Today is the first day of the rest of your career. Make it count.

For nearly 8 years, the CHAM (Certified Hotel Asset Manager) is the world’s only advanced certification available to accomplished hotel asset management professionals. CHAM designees represent an elite group of senior hospitality professionals whose advanced expertise in all facets of hotel ownership and operations was developed over a significant number of years serving in the role of “lead” asset manager. Achieving CHAM certification constitutes the ultimate recognition of excellence in the asset management sphere.

Apply Now

Today is the first day of the rest of your career. Make it count.

For nearly 8 years, the CHAM (Certified Hotel Asset Manager) is the world’s only advanced certification available to accomplished hotel asset management professionals. CHAM designees represent an elite group of senior hospitality professionals whose advanced expertise in all facets of hotel ownership and operations was developed over a significant number of years serving in the role of “lead” asset manager. Achieving CHAM certification constitutes the ultimate recognition of excellence in the asset management sphere.

Apply Now

CHAM History

The certification was launched in 2012 under the guidance of the Hospitality Asset Managers Association (HAMA) in order to establish industry-wide “standards of excellence” within the hotel asset management profession as a means for further solidifying the institutional/fiduciary role and expectations of a senior asset manager within the international hotel real estate community.

CHAM Panel

A CHAM Advisory Panel, comprised of leading hotel asset management professionals and distinguished members of academia, is responsible for reviewing and approving all candidate applications and ensuring the exam content and questions are updated as needed to reflect the on-going evolution of the hotel asset management profession and hospitality industry. Advisory Panel members are CHAM designees appointed by the HAMA Board of Directors.

CHAM Recertification Program

Once certified, designees are automatically enrolled in the CHAM Recertification Program, which recognizes and rewards continuing efforts toward hospitality career growth. A portfolio to help track professional-development activities is provided. The Advisory Panel will recertify those who qualify based on their accomplishments over the preceding five (5) year period. The CHAM designation and logo may be used on letterhead, business cards, and other writings.

Three easy steps to get started.

1

Apply for CHAM

CHAM is the world’s only advanced certification available to accomplished hotel asset management professionals.

2

Attend the CHAM Exam

HAMA has partnered with AH&LA’s Educational Institute to offer an online exam option for interested candidates. All online exams require that examinations be administered under the supervision of a CHAM designee serving as proctor.

3

Become CHAM

Achieving the CHAM certification represents the ultimate recognision of your asset management expertise. Once certified, designees are automatically enrolled in the CHAM Recertification Program.

CHAM Pre-requisites

The CHAM designation relies first and foremost on experience in determining a candidate’s level of expertise in the area of hotel asset management. Documented evidence of sufficient lead hotel asset management experience is required along with letters of recommendation and payment of an exam fee for a candidate’s application to be processed and reviewed by the CHAM Advisory Panel. Once the Advisory Panel approves the application, the candidate may take the CHAM exam as the final step in the CHAM designation process. Details behind each CHAM prerequisites are below:

CHAM Fees

ALL ABOUT CHAM EXAM AND ITS STRUCTURE

CHAM Exam

The CHAM Exam consists of 200 multiple-choice questions that must be answered within a four (4) hour time period. All test questions are designed to test the candidate’s mastery of various competencies derived from six (6) key areas of knowledge in combination with the minimum years of lead hotel asset management experience. To successfully pass the exam, candidates must achieve an overall minimum score of 70% (140 of 200 questions correct) with a minimum passing score of 50% on all sections.

Candidates who fail to achieve a passing score on the first attempt may choose to retake the exam in its entirety, or alternatively to retake only selective sections in which the candidates wish to improve their scores. Candidates who do not successfully pass the exam on the second attempt will need to reapply for candidacy, subject to waiver for extenuating circumstances at the sole discretion of the CHAM Advisory Panel.

ALL YOU NEED TO PREPARE FOR CHAM EXAM

Preparation Materials

Confirmed candidates for the Certified Hotel Asset Manager (CHAM) designation will receive a personalized electronic Content Guide to assist in preparing for the examination. The Content Guide will review the core competencies associated with each knowledge domain included in the exam. These knowledge domains are as follows:

  • The Asset Management Process
  • Hotel Operations
  • Real Estate and the Physical Asset
  • Contracts and Legal Aspects
  • Financial Analysis and Benchmarking
  • The Investment Decision

PROCESS TO APPLY FOR CHAM EXAM

Application Process

You can proceed with an online application or alternatively download the application form below.

Start Application Process

If you chose not to apply online, kindly download the above application form, complete, sign, date, and send it to the attention of Mr. Amit Nayak at certification@www.hamamea.org.  Alternatively, you can mail your application along with the fee cheque at the following address:

HOSPITALITY ASSET MANAGER’S ASSOCIATION MEA,
Dubai International Financial Center
Gate Village Building 10 • Level 4 • Unit 410, PO23506
Dubai • United Arab Emirates

attention of Mr. Amit Nayak. Please allow 21 days for a follow-up from the certification administrator.

