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Hotel Asset Manager :: One Bangkok

Country:  Thailand
State:  Bangkok
Job Function:  Investment & Asset Management
Job Posting Date:  8 Nov 2024

ABOUT FRASERS PROPERTY LIMITED
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services across the property value chain. The Group is listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore.

Frasers Property's multinational businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries and more than 70 cities across Asia, Australia, Europe, the Middle East and Africa.

Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.

The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and is invested in promoting a progressive, collaborative and respectful culture.

For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.

Job Summary

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Job Description

Monitor hotel financial performance

  • Communicate ownership expectations and objectives to hotel.
  • Review proposed budgets, business strategy plans (marketing & operating), and capital expenditure plans for hotel’s compliance with ownership expectations.
  • Review actual financial performance compared to budget, forecast, and prior years. Also compare against financial benchmark of the industry and competitors.

Monitor the competitive market

  • Obtain situational awareness of overall market trends, demand and supply conditions, market segment analysis, and demand generators. 
  • Review occupancy, ADR, and RevPar trends through STR and other market data reports.
  • Review competitive set, rationalize relevance of the competitors, and communicate with hotel on need for adjustment of competitors for performance comparison.

Monitor physical assets and control capital expenditures

  • Regularly evaluate physical condition of the hotel and anticipate capital expenditure required to maintain hotel competitiveness.
  • Develop and follow through on long-term CAPEX plan developed together with the hotel operation team.

Monitor compliances to license, permits, insurance, and annual financial audit

  • Monitor and ensure hotel has obtained valid and up-to-date compliance to licenses and permits following requirements of local law and government authorities.
  • Ensure hotel has obtained insurance coverage as required by HMA and owning company.
  • Ensure hotel carries out scope of annual financial audit in a timely manner as required by local law and owning company.

Development and coordination of hotel investment plan

  • Lead coordination of hotel investment plan by acting as a central controller between hotel team, hotel management company, owning company, and project consultants.
  • Involve in rationalization of Property Improvement Plan, Hotel Performa, and project investment cost.

Key Qualification

- Bachelor or Master Degree in Business related subjects

- 5-10 years in hotel industry

- Excellent communicator. Candidate must be proficient and comfortable speaking and presenting in English. 

- To have had a specialist role in hotel or corporate level

- Good understanding of Financial & Accounting Numbers (i.e., Cash-Flow Statements, P&L and BS). 

- Basic understanding of Corporate & Contracts Law. 

- Bonus for Candidates with CFA and/or CPA Certifications. 

- Pleasant Personality. Candidate should be able to socialize and build rapport with internal/external stakeholders. 

- Analytical, Detailed Oriented, and Meticulous. 

- Goal-getter. Driven and Responsible. 

- Passionate (about making a difference). 

- Team Player and management skills. 

Diversity brings us closer to the communities we serve.

Guided by our Purpose, we are creating, inspiring, and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work. Working collaboratively makes us progressively stronger and better as an organisation, which helps our people to thrive each day.

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