Manager, Asset Management

SUMMARY OF POSITION

The Manager, Asset Management will oversee financial reporting, initiate and execute complex and unique portfolio projects and support all major processes in the Asset Management department. The role is part of a larger asset management team responsible for creating stockholder value for the entire Host Hotels portfolio through aggressive asset management. The individual will asset manage 2 to 4 properties totaling 500 to 2,000 guest rooms and approximately $100 to $300 million in total asset value.

Responsibilities include real‑estate value maximization through optimized operations, thoughtful and effective capital planning, and ensuring value enhancement initiatives are executed and expected results achieved.

• Asset Management:
  • Develop and implement short and long‑term strategies to sustain or improve portfolio value through cash flow and long‑term asset value enhancement initiatives.
  • Explore and underwrite property‑level ROI opportunities in conjunction with strategy.
  • Develop and maintain improvement plans for each property within the assigned portfolio.
  • Understand key contract terms to realize investment and capital planning opportunities; partner with various internal teams to optimize contract renegotiation at the property and third‑party partner level.
  • Maintain a thorough understanding of market and submarket factors that affect each property’s positioning.
  • Partner with property leadership teams to realize operating goals and maximize Host’s return.
  • Build relationships at the property and market level by traveling to properties and spending time in the market.
  • Support internal and external counsel, accountants, appraisers and other consultants on property‑specific issues.
  • Ensure completion of property‑specific compliance requirements, including accounting, quarterly reporting of financial statements, lessor and lender requirements, settlement agreements, and local taxing and zoning authorities.
  • Partner with Host’s internal design and construction teams, third‑party contractors and property teams to ensure capital projects are properly scoped, approved, completed on time and within budget.
• Financial Reporting and Analysis:
  • Perform reviews on targeted assets, including evaluation/benchmarking of operating departments, supply and demand analysis, repositioning strategies, marketing deployment, and other special projects for the Host Hotels portfolio.
  • Initiate and supervise execution of financial models to identify and track property and portfolio goals.
  • Manage financial reporting, asset value enhancement projects, market area research, budgeting, and forecasting processes, hotel operations analysis and other major projects across the Host Hotels portfolio.
  • Audit existing and create new portfolio reporting and financial analysis tools (e.g., FRS reports, investment plans, budgets, ROI models).
  • Provide financial reporting training and onboarding assistance to new hotel management teams.
  • Continuously improve reporting mechanisms for senior management and increase workflow efficiencies.
  • Collaborate on measurement and tracking of initiatives and reporting requirements needed monthly, quarterly, and annually.
  • Participate in special projects, including evaluation (due diligence) of properties for acquisition or disposition and other recurring and non‑recurring events.

• Four‑year degree required, preference for Real Estate and/or Hospitality Management.
• MBA or Master’s Degree is a plus.
• Strong financial background, advanced leadership and problem‑solving skills.
• No less than five years of relevant experience in hotel finance and/or commercial/hotel real‑estate industries.
• Experience in a regional position overseeing a multi‑unit operation is a plus.
• Asset management experience is a plus but not required.
• Real estate or financial industry designation (e.g., CPA, MAI, CHA, RPA, CCIM, RICS or CPM) is a plus.

• Ability to initiate and execute complex and unique portfolio projects.
• Advanced leadership and problem‑solving skills.
• Self‑directed management of projects and/or processes.
• Advanced Excel modeling and IBM Cognos analysis skills.
• Strong financial…