever been in past, and the position has rapidly gained recognition in the
real estate investment community,” said Melissa Silvers, principal for
SCS Advisors and HAMA board member who spearheaded the CHAM program.
“CHAM certification was designed to confirm the
institutional/fiduciary role and expectations of senior asset managers.
"As the role of hospitality asset managers
expanded over the last several years, it became increasingly important to offer
certification to our international members to demonstrate that they have
achieved the same level of expertise as our U.S. members.”
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| Ruby Huang |
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
certification@hamagroup.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.
For a complete copy of the company’s news release, please
contact:
Chris Daly
(703) 435-6293
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