ASSESS YOURSELF FOR BEFORE THE EXAM

Assessment Tools

Approved candidates for CHAM can test their readiness for the CHAM exam with the online CHAM Assessment Tool available through AH&LA’s Educational Institute. The CHAM Assessment Tool is available only to CHAM applicants who have been approved to take the CHAM exam.

The CHAM Assessment is an online diagnostic tool to help assess areas of hotel asset management knowledge and prepare candidates prior to taking the CHAM exam. This tool will help you gauge your expertise in the knowledge and skills needed by today’s hotel asset managers.

The CHAM Assessment Tool consists of one 30-question quiz that correlates to the six (6) sections of the exam knowledge domains listed above. The assessment can be completed within a limited time period and targets all six knowledge domains with questions similar in format and content to those contained on the CHAM exam. After completion of the test, candidates receive an evaluation report indicating their score and skill level against the required benchmarks. For more information, please e-mail certification@www.hamamea.org .

ALL ABOUT CHAM EXAM AND ITS STRUCTURE

CHAM Exam

The CHAM Exam consists of 200 multiple-choice questions that must be answered within a four (4) hour time period. All test questions are designed to test the candidate’s mastery of various competencies derived from six (6) key areas of knowledge in combination with the minimum years of lead hotel asset management experience. To successfully pass the exam, candidates must achieve an overall minimum score of 70% (140 of 200 questions correct) with a minimum passing score of 50% on all sections.

Candidates who fail to achieve a passing score on the first attempt may choose to retake the exam in its entirety, or alternatively to retake only selective sections in which the candidates wish to improve their scores. Candidates who do not successfully pass the exam on the second attempt will need to reapply for candidacy, subject to waiver for extenuating circumstances at the sole discretion of the CHAM Advisory Panel.

ALL YOU NEED TO PREPARE FOR CHAM EXAM

Preparation Materials

Confirmed candidates for the Certified Hotel Asset Manager (CHAM) designation will receive a personalized electronic Content Guide to assist in preparing for the examination. The Content Guide will review the core competencies associated with each knowledge domain included in the exam. These knowledge domains are as follows:

  • The Asset Management Process
  • Hotel Operations
  • Real Estate and the Physical Asset
  • Contracts and Legal Aspects
  • Financial Analysis and Benchmarking
  • The Investment Decision

PROCESS TO APPLY FOR CHAM EXAM

Application Process

You can proceed with an online application or alternatively download the application form below.

Start Application Process

Payment will not be processed by HAMAMEA.

ASSESS YOURSELF FOR BEFORE THE EXAM

Assessment Tools

Approved candidates for CHAM can test their readiness for the CHAM exam with the online CHAM Assessment Tool available through AH&LA’s Educational Institute. The CHAM Assessment Tool is available only to CHAM applicants who have been approved to take the CHAM exam.

The CHAM Assessment is an online diagnostic tool to help assess areas of hotel asset management knowledge and prepare candidates prior to taking the CHAM exam. This tool will help you gauge your expertise in the knowledge and skills needed by today’s hotel asset managers.

The CHAM Assessment Tool consists of one 30-question quiz that correlates to the six (6) sections of the exam knowledge domains listed above. The assessment can be completed within a limited time period and targets all six knowledge domains with questions similar in format and content to those contained on the CHAM exam. After completion of the test, candidates receive an evaluation report indicating their score and skill level against the required benchmarks. For more information, please e-mail certification@www.hamamea.org .

HAMA Book

Hospitality Asset Managers Association has published the third edition of Hotel Asset Management: Issues & Perspectives, edited by Rich Musgrove, CHAM, CHA; Lori Raleigh, ISHC; and A. J. Singh, Ph.D. The book is a one-of-a-kind resource for hotel investors, asset managers and other industry professionals, and is a valuable addition to post-secondary hospitality management classes in finance, real estate, and asset management.

The third edition of this book takes a look at the challenges and opportunities faced by hotel owners, lodging industry real estate professionals, and hotel company executives, with articles written by industry leaders in asset management. The articles are divided into four sections:

  • foundations and processes of asset management
  • real estate and the physical asset
  • contracts and legal aspects of asset management
  • planning and executing the hotel investment

This edition is the most comprehensive to date and includes twenty-one chapters by 37 authors, covering topics of interest to hotel owners, investors and asset managers, including:

  • Channel Management: OTA’s and the Rising Cost of Customer Acquisition
  • Evaluating Franchise and Chain Affiliation Programs
  • Managing Technology from the Hotel Owners Perspective
  • Key Legal Issues: the Battle for Control
  • Risk vs Reward: A Lender’s View of Hotel Investment Trends
  • The Art of the Capital Structure
  • Everything You Wanted to Know about Hospitality Valuation and Techniques, But Were Afraid to Ask
  • Buy Hold Sell Analysis