Senior Director, Asset Management

4 days ago


Rockville, Maryland, United States Choice Hotels Full time
About the Role

We are seeking a highly experienced and skilled Senior Director, Asset Management to join our Real Estate Investment & Asset Management team at Choice Hotels. As a key member of our leadership team, you will be responsible for overseeing our entire real estate portfolio, with a focus on maximizing asset value and identifying opportunities to drive growth and profitability.

Key Responsibilities
  • Oversee the market, operations, capital strategy, and reporting for our entire real estate portfolio.
  • Develop and maintain a strategic plan for each asset, in partnership with the Investments team and Segment leadership.
  • Develop a 5-year capital plan for each asset, aligning with the hotel's current needs and Choice Hotels' long-term ownership strategy.
  • Review and approve the annual operating and capital budget for each property.
  • Stay up-to-date on market conditions affecting our portfolio.
  • Partner with hotel management teams to analyze hotel operations and drive NOI through optimal revenue management, cost controls, and guest satisfaction efforts.
  • Make recommendations for capital improvement ROI projects and comprehensive property improvement plans.
  • Identify opportunities to recycle capital, balancing maximizing returns and protecting the needs of the brand.
  • Develop asset and portfolio-level reporting and benchmarking, presenting findings to Segment and executive leadership.
  • Lead negotiation of management agreements and occasionally assist or lead negotiations with joint venture partners and borrowers.
  • Create strong relationships with internal and external partners.
  • Coach and mentor direct reports and junior team members.
Requirements
  • At least 12+ years of progressive experience in hotel asset management, hotel ownership, or hotel operations.
  • Strong financial background with an understanding of real estate deal structures.
  • Significant experience creating processes and procedures and ensuring accountability.
  • Experience overseeing capital improvement projects and medium-complexity renovations.
  • Ability to coach and oversee a team with varying levels of experience.
  • Comfortable making decisions and being accountable for outcomes.
  • Self-starter with willingness and ability to excel in a deadline-driven, high-volume environment.
  • Strong problem-solving, communication, and interpersonal skills.
  • Ability to succinctly and clearly explain complex information to senior leadership.
About Choice Hotels

Choice Hotels is a leading hotel company with a strong presence in the global hospitality industry. We are committed to delivering exceptional guest experiences and driving growth through our strategic investments and asset management initiatives.



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