The TS Report
Independent financial and operating analysis for owners of select-service and extended-stay hotels across the United States. Thompson Square connects your existing reporting to the operating story and the questions that deserve ownership’s attention.
REQUEST A TS REPORTFour pages.
A clearer view of your hotel.
A focused assessment of performance, the issues worth following, and the questions ownership should be asking.
Illustrative sample report. All property information and figures below are fictional.
Start with the
owner’s perspective.
The essential story, on one page. See what changed, what is driving the results, and where ownership should focus the next conversation.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
THE
TS REPORT
Owner Performance Brief
Owner Brief
Revenue finished 3.3% below forecast, with a larger decline in GOP (−8.4%) as labor costs and third-party expenses increased. Occupancy softened modestly, while ADR continues to run below forecast for the third consecutive month. Housekeeping productivity and contract labor are the primary operating concerns. Parking revenue continues to improve and is approaching historical performance.
Put the results
in context.
Revenue and profit only tell part of the story. Compare actual performance with the forecast and see whether recent results are part of a wider trend.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
Property Performance
| Metric | Actual | Forecast | Variance | Var % | YTD Var % |
|---|---|---|---|---|---|
| Occupancy | 76.6% | 82.4% | (5.8 pts) | — | −0.5 pts |
| ADR | $168.30 | $173.40 | ($5.10) | −2.9% | −1.8% |
| RevPAR | $128.92 | $142.88 | ($13.96) | −9.8% | −2.4% |
| Total Revenue | $1,241,000 | $1,283,000 | ($42,000) | −3.3% | 2.4% |
| GOP | $412,000 | $450,000 | ($38,000) | −8.4% | 5.6% |
| GOP Margin | 33.2% | 35.1% | (1.9 pts) | — | 1.0 pts |
Revenue and GOP Trend
Forecast Accuracy
Keep important
issues in view.
A finding should lead to follow-through. The watchlist records the issue, management’s explanation, the potential exposure, and when ownership should revisit it.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
TS Watchlist
Housekeeping Productivity
- First Identified
- July 2026
- Current Status
- Deteriorating
- Management Position
- Staffing transition and training
- TS Observation
- Permanent staffing levels have improved, but productivity has not yet normalized. Labor hours remain elevated relative to occupied rooms.
- Estimated Exposure
- ~$65,000 YTD
- Next Check
- October 2026
- Forward Opportunity
- ~$64,000 annualized; separate from YTD exposure
ADR Forecast Accuracy
- First Identified
- August 2026
- Current Status
- Watch
- Management Position
- Uncertain group pace / softer transient demand
- TS Observation
- Third consecutive monthly miss below forecast. Market performance does not fully explain the variance. Continue to monitor for pattern.
- Estimated Exposure
- ~$120,000 annualized opportunity
- Next Check
- October 2026
Engineering Contract Labor
- Opened
- June 2026
- Resolved
- September 2026
- TS Observation
- Earlier repair work is complete; associated contract labor costs are no longer recurring.
- Impact
- ~$24,000 (prior month)
- Status
- Closed — no further action at this time.
Turn insight into
better conversations.
A concise set of practical questions helps ownership go beyond the headline numbers and focus the discussion on what deserves an explanation or a closer look.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
Questions Worth Asking
What productivity target is management currently using for housekeeping, and when does management expect performance to normalize?
Context: Labor hours have remained elevated relative to occupied rooms for three months.What specifically has driven the three consecutive ADR misses relative to forecast?
Context: Market performance does not fully explain the variance.What parking capture percentage is management targeting by year-end?
Context: Capture continues to improve and is approaching prior-year performance.Opportunity Signal
Potential annualized financial opportunity currently under observation.
$184,000Represents identified performance signals and should not be interpreted as guaranteed savings.Illustrative calculation
Labor: $64,000 + rate: $120,000 = $184,000 per year. Excludes historical YTD exposure and resolved prior-month costs. Assumes no overlap between the two opportunities; further validation is required.
