Hotel Asset Manager (Bilingual In Korean)
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Overview
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
Requirements
[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)
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