Hotel Portfolio Manager

1 week ago


Beverly Hills, California, United States Max Benjamin Partners Inc Full time

Max Benjamin Partners Inc is seeking a skilled Hotel Asset Manager to drive the performance and strategic direction of our properties. With a competitive salary of $85,000 + bonus, this role offers ample opportunity for career growth as we expand our portfolio.

Job Description

The successful candidate will be responsible for managing asset-level performance, formulating budgets and cash flow projections, overseeing day-to-day operations, and providing capital partner reporting and relations. They will also identify and implement strategic initiatives and capital improvements to maintain the health of our properties and set them up for long-term success.

Key Responsibilities
  1. Asset Performance Management:
  • Monitor and analyze performance indicators to ensure optimal asset performance.
  • Identify key gaps in performance and develop strategies to improve performance and maximize asset value.
  • Identify areas of risk and take actionable mitigation steps to protect each asset.
Budgeting and Financial Planning:
  • Prepare monthly and annual budgets to align with financial goals and operational objectives.
  • Develop detailed cash flow projections to support decision-making and identify potential funding needs.
Day-to-Day Operations:
  • Manage the onsite team as the primary conduit between ownership and onsite operations.
  • Coordinate with the property management team to identify operational needs and implement requisite solutions.
  • Negotiate contracts with third-party vendors.
Capital Partner Relations:
  • Provide all required monthly, quarterly, and annual financial reports to our lenders on our assets.
  • Provide quarterly investor reports to our investors on our assets detailing historical performance, projected returns, and next steps for each asset.
  • Lead weekly meetings with investors and key stakeholders to discuss asset performance.
  • Serve as the primary point of contact for capital partners, maintaining open and transparent communication.
Strategic Initiatives:
  • Identify opportunities for growth and improvement of the performance of the asset (e.g., improved property management systems, marketing strategies, payroll management, contract quality, online presence, guest satisfaction, room quality).
  • Evaluate and prioritize potential capital projects to maintain the health of the properties and set them up for long-term success.
  • Lead the execution of subject capital projects.
Requirements

To succeed in this role, you should possess a diverse skillset and be comfortable wearing multiple hats. A strong background in hospitality or a related field is essential, along with excellent communication and analytical skills. If you are a motivated and detail-oriented individual looking for a challenging opportunity, please submit your resume and cover letter for consideration.


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