Item Summary
Open Watch Items 2
Items Resolved This Period 1
New Items This Period 0
A complete operating picture.
Six areas of focus, viewed through the lens of ownership.
Financial Performance
Revenue, GOP, margins, and key operating metrics vs. budget, prior year, and market.
Labor & Productivity
Labor costs, productivity trends, departmental performance, and staffing models.
Revenue & Opportunity
Rate performance, mix, ancillary revenue, lost opportunity, and market positioning.
Expense & Leakage
Third-party expenses, contract services, and other areas of potential leakage.
Forecast & Budget
Forecast accuracy, budget assumptions, and forward-looking risks and opportunities.
Owner Priorities
Issues that matter most to ownership, including asset value, cash flow, and long-term positioning.
A clearer
owner perspective.
Thompson Square does not replace your management reporting. We interpret it from the owner side—connecting the numbers to operations, identifying what matters, and highlighting where a closer look may be warranted.
Your hotel reporting
We start with your existing reports and request supporting detail where it will help explain performance.
Independent operating perspective
We analyze the results, compare to market and budget, and identify what stands out from an owner point of view.
Clear owner priorities
You receive a concise report with key findings, watch items, and discussion points for management.
From insight to action.
The TS Report often leads to a deeper conversation. When warranted, we can investigate specific issues and identify practical paths to improvement.
TS Report
Independent performance analysis, built for ownership.
Performance Advisory
Deeper analysis on specific issues or opportunities.
Explore this service →Owner-Side Advisory
Practical, owner-focused advice to strengthen performance and asset value.
Explore this service →Confidence for owners.
Clarity for management.
An additional layer of intelligence.
The TS Report supplements your existing reporting with a defined independent review, without the commitment of adding a dedicated full-time analyst.
A clearer operating story.
Independent analysis can put difficult variances in context, recognize improvements supported by the reporting, and give owners and operators a shared basis for discussion.
Watch items worth following.
Highlight emerging labor, expense, revenue, and forecasting concerns in the reporting reviewed. Recurring reviews can follow the response and evidence of progress at an agreed cadence.
How does this help hotel management companies?
Management teams can use an independent review to extend analytical capacity, prepare clearer owner conversations, and identify issues that merit attention across a property or portfolio. The report distinguishes what the information supports from what needs more explanation, including evidence of sound performance and improvement. A TS Report costs $1,500 per hotel, per report; broader portfolio work or continuing support is scoped separately.
Can a management company commission a TS Report?
Yes. Owners and management companies can commission a review. We agree the purpose, scope, information access, report recipients, and working arrangements before the review begins. Who commissions the work does not change the independence of the findings; conclusions reflect the evidence available, including its limitations.
Is this continuous monitoring?
No. A report reviews the agreed reporting period and documents. Think of it as an additional signal for issues that deserve attention, rather than a real-time alert system. Any recurring review specifies the reporting cadence and follow-up scope in advance.
Know what comes next.
Define the scope.
We discuss the property, reporting period, and priorities. Scope, fees, and timing are agreed before the review begins.
Bring the reporting.
The starting point is your existing P&L, budget, forecast, and prior-year results. Relevant labor, market, and supporting detail may be requested.
Receive an owner view.
A concise report connects the financial results to operating issues, watch items, and questions for management. Any deeper advisory work is scoped separately.
Who is the TS Report designed for?
The TS Report is designed for hotel owners and investors, particularly owners of one to ten select-service or extended-stay hotels operated by third-party management companies. It gives ownership an independent interpretation of existing financial and operating reports.
How much does a TS Report cost?
A TS Report costs $1,500 per hotel, per report. The property, reporting period, document requirements, scope, and delivery timing are agreed before work begins. Deeper investigations and ongoing advisory support are scoped and priced separately.
Is this an accounting service or financial audit?
No. The TS Report interprets hotel performance from an operating perspective. It does not replace bookkeeping, tax advice, an independent financial audit, or an audit opinion. It identifies findings, limitations, and questions for ownership to discuss with management and the appropriate professional advisers.
