Statement of Qualifications - Download PDF

Theodore R. Mandigo, CPA, ISHC

Current Position

Director of TR Mandigo & Co. Hotel Consulting Firm and Instructor at les Roches Hospitality program of Kendall College.


Thirty-five years of hospitality consulting services. CPA. Advisor to developers, lenders and chain operators on market feasibility, operations and financial issues relating to hotel and resort operations. Substantial experience in litigation support including damages claims, bankruptcy, contract compliance, human resources, condemnation, market and financial analysis, forensic analysis, and value.

Former Position

Partner and National Director of Hospitality Consulting Services for two International Accounting and Consulting firms. Director of Litigation Services for major appraisal firm.

Consulting Experience

Numerous market demand and feasibility studies for owners, lenders and investors. Impact analyses for franchise and affiliation organizations. Assistance with acquisition and financing of properties. Valuations of individual properties and portfolios. Operational analysis and profit improvement studies. Projects completed in Australia, Hong Kong, Austria, Venezuela, St. Croix, and England. Assisted on projects in Russia, New Guinea, and Nicaragua.

Industry Experience

Six years in industrial/airline food service industry. Interim manager/opening manager of hotel facilities. Regional controller. Director of accounting and data processing for multi-unit operation.


CPA-Certified Public Accountant Illinois; Past Chairman of Illinois CPA Society; MHS (Master Hotel Supplier; Charter Member ISHC (International Society of Hospitality Consultants); National Council of AICPA.

Other Relevant

Instructor for National Restaurant Association; UNLV; American Institute of Real Estate Appraisers; Chaired panels for Hospitality Investment Conference; Presented seminar for International Franchise Association Legal Symposium; Frequently quoted as a source on hotel operations and trends for trade publications and by local business editors. Taught courses on Accounting for Non-Accountants and Financial Statement Analysis including international programs.


Illinois CPA Society- Past Chairman and Board of Directors; ISHC-Charter Member; HLAI (Hotel/Lodging Association of Illinois)-former Board Member; IRA (Illinois Restaurant Association Educational Foundation-Former Board Member; Credentials Committee for Business Valuation Accreditation for AICPA; AICPA Council; LSSI-Finance and Audit Committees.


Cornell University School of Hotel Administration BS 1966; Loyola University of Chicago MBA-Major in Accounting 1984.

Ted Mandigo, CPA, ISHC.
Director TR Mandigo & Co.

About TRM

TR Mandigo & Company is a Hospitality Consulting firm with over 35 years of professional experience. We specialize in hotel & resort market feasibility, litigation support, and portfolio valuation.

Contact Us

TR Mandigo & Co.
338 North Highland Avenue
Elmhurst, IL 60126
United States of America

Cell: (312) 671-9442
[email protected]