Assistant Vice President, Hotel Asset Management
Job Summary
Job Description
Overall Responsibilities
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Lead the Asset Management team for an assigned portfolio of hotels.
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Drive operational and financial performance through data analysis, strategic planning, and issue resolution.
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Act as a business partner to Hotel GMs and Operator HQ, managing key stakeholder relationships.
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Coach and mentor junior team members to build critical thinking and technical skills.
Strategic Planning
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Understand each hotel’s unique business context, market environment, and operational needs.
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Collaborate with hotel teams, shared services, and consultants to align development and operational plans with financial goals.
Driving Asset Performance
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Align hotel performance expectations between stakeholders and hotel management.
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Improve and coordinate reporting systems to monitor performance and identify improvement areas.
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Review forecasts and financial results, including cash flow, AR/AP, and loan obligations.
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Develop performance analysis tools and financial models to support strategic decisions.
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Propose and track improvement initiatives with hotel GMs and monitor progress through review meetings.
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Evaluate operational processes and management structures for efficiency and effectiveness.
Competitor Benchmarking
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Monitor market trends, demand/supply conditions, and key performance metrics.
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Analyze occupancy, rates, and sales data from internal and external sources.
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Provide insights to help hotels adjust strategies based on anticipated market shifts.
Compliance Monitoring
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Ensure hotels maintain valid licenses and permits via the External Affairs team.
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Coordinate with Corporate Services to monitor insurance coverage and claims processes.
Administration & Reporting
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Lead a team of Asset Managers/Executives in line with business needs.
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Prepare reports and proposals for management and board-level approvals.
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Coordinate board meetings and maintain comprehensive asset records.
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Provide regular updates on asset performance, key initiatives, and pending actions.
Other Assignments
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Undertake special projects or cross-functional assignments as needed.
Key Qualification
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Bachelor’s or Master’s degree in Finance, Business Administration, Hospitality Management, or a related field.
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8+ years in hotel asset management, investment analysis, or hospitality finance.
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Strong financial analysis and modeling skills.
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Experience in hotel operations and investment performance management.
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Ability to manage multiple stakeholders, including hotel GMs and operators.
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Excellent problem-solving and decision-making abilities.
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Fluent in both written and spoken EnglishTeam Player and management skills.