senior associate, asset management
This hire will play an integral role in driving the success of the company’s hospitality investments.
Key responsibilities include continuing to shape existing strategies to maximize each asset’s potential in the areas of revenue generation, capital planning / investment, net operating income and value.
This position will have a highly visible role within the company’s high growth hospitality platform and collaborate closely with all disciplines in the company throughout the life cycle of each asset.
The role will support the evaluation and execution of acquisitions & developments alongside senior management.
Sampling of Asset Management Responsibilities
- Perform asset management activities, including development of branding, management and repositioning strategies and adherence to the detailed business plan
- Identify and execute value-add opportunities, and drive management to maximize profitability and the long-term value of each hotel
- Prepare and present monthly, quarterly, and annual asset management and portfolio reports,
- cash flow forecasts, and waterfall distribution analyses
- Revise strategies and the accompanying business plan to address changes in market and / or property conditions as well as any amended investment strategies
- Negotiate and ensure compliance with third-party leases, loans, franchise agreements, management contracts property improvement plans, and other vendor related documents that impact hotel operations
Portfolio Management
- Manage and track portfolio and asset performance and compliance, including portfolio sensitivities on financing, operations, and cash flow to assist senior management and investment partner review of strategic and risk management decisions
- Assist with investment and accounting teams to assess cash flow needs, capital requirements, and property-level distributions monthly
- Coordinate with lenders on reporting, covenant calculations, draw requests and hedging activities
Operations
- Ability to understand and manage detailed financial models utilizing Excel for acquisition and development projects that incorporate various scenarios, capital structures, and cash flow distribution waterfall
- Monitor the management and implementation of capital renovation projects and operating activities
- Analyze performance to industry and company key performance indicators as determined through the underwriting and the business plan
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