Asset Manager
Asset Manager
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Salary Not Disclosed
1 Vacancy
Job Description
Alpha 3 Hotels Management
Position Summary: The Asset Manager is responsible for maximizing the value and performance of a portfolio of hotel assets. This position serves as the primary liaison between ownership and hotel operators ensuring each property meets financial operational and strategic objectives. The ideal candidate has a deep understanding of hotel operations financial analysis capital planning and real estate investment principles.
We offer Medical/Dental/Vision benefits a generous PTO program and the opportunity to join a winning culture recognized for rewarding our best with opportunities to advance their career within the company.
Responsibilities:
- Serve as the owners representative for a portfolio of managed or franchised hotels.
- Conduct regular financial performance reviews including P&L analysis benchmarking and forecasting.
- Identify opportunities to increase asset value through revenue enhancement cost control capital investment and operational efficiency.
- Oversee capital expenditure planning budgeting and project execution in collaboration with property teams and corporate stakeholders.
- Review and approve annual business plans operating budgets and capital expenditure budgets submitted by hotel management.
- Monitor market trends STR reports and competitive positioning to inform strategic decisionmaking.
- Conduct site visits and maintain strong working relationships with General Managers and property leadership teams.
- Evaluate operator performance and compliance with management agreements; recommend changes when appropriate.
- Assist in underwriting and due diligence for acquisitions dispositions and refinancing efforts.
- Prepare presentations and reports for internal stakeholders investors and ownership groups.
- Experience working with branded and independent hotel operators.
- Familiarity with property improvement plans (PIPs) management contracts and franchise agreements.
- Advanced Excel skills and familiarity with BI tools or asset management software.
- Any and all other duties as assigned
Qualifications:
- 5 years of experience in hotel asset management hotel operations or hospitality investment.
- Bachelors degree in Finance Hospitality Management Real Estate or related field; MBA or Masters degree preferred.
- Strong analytical skills with proficiency in financial modeling and performance analysis.
- Working knowledge of hotel operating statements STR P&L statements and capex planning.
- Proficient in Microsoft 365 BI tools and similar applications
- Must possess a valid drivers license and reliable transportation
- Must speak English fluently
- Must have excellent written and oral communication skills
- Mathematical skills include basic math budgeting profit/loss concepts percentages and variances. Problem solving reasoning motivating organizational and training abilities are often used
- Ability to effectively multitask
We are an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race color sex religion sexual orientation national origin disability genetic information pregnancy or any other protected characteristic as outlined by federal state or local laws.
This description is a summary of primary responsibilities and qualifications. The job description is not intended to include all duties or qualifications that may be required now or in the future. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Preemployment background check required.
Required Experience:
Manager
Employment Type
Full-Time
