Hotel Asset Manager
1 month ago
Job Summary
We are seeking a seasoned Hotel Asset Manager to oversee the performance of our hotel assets in Western Canada. The ideal candidate will have a strong background in hotel and hospitality asset management, financial analysis, and project management skills.
Key Responsibilities
- Manage and lead on-site hotel managers, conducting regular inspections and meetings with GMs and department heads.
- Monitor portfolio performance, adjusting strategies as needed to maximize returns.
- Own the outcome for all assets under management, preparing monthly reports for senior management and ownership.
- Monitor market trends to identify opportunities to increase cash flow and profits.
- Create and implement Revenue Management strategies, setting pricing for business segments and room types.
- Research and evaluate potential competition and threats in the market.
- Create and achieve budgets, including Capital Expense requirements.
- Manage communication and negotiations with Franchises, including audits and brand standards.
- Maintain up-to-date knowledge of brand standards and attend related conferences.
- Regularly monitor physical conditions of each building and recommend repair & maintenance projects.
- Monitor purchases, review vendor quotes, and provide recommendations.
- Conduct due diligence and handover process for new asset acquisitions.
- Act as project lead for renovation and Property Improvement Plan initiatives.
Requirements
- Relevant degree or diploma in hotel management preferred.
- Minimum 3 years experience as Hotel General Manager or Hotel Asset Manager.
- Experience with Hotel Franchises beneficial.
- Strong fundamentals in Excel.
Corporate Culture
- Competitive salary and bonus structures.
- Health Insurance benefits.
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