Vice President of Asset Management
New York or New England
The position of Vice President of Asset Management is an exciting opportunity with direct responsibility for exceeding ownership objectives for a defined portfolio of hotels while actively managing a portion of the company’s entire portfolio. This position is also responsible for helping pitch new opportunities as well as develop potential acquisitions. The VP is also responsible for managing and mentoring associate-level asset managers. • • Complete regular onsite property reviews and participate in owner meetings. Interact with hotel GM and other Executive Committee personnel. Ensure accurate and timely preparation and delivery of all client reporting. • Improve asset performance through analysis and development of strategies to maximize revenues and minimize expenses. • Work with operating teams to successfully develop strategies and decisions relative to ADR’s, RevPAR’s, occupancies, daily expenses, etc. • Prepare return on investment (ROI) analyses for individual or multiple major capital expenditure/renovation projects; prepare sell/hold analyses, franchise conversion, and other DCF type analysis. • Supervise operator expenditures of FF&E reserve and capital expenditure projects. • Maintain up-to-date knowledge of all factors affecting markets and submarkets associated with the hotel portfolio, including demographics and changes in supply and demand. • Ensure compliance with management and franchise contracts. • Oversee development of annual operating budgets and annual Asset Management Plan including valuations.