Asset Manager, SVP- Hotels

Job Description

About the role

As a CBRE Senior Vice President of Hotel Asset Management, you will achieve strategic goals and deliverables for a client or set of clients. These clients will be within select service, boutique, full-service hotels and sophisticated lodging assets and portfolios with various locations. The geographic area may be local, regional, national, and/or global markets. This position requires monthly/quarterly travel to location for on-site meetings and property inspections.

This job is part of the Global Hotel Asset Management practice, within the CBRE Hotels, Capital Markets vertical. The Global Asset Management practice offers third party asset management services and is responsible for the oversight of individual assets or a portfolio of hotels with the purpose of optimizing performance and increasing the value of the real estate for our clients.

What You'll Do:

• Actively manage a hospitality portfolio and identify value enhancement opportunities on behalf of clients/ownership groups.
• Gain an understanding of the clients' investment goals and objectives for their assets/portfolio and be responsible for the performance of the assets/portfolio to ensure they are on track with the investors' strategic plan.
• Perform hotel revenue management, cost and accounting/financial analyses and use industry benchmarks to analyze hotel operations, performance improvement plans, sales and marketing plans to develop strategic roadmaps to improve performance.
• Establish Key Performance Indicators for the assets/portfolio on behalf of ownership.
• Lead monthly/quarterly/annual operating performance reviews and interact with department heads and other operator/brand executives to identify future business direction and influence actionable corrective measures to achieve optimal performance and advance ownership's objectives.
• Note growth, labor, and market changes that could impact real estate requirements. Provides insights for strategic and/or optimization-focused initiatives.
• Proactively identify and resolve performance, ownership, and management issues.
• Apply extensive and diversified knowledge of hospitality markets, supply and demand fundamentals and key performance drivers to anticipate changes that may impact the portfolio.
• Develop and use advanced techniques, and theories to create outstanding solutions.
• Proactively supervise the implementation of preventive maintenance initiatives and ensure the effective deployment of capital expenditures and renovations of the portfolio.
• Review, opine and negotiate the operator/brand pre-opening and post-opening budgets and operating business plans.
• Develop and maintain financial analyses by department rooms, F&B, revenue management, etc.
• Participate in operator/brand selection processes and hotel management agreement negotiations.
• Write and deliver investment summaries, annual strategic plans, dashboards, monthly and/or quarterly performance reports and ad-analyses.
• Prepare hold vs. sell analysis and provide well-supported recommendations.
• Develop and track proactive initiatives and return on investment.
• Showcase in-depth expertise in groundbreaking theories, techniques, and/or technologies within own function.
• Use expertise and knowledge of all job areas within a function, practical experience in several functional areas or businesses or concentrated knowledge of a particular subject area to manage, mentor and guide others.
• Actively participate and contribute to the growth of the Global Asset Management practice - assist in pitches, business development and utilization of the development of tools and best practices on a global level.
• Model leadership behaviors that are consistent with CBRE RISE values. Negotiate with senior management, customers, regulators, or vendors to influence decisions of strategic importance. Anticipate potential objections, and persuade others, often at senior levels and of divergent interest, to embrace a different point of view.
• Drive the direction and resource prioritization of programs, projects, or services.
• Maintain a significant contribution to the of design of policies and procedures. Provide moderate impact on the business direction through the usage of innovative services or products.

What You'll Need:

• Bachelor's Degree preferred with 10-15 years of relevant experience - relevant hospitality experience is a must, hotel finance and/or revenue management experience preferred.
• Multi-dimensional, conceptual, and innovative thinking to develop new solutions.
• Ability to identify and solve complex problems.
• Ability to review, understand and question financing reports - P&L, balance sheet, cash flow statements, trial balance, aging reports and other financial reports.
• Exceptional math and data analysis skills.
• Ability to prioritize and lead multiple projects/clients/tasks.
• Excellent written and verbal communication skills.
• Self-motivated individual with a high degree of professional maturity.
• In-depth knowledge of Microsoft Office products. Examples include Word, Excel, PowerPoint, Outlook, etc.
• Expert organizational skills with an unrivaled inquisitive mentality.

Why CBRE?

CBRE prides itself on its RISE values of Respect, integrity, Service and Excellence. When you join CBRE, you'll have the support and resources of a global firm where a high-reaching mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, and an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance.

Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future

CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.