Does this replace our management company?
No. The management company continues to operate the hotel. Thompson Square adds an independent interpretation of the reporting, helping owners and management teams discuss results, priorities, and follow-up with a clearer shared understanding.
Can we start with one property or one question?
Yes. A property review or a focused question can be the starting point. Any recurring review or broader advisory engagement is agreed separately.
How do we share financial information?
Start with a high-level inquiry. The document requirements and sharing arrangements are discussed as part of agreeing the scope. Please do not send guest or employee personal information through the inquiry form.
Your reports explain what happened.
We help you know what to ask next.
One property, a portfolio, or a specific performance question. Tell us what you want to understand.
DISCUSS YOUR PROPERTY
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEIndependent perspective. Stronger decisions.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
THE
TS REPORT
Owner Performance Brief
Owner Brief
Revenue finished 3.3% below forecast, with a larger decline in GOP (−8.4%) as labor costs and third-party expenses increased. Occupancy softened modestly, while ADR continues to run below forecast for the third consecutive month. Housekeeping productivity and contract labor are the primary operating concerns. Parking revenue continues to improve and is approaching historical performance.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
Property Performance
| Metric | Actual | Forecast | Variance | Var % | YTD Var % |
|---|---|---|---|---|---|
| Occupancy | 76.6% | 82.4% | (5.8 pts) | — | −0.5 pts |
| ADR | $168.30 | $173.40 | ($5.10) | −2.9% | −1.8% |
| RevPAR | $128.92 | $142.88 | ($13.96) | −9.8% | −2.4% |
| Total Revenue | $1,241,000 | $1,283,000 | ($42,000) | −3.3% | 2.4% |
| GOP | $412,000 | $450,000 | ($38,000) | −8.4% | 5.6% |
| GOP Margin | 33.2% | 35.1% | (1.9 pts) | — | 1.0 pts |
Revenue and GOP Trend
Forecast Accuracy
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
TS Watchlist
Housekeeping Productivity
- First Identified
- July 2026
- Current Status
- Deteriorating
- Management Position
- Staffing transition and training
- TS Observation
- Permanent staffing levels have improved, but productivity has not yet normalized. Labor hours remain elevated relative to occupied rooms.
- Estimated Exposure
- ~$65,000 YTD
- Next Check
- October 2026
- Forward Opportunity
- ~$64,000 annualized; separate from YTD exposure
ADR Forecast Accuracy
- First Identified
- August 2026
- Current Status
- Watch
- Management Position
- Uncertain group pace / softer transient demand
- TS Observation
- Third consecutive monthly miss below forecast. Market performance does not fully explain the variance. Continue to monitor for pattern.
- Estimated Exposure
- ~$120,000 annualized opportunity
- Next Check
- October 2026
Engineering Contract Labor
- Opened
- June 2026
- Resolved
- September 2026
- TS Observation
- Earlier repair work is complete; associated contract labor costs are no longer recurring.
- Impact
- ~$24,000 (prior month)
- Status
- Closed — no further action at this time.
THOMPSON SQUAREINDEPENDENT HOTEL PERFORMANCE INTELLIGENCEPROPERTY ID TS-0047SEPTEMBER 2026
Questions Worth Asking
What productivity target is management currently using for housekeeping, and when does management expect performance to normalize?
Context: Labor hours have remained elevated relative to occupied rooms for three months.What specifically has driven the three consecutive ADR misses relative to forecast?
Context: Market performance does not fully explain the variance.What parking capture percentage is management targeting by year-end?
Context: Capture continues to improve and is approaching prior-year performance.Opportunity Signal
Potential annualized financial opportunity currently under observation.
$184,000Represents identified performance signals and should not be interpreted as guaranteed savings.Illustrative calculation
Labor: $64,000 + rate: $120,000 = $184,000 per year. Excludes historical YTD exposure and resolved prior-month costs. Assumes no overlap between the two opportunities; further validation is required.
Item Summary
Open Watch Items 2
Items Resolved This Period 1
New Items This Period 0