Vice President, Asset Management

About JLL
- We’re JLL—a leading professional services and investment management firm specializing in real estate. We have operations in over 80 countries and a workforce of over 91,000 individuals around the world who help real estate owners, occupiers and investors achieve their business ambitions. As a global Fortune 500 company, we also have an inherent responsibility to drive sustainability and corporate social responsibility. That’s why we’re committed to our purpose to shape the future of real estate for a better world. We’re using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.
Our core values of teamwork, ethics and excellence are also fundamental to everything we do and we’re honored to be recognized with awards for our success by organizations both globally and locally.
Creating a diverse and inclusive culture where we all feel welcomed, valued and empowered to achieve our full potential is important to who we are today and where we’re headed in the future. And we know that unique backgrounds, experiences and perspectives help us think bigger, spark innovation and succeed together.
Vice President, Asset Management

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 expert 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

We are currently seeking a Vice President, Asset Management. This is a new role and is a permanent, full time position based in Singapore, reporting into the Executive Vice President, Advisory & Asset Management in Singapore. JLL asset manages 38+ hotels in Asia Pacific and 125+ around the globe.

As a senior member of JLL’s Strategic 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.

RESPONSIBILITIES
Successfully create, implement and monitor, value accretive hotel asset management strategies for clients

Actively asset-manage and be responsible for a portfolio of full service, select service, and luxury hotels.

Lead/Support the business development for asset management including PR/communications, marketing, lead generation, pitching, engagement negotiation and closing

Lead a small, yet impactful, team of hotel specialists delivering on our asset management services to clients.

Drive thought leadership in asset management through collaboration with the JLL research team and the Hotels & Hospitality AP research team.

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, comprehend, and negotiate key legal documents including loan agreements, management agreements, franchise agreements, service contracts, leases, ground leases, sales and purchase agreements, etc.

Monitor and track capital expenditures (routine capital expenditure and major renovations) at each hotel.

Supervise/Execute on all aspects of writing, research and/or production of client-specific monthly, qu