Singlepane has launched a comprehensive asset management platform built exclusively for hotel owners.
The expanded platform introduces three new integrated modules, notably capital expenditure tracking and approval; contract management solution; and debt service tracking.
It broadens Singlepane’s capabilities well beyond its core business intelligence (BI) offerings.
Already trusted by top hotel ownership groups, including private equity companies and publicly traded REITs [real estate investment trusts], Singlepane’s platform centralises and standardises financial and operational data from hotel operators.
The company’s original BI solution aggregates general ledger-level financials, forecasts, budgets, and proformas across portfolios, enabling owners to conduct deeper financial analysis and drive operational performance.
Capital expenditure tracking and approval streamlines CapEx management from budget planning through final approval.
Contract management offers centralised visibility into key property agreements, with auto-reminders, contract abstraction tools, and a clause library for term benchmarking.
The debt service tracking allows comprehensive oversight of loan terms, payment schedules, and covenant compliance.
Apart from internal financial data, Singlepane continues to expand its integrations with third-party tools in revenue management, labour optimisation, and commercial strategy, reinforcing its value as an end-to-end data and reporting hub for hotel asset owners.
Singlepane CEO Austin Segal said: "Traditional hotel software has predominantly addressed the needs of operators and management companies, leaving hotel owners to navigate their unique challenges with manual processes and oversimplified solutions.
"Significant advancements in broader commercial real estate technology have typically missed the mark for hotels due to the unique operational characteristics of the asset class. Singlepane stands alone as a comprehensive toolkit designed explicitly for hotel owners, simplifying the complex management of hotel assets today, while actively developing capabilities that will soon support owners from initial investment through eventual disposition."
