Money & fees
Capital expenditure
Major non-daily spend—repaints, pool resurfacing, roof refreshes—that protects yield and guest ratings.
Capital expenditure (CapEx) is the bucket for big, infrequent upgrades: structural fixes, major pool resurfacing, full exterior repaint, generator replacement.
Unlike monthly ops, CapEx should be modeled across years so Net ROI math stays honest.
Relate to sinking fund thinking in managed estates.
See also: Knowledge base