Underwrite hospitality deals in minutes with institutional precision.
Sponsor-grade Excel underwriting in 15 minutes. Drop an OM, walk the wizard, export a live-formula workbook with partnership waterfall and sensitivity matrices.
Card required · cancel anytime in two clicks
Every metric you'd build in Excel — in minutes, not days.
Levered IRR, equity multiple, stabilized NOI, exit value, DSCR — generated to institutional standards from a guided intake. Audit the math line-by-line, then export to a live-formula Excel workbook.
Built for sponsors and acquirers underwriting institutional hospitality deals.
Built for how you actually underwrite.
Same USALI categories. Same Smith Travel benchmarks. Same franchise fee tables. None of the spreadsheet pain.
12-Step Wizard
From property basics to exit — a structured workflow that captures every input your model needs. Pre-fill from your firm's underwriting defaults, or drop an OM and let extraction populate it.
Luxury, Resort, Mixed-Use
Spa, golf, retail, telecom, internet, membership clubs, and branded residences. Cost-basis splits, sell-out velocity, rental programs, and HOA reserves — modeling that fits the deals that define the high end.
Live-Formula Excel Export
Eleven-sheet workbook with live formulas, frozen panes, conditional formatting, and a live partnership waterfall — not pasted values. Branded with your workspace logo. Share with IC, lender, or LP.
Waterfall, Scenarios, Sensitivity
Five partnership structures including OZ-equity 3-bucket variants. IRR and DSCR 5×5 sensitivity matrices. Base / Upside / Downside scenarios. Mezzanine, preferred equity, refinance with cash-out.
From submission to investment committee, structured end-to-end.
A wizard that mirrors your underwriting muscle memory.
Twelve structured steps from property basics to underwrite. Pre-fill from your firm's saved underwriting defaults, or drop an OM, STR, Kalibri, or P&L and let AI extraction populate the wizard. Save and resume at any step.
- 12 steps · select-service through luxury resort, mixed-use & branded residences
- Smith Travel benchmarks · USALI categories · brand fee schedules across Marriott, Hilton, Hyatt, IHG, Choice
- Spa, golf, retail, telecom, internet, membership clubs · 17+ luxury OOD inputs with tier-aware defaults
USALI-aligned proforma, ten years deep.
Department-level revenue, departmental expenses, undistributed expenses, fixed charges, and reserves — exactly the way the operator's GM and your asset manager already think. Branded residences with cost-basis splits, sell-out velocity, rental programs, and HOA reserves model alongside the hotel.
- Year 1–10 with stabilization curves · mezzanine, pref equity & OZ equity layers
- IO and amort debt threading · refinance event with cash-out modeling
- AI-powered extraction · OM, STR, Kalibri, P&L, and proforma xlsx via Anthropic
Live-formula Excel — not a flat snapshot.
Every cell is a real formula referencing your assumptions. Live waterfall formulas, frozen panes, conditional formatting, and your workspace logo ship in every export. Hand it to your lender, IC, or LP and they can stress it themselves.
- 11 visible sheets · Cover, Summary, Inputs, Operating, Sources & Uses, Debt, Returns & Exit, Waterfall, Sensitivity, Scenarios, Underwrote_AI_Brief
- Live partnership waterfall · 5 structures · OZ-equity 3-bucket variants · frozen panes, brand styling
- Underwrote_AI_Brief tab · LLM-ready summary + 3 paste-into-Claude prompts (IC memo, risk, diligence) — your data, your AI
Five partnership structures. No macros.
Choose from Simple Split, Country Club, Pref + ROC, IRR Lookback, or Catch-Up — with full OZ-equity 3-bucket variants. Stress every assumption with IRR and DSCR sensitivity matrices and pre-built scenario overlays.
- 5 structures: Simple Split · Country Club · Pref+ROC · IRR Lookback · Catch-Up
- IRR and DSCR 5×5 sensitivity matrices · OZ-equity, mezz, and pref equity threaded end-to-end
- Base / Upside / Downside scenarios with one toggle · cross-deal compare
Luxury, resort, and mixed-use revenue mechanics.
