Vice President of Asset Management

1 week ago


Silver Spring, Maryland, United States Choice Hotels Full time
Position Overview

As the Director of Asset Management, you will play a pivotal role in overseeing a diverse portfolio of hotels, focusing on enhancing asset value and identifying strategic opportunities.

Key Responsibilities
  • Portfolio Oversight: Manage the operations, market strategies, and capital planning for a selection of hotels.
  • Strategic Planning: Collaborate with the Investments team and Segment leadership to formulate and execute a comprehensive strategic plan for each asset.
  • Budget Management: Review and authorize the annual operating and capital budgets for each property, ensuring alignment with market conditions.
  • Performance Analysis: Work closely with hotel management teams to evaluate operations and implement strategies to enhance net operating income.
  • Capital Improvement: Recommend and oversee capital projects aimed at improving property performance and returns.
  • Reporting: Ensure accurate and timely asset and portfolio-level reporting, presenting actionable insights to leadership.
  • Team Leadership: Mentor and guide junior team members, fostering a culture of learning and accountability.
Qualifications

The ideal candidate will possess:

  • A minimum of 8 years of progressive experience in hotel asset management or operations.
  • Strong analytical skills with a focus on profitability and operational efficiency.
  • A solid financial background with knowledge of real estate investment structures.
  • Experience in managing capital improvement initiatives.
  • Excellent communication and interpersonal skills, capable of conveying complex information clearly.
  • A willingness to travel as needed.
Work Environment

This leadership role will be based in a modern corporate setting, promoting a flexible work arrangement that encourages communication and collaboration.

About Choice Hotels

Choice Hotels International, Inc. is a leading global lodging franchisor, offering a wide range of hotel brands to cater to various traveler needs. Our commitment to excellence is reflected in our extensive portfolio and award-winning loyalty program.



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