Senior Executive, Hotel Asset Management

Job Summary

Job Description

1.Monitor hotel financial performance 
• Assist in reviewing hotel budgets, business strategies (marketing & operations), and capital expenditure plans against ownership expectations.
• Compile and analyze hotel financial performance versus budget, forecast, prior year, and industry benchmarks.
• Support the review of charges payable to the hotel management company, including management and program fees.
• Assist in tracking rolling monthly forecasts, quarterly results, and annual financial performance, including basic monitoring of cash flow, AR, AP, and loan repayment schedules.
• Coordinate with the hotel team to follow up on the progress of strategic action plans and highlight variances to management.
• Support identification of opportunities for improving revenue generation and cost efficiency.

2. Monitor the competitive market
• Gather and summarize market trends, demand and supply conditions, and key demand generators.
• Prepare occupancy, ADR, and RevPAR trend reports using STR and other market data.
• Support review of competitive sets and maintain updated competitor performance comparisons.
• Highlight potential market shifts and coordinate with the hotel team on possible strategy adjustments.
• Monitor competitor pricing, distribution strategies, and product enhancement activities for reporting purposes.

3. Monitor physical assets and control capital expenditures
• Assist in documenting the hotel’s physical condition and CAPEX requirements to maintain competitiveness.
• Maintain and update the long-term CAPEX plan in coordination with the hotel team.
• Support review of CAPEX purchase requests for basic compliance with requirements and specifications.
• Maintain records of equipment replacement, disposal, or transfers.
• Coordinate with consultants to ensure building system audits and reports are updated.

4. Monitor compliances to license, permits, insurance, and annual financial audit 
• Track and verify that the hotel maintains valid licenses, permits, and insurance coverage per local laws and ownership requirements.
• Coordinate with the hotel and auditors to ensure the annual financial audit is completed on time.
• Maintain updated records for ownership and management review.

5. Development and coordination of hotel investment plan
• Assist in coordinating communication between the hotel team, management company, owning company, and project consultants.
• Support preparation of Property Improvement Plans, hotel performance projections, and investment documentation.
• Track investment project progress against schedules and budgets and prepare summary reports for management.

6. Coordination with support teams and service providers
• Act as a liaison with support teams such as HR, Legal, IT, and Project/Construction Management for asset management tasks.
• Support country office team members in delegated asset management and administrative duties.

7. Administration 
• Maintain organized digital files and databases related to hotel operations, asset records, and asset management activities.
• Prepare regular summary reports highlighting key financial, operational, and market insights for assigned hotels.
• Support follow-up on pending actions and assist in presentations or materials for ownership review.

Key Qualification

• Bachelor's degree in Hospitality Management, Business Administration, Finance, Accounting, Economics, Real Estate, or a related field.

• Minimum 2-3 years of experience in the hospitality industry, preferably in hotel finance, revenue management, asset management, corporate planning, business analysis, or hotel operations.

• Strong understanding of hotel financial statements, including Profit & Loss, Balance Sheet, Cash Flow, Accounts Receivable, and Accounts Payable.

• Knowledge of key hotel performance indicators such as Occupancy, ADR, RevPAR, GOP, and EBITDA.

• Experience in budgeting, forecasting, financial analysis, and performance reporting.

• Familiarity with hotel management agreements, management fees, franchise fees, and ownership reporting requirements is an advantage.

• Ability to analyze market trends, competitor performance, and industry benchmarking data (e.g., STR reports).

• Understanding of hotel capital expenditure (CAPEX) planning, asset lifecycle management, and property improvement plans (PIP).

• Strong analytical, problem-solving, and critical-thinking skills with attention to detail.

• Proficient in Microsoft Excel, PowerPoint, and financial modeling; experience with BI tools is an advantage.

• Good project coordination skills with the ability to work effectively with hotel operators, consultants, and corporate stakeholders.

• Excellent communication and presentation skills in English, both written and verbal.

• Self-motivated, proactive, and capable of managing multiple priorities in a fast-paced environment.

• Strong interpersonal skills with the ability to build effective relationships with hotel management teams and service providers.

• Experience working in an international hotel chain, hotel ownership company, hospitality asset management firm, consulting firm, or real estate organization would be an advantage.