01
Site and keys
Site areaGFAKeysKey mixF&B area
Hotels and accommodation · Sector in build
Hotel feasibility, modelled to stabilised EBITDA.
Keys, ADR, occupancy, RevPAR, operating margin and stabilised EBITDA at exit. Popurise is live for residential today and is expanding into hotels and accommodation next.
Why this sector
Stop modelling a hotel like fifty apartments.
Hotel feasibility lives on RevPAR, operating margin and stabilised EBITDA. Spreadsheets that treat keys as units miss the operating cost stack that decides the deal.
- 01
Keys, ADR and occupancy.
RevPAR falls out of three real inputs, not a single rent rate.
- 02
Operating costs front and centre.
Departmental and undistributed costs as real inputs, not a margin.
- 03
Stabilised EBITDA at the top.
Gross operating profit net of management fee, FF&E reserve and fixed costs.
- 04
Exit yield as the test.
Stabilised EBITDA capitalised at exit yield, less sale costs.
- 05
Compare ramp scenarios.
Slow, base and fast ramp on occupancy and ADR, in one project.
- 06
Hold IRR not just margin.
Equity IRR across construction, ramp and exit.
The spreadsheet problem
Stop letting the spreadsheet flatten the trade.
Hotels are trading assets. Most workbooks borrowed from real estate flatten the operating model and miss what decides the deal.
- 01Keys treated as residential unitsKeys, ADR and occupancy modelled together
- 02Operating costs absorbedDepartmental and undistributed cost stack
- 03RevPAR not in the answerRevPAR live in the output panel
- 04FF&E reserve ignoredReserve as an input
- 05Stabilised EBITDA hand-reconciledStabilised EBITDA live in outputs
- 06Hold IRR ignoredEquity IRR across construction, ramp and exit
- 07Final_v7 becomes the systemOne live project, one scenario set
The difference
Run hotel feasibilities faster.
Spreadsheets borrowed from residential miss the trade. Generic property tools miss the operating margin. Popurise is being built for hotel teams that want stabilised EBITDA in minutes.
What you get
Excel workbookBuild it yourself
Spreadsheet templateOff the shelf
Legacy softwareTrained user tool
PopuriseBuilt around the deal
Best fit
Analyst-built trading models
Generic property templates
Trained users
Hotel and accommodation feasibility
Revenue inputs
Single rate
Single rate
Available, heavy
Keys, ADR, occupancy
Operating costs
Absorbed
Flat margin
Heavy to configure
Departmental and undistributed
Stabilised EBITDA
Hand-reconciled
Manual
Available with effort
Live output
Hold IRR
Not modelled
Limited
Heavy
Across construction, ramp and exit
Scenario testing
Copy files
Manual
Heavy
Side by side
Version control
File chaos
File chaos with formatting
Better, but heavier
One live project
Cashflow visibility
Buried
Basic
Available, not quick
Monthly cashflows in one view
Get to the answer faster, without spreadsheet mess or software bloat.
Register interestHow it works
Three steps to a faster hotel decision.
Model the asset, compare ramp cases and decide whether the keys are worth bidding.
Step 01
Model the deal
Set the site, keys, ADR, occupancy, operating costs and exit yield in one workspace.
Step 02
Compare the cases
Test slow, base and fast ramp on ADR and occupancy without copying files.
Step 03
Make the call
See yield on cost, stabilised EBITDA and hold IRR. Decide what gets the next round.
What the model handles
A hotel model, not a renamed apartment build.
The Popurise hotel model is being scoped around keys, ADR, occupancy, operating margin and exit yield, for Australian developers and operators.
02
Land and acquisition
Land costStamp dutyAcquisitionSettlement
03
Build costs
StructureFaçadeFF&EF&B fit-outContingency
04
Revenue inputs
ADROccupancyRevPARF&BOther
05
Operating costs
DepartmentalUndistributedManagement feeReserve
06
Finance and exit
LVRInterestCap rateExit value
07
Programme
AcquisitionConstructionRampStabilisation
Popurise model
Inputs stay connected. Change the deal, see the answer move.
Output · PlannedDriven by sector-specific assumptions
Returns
Yield on cost7.2%
Stabilised EBITDA$14.6M
Exit value$208.0M
RevPAR$184
Operating margin32.4%
Hold IRR14.8%
Peak debt$132.0M
Peak equity$68.0M
Development directors
Decide which hotel sites deserve a real bid.
Acquisition teams
Screen sites against a target stabilised yield.
Operators
Sanity-check ADR, occupancy and ramp assumptions.
Asset managers
Stress-test exit cap rate and stabilised EBITDA.
Funds and investors
Sanity-check stabilised value against the cost stack.
Why it exists
A better way to run hotel feasibility.
Popurise is being built around the inputs that decide a hotel deal: keys, ADR, occupancy, operating margin and stabilised EBITDA, in one workspace.
Built for hotels
Model keys, ADR, occupancy, operating costs and exit yield in one workspace designed around stabilised EBITDA.
Made for faster site screening
Use Popurise to test whether a hotel site is worth bidding before the deeper bid model is built.
Clearer than spreadsheet files
Keep ramp scenarios, operating cost stacks and cashflows together so the stabilised answer is easy to review.
Popurise helps hotel teams replace fragile workbooks with a cleaner browser-based workspace for hotel feasibility and stabilised EBITDA review.
Questions
Hotel feasibility, answered.
Straight answers on how Popurise will handle hotel and accommodation feasibility for Australian developers and operators.
Is the hotel model live today?
Not yet. Popurise is live for residential development feasibility. Hotels and accommodation are a future sector being scoped on the same platform.
How is revenue modelled?
Keys, ADR and occupancy combine to RevPAR. F&B and other revenue lines sit alongside, with separate margins.
How are operating costs modelled?
Departmental costs by revenue line and undistributed costs at the property level. Management fee and FF&E reserve are separate inputs.
What does the stabilised EBITDA output represent?
Annual EBITDA at stabilised occupancy, net of operating costs, management fee and reserve.
Will it support different operating models?
Lease, management agreement and hybrid operating models are being scoped, with separate cost structures for each.
Will it model serviced apartments?
Yes. Serviced apartments and short-stay accommodation can be modelled with their own key mix and rate structure.
How do I register interest?
Use the Register interest button. Tell us how your team currently models hotel feasibility and what would help.
Want to shape hotel feasibility in Popurise?
Tell us how your team models hotels and accommodation today. We are building this with the developers and operators who will use it.