Assistant Vice President of Asset Management-Hotels

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Assistant Vice President of Asset Management (Hotel)

Summary

The Assistant Vice President of Asset Management evaluates hotel asset performance and is responsible for executing on the business plan to drive maximum asset value. This position advises on ways to maximize revenues, create operational efficiencies, and maintain the physical asset. This individual is foremost responsible for advocating Crawford Hoying’s best interests with third-party hotel management teams. In addition, this role evaluates asset performance for potential acquisition and disposition.

Under the guidance of the President of Real Estate Investments, the Assistant Vice President of Asset Management presents complex financial information to other departments, executive leadership, and external parties, including lenders and investors. This is a highly analytical and strategic position that works across all lines of business within the company. Strong communication skills both face-to-face and in writing are essential.

This is a leadership position. As the basis for management, the Assistant Vice President of Asset Management shall implement the 7 Core Values that Crawford Hoying has established to maintain its desired culture. In this role there is frequent driving or flying to the company’s various hotel assets, with occasional overnight stays.

Job Responsibilities (responsibilities may include but are not limited to the following)

Leadership

• Manage direct and indirect reports by implementing the 7 Core Values established by Crawford Hoying
• Oversee, train, and develop direct reports
• Provide leadership to the team through all stages of employment, including recruitment and hiring, teambuilding, resolving personnel issues, and applying disciplinary procedures
• Take responsibility for the quality of the work product presented by direct/indirect reports and external sources; review work for accuracy before submitting to others
• Prepare annual reviews, set goals, and implement personal development plans for direct reports
• Motivate team members to participate in classes and training
• Approve schedules, workloads, and paid time off

Hotel Operations

• Proactively provide operational oversight of the company’s portfolio of hotel assets by regularly interacting with third-party hotel management teams and consultants, advising on hotel management, applying real estate strategy, and evaluating return on investment
• Regularly visit the hotels to inspect the facilities to ensure that company standards are being maintained and to spot deficiencies in cleanliness, service levels, and property conditions; meet with management and tour the market areas and competitive set of hotels
• Oversee Analysts who develop and maintain advanced Excel financial models for existing investments in order to analyze past results, forecast future performance, and recommend actions for optimization
• Identify, analyze, and collaborate with third-party hotel management teams on implementing opportunities for increased revenues and operational efficiencies
• Provide oversight of renovation projects to ensure that projects are completed on time, within budget, and with the least amount of financial impact to the asset
• Prepare and present monthly, quarterly, and year-end summary reports for leadership, lenders, and investors
• Oversee Analysts who help identify, build, and drive process improvements, including the…