Director, Asset Management

6 days ago

Silver Spring, Maryland, United States Choice Hotels Full time
About the Role

We are seeking a highly skilled and experienced Director, Asset Management to join our team at Choice Hotels. As a key member of our asset management team, you will be responsible for overseeing a portfolio of hotels and driving profitability through strategic oversight, capital investment, and operational excellence.

Key Responsibilities
  • Oversee market, operations, capital strategy, and reporting for a portfolio of hotels.
  • Develop and maintain strategic plans for each asset in the assigned portfolio, in partnership with the Investments team and Segment leadership.
  • Assist in the development of a 5-year capital plan for each asset, aligning with the hotel's current needs and Choice's long-term ownership strategy.
  • Review and approve annual operating and capital budgets for each property.
  • Stay current on market conditions affecting the assigned portfolio.
  • Partner with hotel management teams to analyze operations and drive net operating income 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 returns and brand needs, and lead the disposition process.
  • Ensure accurate, timely, and actionable asset and portfolio-level reporting and benchmarking, presenting findings to Segment and executive leadership.
  • Assist the Investments team with underwriting for acquisitions or new construction opportunities.
  • Create strong relationships with internal and external partners, including frequent partnership with internal FP&A, accounting, legal, and tax departments.
  • Coach and mentor direct reports and junior team members, fostering a culture that values learning, accountability, curiosity, and celebrating success.
Requirements
  • At least 8+ years of progressive experience in hotel asset management, hotel ownership, or hotel operations, with significant experience analyzing hotel operations, identifying opportunities, and driving profitability.
  • Strong financial background with an understanding of real estate deal structures, such as joint ventures and mezzanine financing.
  • Ideal experience with overseeing capital improvement projects.
  • Ability to coach and oversee a team with varying levels of experience.
  • Comfortable making decisions and being accountable for outcomes, with the ability to communicate complex information succinctly and clearly to senior leadership.
  • Self-starter with the ability to excel in a deadline-driven, high-volume environment, balancing collaboration, quick decision making, and timelines.
  • Strong problem-solving, communication, and interpersonal skills.
  • Ability to travel up to 10% of the time, occasionally with limited notice.
About Choice Hotels

Choice Hotels International, Inc. is one of the largest lodging franchisors in the world, with nearly 7,500 hotels representing nearly 630,000 rooms in 46 countries and territories. Our award-winning Choice Privileges loyalty program offers members a faster way to rewards, with personalized benefits starting on day one. We are committed to serving our franchisees and providing cutting-edge technology to keep Choice hotels thriving.

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