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Group Asset
1 week ago
Job Responsibilities
Actively asset-manage a portfolio of 5+ select-service and extended-stay hotels by regularly interacting with hotel management teams.
Develop sales and revenue management strategies, drive improved performance, and maximize asset value.
Review, benchmark and analyze hotel and portfolio-level financial data and keep informed of the dynamics of each market area to develop a strong understanding of the hotels and their respective markets.
Prepare monthly, quarterly and year-end summary reports for senior management.
Review, understand and ensure compliance of management agreements and loan documents.
Identify, analyze and implement opportunities for increased revenues and expense savings.
Review and manage operating budgets, capital budgets and marketing plans.
Travel to the properties as needed to inspect the facilities, meet with management and tour the market areas and competitive set of hotels.
Build relationships with the various hotel brands, management companies and partners.
Effectively interact with in-house departments including but not limited to investments/acquisitions, accounting, capital markets and legal to ensure a consistent understanding of the performance and any potential issues of the hotels.
Provide oversight of renovation projects to ensure projects are completed on time, within budget and with the least amount of financial impact to the hotel.
Keep informed of hotel industry trends and how such trends may impact the Company’s portfolio of hotels.
Review performance of the property GM and provide recommendations to senior management.
Manage Business Development and Revenue Management for the hotels under one's charge.
Perform Owner audits of the hotel for service standards, work processes and all other areas that may have an impact on the revenue and profitability of the hotel.
Recommend potential investment opportunities for consideration by the in-house investment/acquisition department.
Job Requirements
7-10 years of hotel asset management or real estate related experience.
Having worked for the asset owner or well established organization is a plus.
Good knowledge of finance.
Proficient in Microsoft Outlook, Excel and Word.
Strong analytical and financial analysis skills, as well as comprehensive knowledge of hotel operations.
Team player, organized, and strong communication skills.
Self-motivated, ambitious, and ability to multi-task.
Job Type:
Permanent
Salary:
$7000 - $8000
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