Hospitality is not just rooms. The engine models the operating departments and component economics that drive luxury, resort, and mixed-use deals — so you stop fighting your spreadsheet to underwrite them.
Other Operated Departments
Spa & wellness with treatment-room driven revenue and retail attach. Golf rounds × $/round + pro shop. Retail as % of rooms. Telecom and internet per occupied room-night with negative-margin support. Tier-aware defaults from select-service through luxury.
Membership Clubs
Four-component revenue: amortized initiation fees, escalating annual dues, F&B minimums with industry-standard 85% capture, and guest fees. Optional cohort roster with retention. Capital reserve contributions and drawdown events.
Branded Residences
Cost-basis allocation between hotel and residential components, with hotel-only or blended debt sizing. Three sell-out velocity presets plus custom schedule. Rental program with effective-keys mechanic. HOA reserves under either owner or operator.
15 minutes from wizard to workbook.
~$300 saved per deal at a $90/hr blended analyst rate.
6× more scenarios stress-tested before IC.
From LOI to investment committee in 15 minutes, not half a day.
Same math your Excel model uses. Same audit-the-cell discipline. None of the per-deal copy-paste.
Input
Walk through 12 structured steps: property, revenue, F&B, events, other income, staffing, management, construction, budget, capital stack, exit, and underwrite. Pre-fill from your saved defaults — or drop an STR, Kalibri, P&L, or proforma xlsx and let extraction populate the wizard.
Generate
Our engine runs your inputs through a real hotel proforma template — the same math your Excel model uses, running on a deterministic engine, not a brittle spreadsheet.
Decide
Review returns, run IRR & DSCR sensitivities, toggle Base / Upside / Downside scenarios, compare across deals, and export a live-formula Excel workbook — branded with your workspace logo and ending with the Underwrote_AI_Brief tab so you can generate an IC memo on the AI of your choice.
Simple pricing for serious underwriting.
Billed annually at $1,990 · save $998/yr
3-day free trial · card required · cancel anytimeEverything you need to ship sponsor-grade hotel underwriting.
- Live-formula 11-sheet Excel workbook
- Underwrote_AI_Brief tab · LLM-ready summary + paste-into-Claude prompts (IC memo, risk, diligence)
- Live partnership waterfall · 5 structures including OZ-equity 3-bucket
- IRR & DSCR sensitivity matrices · Base/Upside/Downside scenarios
- Unlimited deals · 12-step wizard · 10-year proforma
- Luxury OOD: spa, golf, retail, telecom, internet, membership clubs, branded residences
- AI document extraction · OM, STR, Kalibri, P&L, proforma xlsx
- Pre-fill the wizard with your firm's underwriting defaults
- Workspace branding on Excel cover
- Deal calibration · outcomes capture & comparables
- TOTP MFA · row-level security · audit log
- Priority support
Underwriting one deal? Email support@underwrote.ai — we'll work it out.
Your data, open to any AI client.
Underwrote.AI is built to sit alongside the AI tools your team already uses — not against them. Connect any MCP-capable client to your workspace and pull deal data into Claude, ChatGPT, or Copilot. Shipping after launch.
One token. Any MCP-capable assistant.
A Bearer-token endpoint that exposes four resources and four tools — deal inputs, comparables, underwriting defaults, and the full audit trail — to any MCP-capable client. Per-token scopes, revocable in one click. Rolling out post-launch.
- Anthropic Claude · Desktop & web
- OpenAI ChatGPT · via MCP-bridge
- Microsoft Copilot · via MCP connector
- Per-workspace token · scoped, audited
Your data stays yours. We never train on it.
Workspace-isolated with row-level security. Encrypted at rest. We send extraction calls to Anthropic and OpenAI under contracts that bar storage and training. Built to enterprise standards from launch — SOC 2 in progress.