Director of Capital Expenditures and Facilities

With more than $6.0 billion invested in travel and hospitality real estate over the past three decades, Noble brings scale, consistency, and focus to one of the most dynamic sectors of the U.S. economy. As a fiduciary for globally recognized institutional investors, including pension plans, endowments, foundations, wealth managers, and insurance companies, Noble is entrusted to preserve and compound capital across cycles. Recognized among PERE’s Top 200 Global Investment Managers and as a Best Place to Work by Pensions & Investments and the Atlanta Business Chronicle , Noble’s track record reflects enduring performance, partnership, and purpose.

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Noble is seeking a Director of Capital Expenditures and Facilities. The successful candidate will be a well-organized, tactical thinking leader with a desire to engage in hands on problem solving with a commonsense approach to dealing with third-party management companies, outside vendors and internal stakeholders to drive value of an asset with an ownership perspective. The individual will be an experienced manager who is coachable and flexible in approach and process. The candidate will have experience in managing the process of facilities maintenance, along with creating and updating reports to communicate the process. The candidate will have strong oral and written communication skills to interface with Noble's multiple third-party management companies. The candidate must be self-motivated and a very high-level of organization and communication is required. The position will be located in Atlanta. Travel will be required.

Candidate must be a hard worker, with an entrepreneurial spirit, who takes ownership of the process, cares about the outcome, and keeps Noble's best interest in mind. The candidate is a team player and team leader. They can also coach the process and keep all participants working together to fulfill the mission to protect our assets and maintain them to Noble standards.

Responsibilities

• Track or cause all CAPEX work to be adequately tracked by property. Develop best methods to track CAPEX work across all properties.
• Participate as a team member in pre-development and pre-construction activities for Noble hotel acquisition projects. Review and comment on Due Diligence reports and assist in preparation of CAPEX plans for new acquisitions.
• Assist the Asset Manager and property teams in the creation and annual updates of comprehensive CAPEX plans, including Building Component Maintenance and Replacement, FF&E, OS&E, IT, ADA, and brand requirements. Monitor and manage all CAPEX work through the duration of ownership.
• Participation in the scope review and planning of scheduled renovation projects. Assist Director of Pre-Development with pre-development studies for future projects. Participate in planning sessions with other Noble team members.
• Work with each operator to ensure the proper preparation, review, and submission processes for CAPEX requests are in place.
• Review, approve, and obtain any additional required approvals for all CAPEX requests. Assure that the proposed work is complete, appropriate, technically correct, and the best value for Noble.
• Develop work scopes, obtain bids, analyze and compare bids for the best value, and generate and negotiate contracts. Assure that all required documents are received (insurance, bonds, lien waivers, etc.).
• Assist in updating property data information relating to disposition (age of equipment, roof, etc.).
• Help establish consistent best practices for the care and maintenance of Noble hotels. Work with the operator's Senior Engineering Staff to ensure they are adequately maintaining each property. Work with Asset Management to evaluate management company programs and maintenance personnel at the property level.
• Work with Development team and Asset Management to conduct site meetings and inspect progress as necessary.
• Become familiar with, and be the primary source of, information on all brand requirements for properties (including technology standard changes).
• Maintain and develop relationships with all management company regional maintenance teams so they communicate recommendations and problems to CAPEX Director, while also copying Asset Management.
• Assure that all Noble-required maintenance contracts are in place (elevators, F / A, generators, boilers, large mech equipment, etc.).
• Track and ensure that all government-required inspections, reports, etc. are conducted and submitted as required (fuel tanks, generators, elevators, façade surveys, etc.).
• Work with Development team to guide management company regional teams on technical issues. Help point them in the right direction to resolve problems.
• All disaster issues will be communicated to CAPEX Director. CAPEX director to stay in communication with the Operator's team during the entire repair process. (I.e., sprinkler leak, hurricane, fire, etc.). Assist management company and insurance company throughout the process.
• Be the contact person with property insurance and lenders when walks occur and take ownership of resolving issues or completing required action items. Obtain acknowledgment by the bank or insurer of resolution.
• Perform annual walks of all properties to document items the property and management company must correct. Monitor the progress of correction items until complete.
• Determine the best methods for tracking water and energy consumption. With Development and Asset Management, create strategies for reducing Utility expenses.
• Meet regularly with the asset management team to review property conditions, PM programs, and any outstanding items.
• Identify, join, and participate in various organizations related to CAPEX.

REQUIREMENTS

COMPENSATION

The chosen candidate will receive a competitive base salary and benefits package along with the opportunity for growth and career advancement.

QUALIFICATIONS

The chosen candidate will receive a competitive base salary and benefits package along with the opportunity for growth and career advancement.