Invest · Capital
AiP · Asset Intelligence Platform
This is where the asset needs to be. This is the gap. These are the levers.
EBITDA against what the debt and the return require — covenant headroom, implied value at the cap rate, and the levers priced as asset value — on the owner’s side of the table, fed by the numbers the venue runs on, provenance intact all the way up.
FOR — Owners, asset managers and lenders
- PERFORMING
- REQUIRED
- GAP
- LEVERS
Required, gap, levers. AiP holds the EBITDA the facility and the underwriting require, reads the trailing number against it, capitalises the gap at the cap rate, and ranks the levers by what they are worth to the asset.
The whole loop →P&L benchmarking
An index for every line — read against what’s required.
Hotels index RevPAR against the comp set and stop there. AiP indexes every P&L line — favourability-normalised, so revenue and cost lines read the same way. But an index is relative: over 100 says you beat the comp set, not that the asset makes its covenants. So every index sits beside the absolute line — EBITDA against what the debt and the return require — and that line is the verdict.
What it does today
Every EBITDA dollar, capitalised
Implied asset value = annualised NOP ÷ cap rate, with the multiplier shown beside it — at 6.67% every $1 of profit is $15 of asset value. Configurable per property, displayed next to the external valuation, never pretending either is the truth.
Covenants, watched — with distance to breach
ICR, LVR, DSCR, minimum-NOP and payout-ratio covenants per facility, with signed headroom and safe / warning / breach bands. LVR on implied, external or better-of value — the way a credit team reads it.
Judged against required, not the comp set
A penetration index above 100 is relative. AiP reads trailing EBITDA against the level the covenants and the return actually need — because an asset can out-index its comp set and still be in default.
The levers, named and priced
The asset synthesis names the levers to pull, the variance behind each, and the value impact with a named multiplier — a value-delta claim without its multiplier is blocked by the anti-sycophancy rules.
A P&L that unpacks itself
Upload an industry-standard summary P&L and AiP parses it deterministically — 88 governed metrics from a single upload, validated against real trading data. Actual, budget, comp set, index, variance and year-on-year, per-available-room and in dollars.
The bridge from the venue floor
AiP reads governed metrics straight from ViP — the figure in the credit-committee pack traces to the docket that booked it, never re-keyed.
The intelligence layer
Built for the meeting where every number gets challenged.
The Asset Boardroom benchmarks, checks covenant headroom, quantifies the value impact and drafts the owner’s narrative — with citations enforced and confidence capped by the quality of its sources. It won’t inflate a variance under three percent, it flags when an annualised number is extrapolated, and it names the multiplier behind every value claim. Numbers arriving over the bridge from ViP carry their provenance, so ‘where did this come from?’ always has an answer.
HOW THE AI TREATS YOUR DATA
- Minimum context per question — metrics and benchmarks, not documents in bulk.
- Citations enforced; confidence capped by source quality.
- Bridge data carries provenance from the venue system it came from.
- Every AI action is written to an append-only audit log.
On the roadmap — labelled honestly
EBITDA below the GOP line
Today the valuation reads GOP as NOP because the summary P&L stops there. A below-the-line deductions upload — management fees, insurance, property taxes, FF&E reserve — makes the EBITDA line the owner’s.
Equity IRR over the hold
Running equity IRR and multiple against underwriting, a distributions ledger and waterfall state — designed, not built. IRR ships today only on HiP’s underwriting cases.
Value trajectory and four-method valuation
Stabilised-year capitalisation, 5- and 10-year DCF with acquisition and disposal costs, an adopted value, and a rolling value-over-hold path. The house-view forecast that feeds it is built and in preview behind a flag.
Forward covenant tests
Covenant headroom on the forecast, not just the trailing twelve months — lands when the house-view forecast is published to the metric layer.
Multi-property bridges and portfolio intelligence
Per-property bridge credentials and a portfolio-wide front door for owners of many venues — the bridge runs single-venue today.
Australian-region AI inference
An onshore inference option for sovereignty-strict clients — proposed, offered on request, not yet built.
If it’s in this section it isn’t shipped yet. We’d rather tell you that here than have you discover it in a demo.