Over 5 years of hotel operations experience managing a hotel portfolio
Strong analytic skills in valuation, forecasting, and modeling
Experience at a Hotel Management Company (not mandatory)
Proven expertise in revenue management, sales, and hotel operations
Self-motivated with a strong work ethic to see projects through to completion
Excellent organizational and communication skills
Ability to prioritize and multi-task effectively under pressure
Bachelor's Degree in Business or Hospitality Management preferred
Bilingual in Korean is a plus
Responsibilities
Oversee acquisition, underwriting, and due diligence processes
Review monthly operating reports to track performance and budget variances
Assess and implement value-enhancement opportunities for each hotel asset
Monitor capital improvement projects for adherence to approved spending
Understand supply and demand factors affecting property positioning
Evaluate food and beverage, housekeeping, maintenance, and sales operations
Conduct on-site property reviews and interface with operating partners
Benefits
Work closely with company leadership and external partners
Opportunity for travel, approximately 20% of total work days
Dynamic work environment in the hospitality industry
Potential for professional growth and development in hotel asset management
Full Job Description
Job Summary
The Hotel Asset Manager/Associate will be responsible for optimizing the performance of a portfolio of hotels by overseeing both property-based and management company representatives. This individual will also be responsible for conceiving new revenue generating ideas across the portfolio. The position will require close interaction and collaboration with company leadership and external operating partners. The candidate will need the ability to work in a fast-paced, constantly changing environment. This is a revenue management-focused position that requires analytic skills. Job Description
Specific responsibilities include:
- Hands on ongoing processes, including acquisition/underwriting/due diligence, financing and lender reviews, transactional readiness, capital expenditures recommendations/approvals, labor strategy, renovation design and construction, and brand compliance
- Review monthly operating reports to help track operating performance, operating budget variances, and significant changes in the assets and their respective markets
- Assess, develop, and implement value-enhancement opportunities for each asset in both operational and capital disciplines; this entails understanding the property from both operational and real estate perspectives
- Monitor the progress of capital improvement projects and spending for adherence to approved plans and identify cost variances
- Maintain a thorough understanding of all factors affecting markets and sub-markets associated with each property's positioning including but not limited to supply and demand factors, industry and local market influencing organizations and competitive properties
- Monitor the progress of capital improvement projects and spending for adherence to approved plans and identify cost variances
- Evaluate on property F&B, Housekeeping, Maintenance, Sales operations, and 3rd party operators
- Complete on-site property reviews at each asset as needed (Out of Town travel anticipated to be approximately 20% of total annual work days, negotiable)
- Identify and address any existing or potential deficient conditions relating to the physical asset
- Participate in calls with operating partners for asset and market performance
Qualifications
Minimum Qualifications:
- Over 5 years of hotel operations experience overseeing a portfolio of hotels (Plus but not required)
- Must possess strong analytic skills, including valuation, forecasting and modeling
- Experience working at a Hotel Management Company (Plus but not required)
- Proven experience in revenue management, sales, and hotel operations
- Strong work ethic, must be able to see projects through to completion, self-motivated, resourceful and proactive
- Excellent organizational and communication skills
- Ability to work independently, effectively prioritize, and multi-task under pressure
- Bachelor's Degree in Business, or Hospitality Management (Preferable but not required)
- Preferred Location is the company HQ, Irvine, CA
- Bilingual Plus (Korean)
What's On Offer
Apply online or feel free to contact us directly for more information about the opportunity. Due to the high volume of applicant, we regret to inform that only shortlisted candidates will be notified. Thank you for your understanding.
