Stax IQ models management, lease, franchise, hybrid and white-label agreements from one set of inputs, so you can see what each structure actually pays the owner, and where the fee stack leaks value, before you sign. Build it with the built-in AI, by hand, or any mix of the two.
The Decoder maps the twelve operator charges beyond the base fee, with a one-page checklist for your next operator negotiation. Enter your email and it is yours.
Built for hotel owners and developers, asset managers, private equity and lenders.
Automated financial tests, verified against an independent recomputation of the same maths. Zero failures ships, or nothing ships.
Every figure sits where the twelfth edition puts it, from rooms revenue down to the owner's return. Not an approximation of the standard.
Your projections, files and exports never leave your computer. The AI is opt-in, and sees only what you ask it to work on.
Change one assumption and every structure moves with it, so you are comparing the same hotel five ways rather than five spreadsheets that drifted apart.
Occupancy, ADR, or any fee in the stack. Management, lease, franchise, hybrid and white-label P&Ls all rebuild on the same assumptions, so the difference you are looking at is the deal and not the modelling.
Describe the change in a sentence. The Agent rebuilds the affected lines and shows you exactly what it proposes, in green and red, before anything moves. Keep it or revert it. Nothing changes until you say so.
Gross revenues through GOP, EBITDA, the replacement reserve and debt service. No plug figures and no hidden steps: every line traces to the schedule it comes from, which is what a credit committee will ask you.
The AI comes already provided by us, so there is nothing to sign up for and nothing to configure. If you would rather use your own provider, plug in your own key and it works the same way. Either way the model file and your exports stay on your machine, and only the question you send is transmitted.
Ask the Agent for a change, review what it proposes, keep it or revert it.
The other twelve operator charges are the part that quietly compounds. This owner-first guide maps every charge type beyond the base fee, shows where the value leaks, and gives you a one-page checklist to take into your next operator meeting. Ten minutes, no jargon.
One email, the PDF, nothing else unless you ask.
USALI 12 became mandatory in January 2026, and a model still built on the eleventh edition misclassifies the lines that moved. The stakes compound from there: once the owner's priority clears, each point of incentive fee is worth roughly $40,000 a year, every year, on the worked example in our management agreement guide. The next agreement you negotiate is where that either leaks or does not.
Read the worked example| Free guideAvailable now$0by email | Book seriesAvailable now$97one-time · the theory | Stax LiteAt launch$249one-time · one deal, one structure | Stax IQ ProAt launch$1,499a year · the full engine | |
|---|---|---|---|---|
| USALI 12 P&L engine | — | Theory only | Included | Included |
| Operating structures | — | — | One structure | All five, side by side |
| Built-in AI Agent | — | — | Manual only | Unlimited |
| Exports | — | — | Basic Excel | Live-formula Excel and board PDF |
| Owner's guides | The Fee Stack Decoder | Three books and the toolkit | — | Book series included |
| Get the Decoder | Get the series | Notify me | See Pro |
Free to read, and free to reuse: every guide is published under a Creative Commons Attribution licence, so you can quote it, adapt it or put it in front of your board with credit.
Stax IQ is built and running. It is not a public download yet, because the installers are not code-signed, and an unsigned build is one your computer is right to distrust. Rather than hand you something your machine treats as a threat, we are holding it until signing is in place. Leave your email and you will get the free trial the day it opens.
You will get the Fee Stack Decoder straight away, so there is something useful in it for you today rather than only a place in a queue.