Specialty Advisors

Route HMA and CAM costs

Decide whether hotel costs need HMA or lease CAM review.

By Angel Campa, FounderUpdated July 15, 2026

I work as a principal engineer. I built the engine behind these audits. Each finding points to the lease clause and the bill line. Your team reviews and signs first.

Route HMA and CAM costs

Use the governing contract to route each hotel charge.

HMA fees come from an HMA. An HMA is the hotel manager deal. CAM charges come from a tenant lease and landlord statement.

Owned hotel costs are neither. They belong in hotel accounting or asset review.

Franchise fees also need their own contract lane. Do not test them as CAM.

Map the entities first

Start with people and companies, not fee names.

An ABA guide maps hotel roles. Use those roles to name each contract lane.

List these roles:

  • Real estate owner
  • Hotel owner
  • Tenant under each lease
  • Hotel manager
  • Brand company
  • Entity named on each bill

One company may fill two roles. Do not assume that without proof.

Name the contract

A hotel contract guide gives the core difference. A tenant takes business risk under a hotel lease.

Under an HMA, a manager runs the hotel. The manager acts for the hotel owner.

Use that distinction for routing only. It is not legal advice.

Contract Main relationship Common review lane
Hotel management agreement Owner and hotel manager HMA review
Franchise agreement Hotel owner and brand Brand review
Ground lease Land owner and ground tenant Deal and lease review
Premises lease Landlord and tenant Lease CAM review
Service contract Hotel and vendor Hotel accounting review

The contract name alone may be wrong. Read the signed duties and named parties.

Follow the decision tree

Use this tree for each questioned charge.

  1. Does a tenant lease create the charge?
  2. Did a landlord issue the charge?
  3. Does the charge use CAM lease terms?
  4. Is there a CAM statement and support?
  5. Is the paying entity the lease tenant?

If every answer is yes, use CAM review.

If the HMA creates the fee, use HMA review. If the franchise deal creates it, use brand review.

If the hotel owns the cost, use hotel accounting. If a ground lease creates it, map that lease first.

If legal meaning is unclear, ask counsel.

Route each charge

Use one row per charge and source.

Charge Governing source Reviewer
HMA base fee HMA fee section HMA advisor
HMA incentive fee HMA fee section HMA advisor
Franchise royalty Franchise agreement Brand advisor
Hotel payroll Hotel records Hotel accountant
Ground rent Ground lease Deal advisor
Percentage rent Lease rent section Lease reviewer
Landlord CAM Lease and CAM statement CAM reviewer
Property tax pass through Lease and tax support Tax and CAM reviewer
Insurance pass through Lease and policy support Insurance and CAM reviewer

Do not route by the word fee alone. The governing source makes the decision.

Check for two contracts

A hotel can have an HMA and a lease.

A 2025 Sonesta form HMA shows this split. It names a separate property lease.

It also gives a manager control of hotel work. The SEC filing gives one U.S. contract example.

It is not one standard hotel form. Use it to remember both contracts may exist.

In that structure, one hotel may have two reviews. HMA fees go to the HMA reviewer.

Landlord CAM may go to the CAM reviewer. Keep the source files separate.

Walk one routing case

This example is fictional. The entities and facts are made up.

Harbor Owner LLC owns a hotel business. Bay Manager LLC runs that hotel.

Their HMA charges a base manager fee. Harbor Owner LLC also leases the hotel site.

The site landlord sends a CAM statement. The statement names Harbor Owner LLC as tenant.

Route the costs this way:

Cost Contract Result
Base management fee HMA HMA review
Hotel payroll Hotel records Hotel accounting
Ground rent Site lease Ground lease review
Landlord CAM Site lease CAM review
Site insurance charge Site lease Insurance and CAM review

The HMA fee stays out of CAM review. The payroll also stays outside CAM.

The landlord statement may enter CAM review. First, match it to the signed lease.

Use a no fit worksheet

Some client questions need no CAM work.

Question Yes or no
Is the client a tenant?
Does a signed lease create the charge?
Did the landlord issue the charge?
Is a CAM statement present?
Does the tenant entity match?
Are core lease files complete?
Is legal meaning clear?

Any early No may end CAM review. Write the correct route beside that answer.

Do not buy or start CAM work for HMA fees. Do not start it for owned hotel costs.

Check tenant status with the leased property guide. A fit lease CAM charge moves into the hotel CAM queue. Land rent shifts to the ground lease guide.

Use the tree during client intake. The hotel advisor pillar sets its lease scope.

A fee may fit neither HMA nor lease. Check the specialty advisor hub.

Another firm may own that fee. Pick it in the Practice Growth hub.

Where CAMAudit fits

CAMAudit belongs only on the lease CAM branch. It is not an HMA review tool.

Hotel advisors keep HMA fees outside the CAM review.

It is not hotel accounting or asset work. It does not give legal advice.

CAMAudit can read supplied lease and CAM files. It may flag items and cite source lines.

It can build a branded CAM audit. Your firm reviews and signs that audit.

CAMAudit may prepare a dispute letter draft. Your firm reviews the draft before use.

Have counsel review before sending.

Use the service line guide for fit work only.

Get started

Sources

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