Senior Vice President, Advisory

JLL supports the Whole You, personally and professionally.
Vice President or Senior Vice President, Advisory & Asset Management, Hotels & Hospitality Group
JLL’s Hotels & Hospitality Group serves as the hospitality industry’s global leader in real estate services for luxury, upscale, select service and budget hotels; timeshare and fractional ownership properties; convention centres; mixed-use developments and other hospitality properties. The firm’s more than 350 dedicated hotel and hospitality experts partner with investors and owner/operators around the globe to support and shape investment strategies that deliver maximum value throughout the entire lifecycle of an asset. In the last five years, we helped clients complete more transactions than any other hotels and hospitality real estate advisor in the world, totalling more than USD 68 billion. We also helped solve nearly 4,400 unique client challenges by completing advisory, valuation and asset management assignments around the globe, in addition to managing the design and construction of over 50 unique hotel destination projects. The group’s hotels and hospitality specialists provide independent and expert advice to clients, backed by industry-leading research.
OPPORTUNITY
As a senior member of JLL’s Advisory and Asset Management team you will be responsible for proactively managing performance of a portfolio of third-party owned hotels / resorts / serviced apartments, delivering Asset Management related services to clients, managing client relationships and contributing to the growth of the portfolio of properties under Asset Management. You will be appointed to the position of Vice President / Senior Vice President at Associate Director level within Hotels and Hospitality Group. You will be reporting directly to the Executive Vice President, Advisory & Asset Management, Asia.
RESPONSIBILITIES
Meet with owners and hotel executive teams to review monthly and quarterly operating performance, review, evaluate and approve annually prepared business plans/budgets, including capital budgets and longer-term strategic plans to provide cost reduction and revenue enhancement guidance.
Travel to the properties as needed to inspect the facilities, meet with management and tour the market areas and competitive set of hotels.
Identify, analyse and implement opportunities for increased revenues and expense savings. Develop ownership and investment strategy for assigned hotels including identifying asset redevelopment, highest and best use, and repositioning opportunities designed to optimize value.
Establish operating profit expectations, monitoring performance, and working directly with the on-site property teams to maximize and improve operating fundamentals.
Review, benchmark and analyse 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.
Proactive oversight of the execution of the capital plans throughout the year, and monitoring of the capital expenditures for each hotel to include both major renovations and routine capital expenditures
Analyse and track the return on investment for the assets as well as profit improving projects, either implemented or proposed.
Establish and maintain effective working relationship with internal and external constituencies such as property-level managers, management company representatives, and senior leadership to maximize returns.
Supervise contract compliance with respect to existing management & franchise agreements. Review all proposed property-related contracts for business content as well as potential conflicts with existing obligations.
Undertake property or portfolio reviews with the objective to improve profitability and recommend asset enhancements.
Select Operating partners and negotiate Management Agreement as part of Operator Selection assignments for hotel branding or rebranding.
Collaborate and support colleagues in other functions / departments / offices as required.
REQUIRED SKILLS / EDUCATIONAL BACKGROUND
Task oriented and possesses a track record of meeting deadlines and delivering on goals.
Detail-oriented, with excellent written and oral communication skills with the ability to work with others to achieve a common goal.
Strong analytical and financial analysis skills, as well as comprehensive knowledge of hotel operations.
Team player, organized, and strong communication skills.
Self-motivated and ability to multi-task.
Comfort in working independently and as part of a diverse regional team
As a dedicated Hotels and Hospitality sector specialist you should possess strong analytical, communication and team-working skills and be comfortable in dealing with people of all cultures and at different levels across Asia. You should enjoy working in a dynamic, multi-national environment and be comfortable contributing innovative ideas, insights and suggestions on how to improve the way we conduct