Issue:

A leading hospitality REIT needed to improve its internal templates and processes for capital planning and budgeting across its portfolio of properties. The existing approach lacked consistency and efficiency, which created challenges in maintaining accurate, property-level planning and budget control, and internal stakeholder reporting.

Solution:

StoneTurn collaborated with key project and administrative team members to understand specific operational and reporting needs, then developed and refined standardized templates tailored to the client’s requirements and comprehensive enough to be utilized in a variety of markets, project sizes and use cases. StoneTurn worked closely with both internal and external project managers to implement these templates across all properties in the portfolio, ensuring adoption and alignment with the organization’s broader financial planning goals.

Results:

The engagement led to more efficient and well-controlled capital planning and budgeting processes at the property level. The client now benefits from improved transparency, consistency, and oversight in capital project planning and execution across its entire portfolio.