Asset Manager

Alpha 3 Hotels Management

Position Summary: The Asset Manager is responsible for maximizing the value and performance of a portfolio of 13-hotel assets and 3 shopping centers. This position serves as the primary liaison between ownership and hotel operators, ensuring each property meets financial, operational, and strategic objectives. The ideal candidate has a deep understanding of hotel operations, financial analysis, capital planning, and real estate investment principles.

We offer Medical/Dental/Vision benefits, a generous PTO program, and the opportunity to join a winning culture recognized for rewarding our best with opportunities to advance their career within the company.

Responsibilities:

• • Serve as the owner's representative for a portfolio of managed or franchised hotels.
• Conduct regular financial performance reviews including P&L analysis, benchmarking, and forecasting.
• Identify opportunities to increase asset value through revenue enhancement, cost control, capital investment, and operational efficiency.
• Oversee capital expenditure planning, budgeting, and project execution in collaboration with property teams and corporate stakeholders.
• Review and approve annual business plans, operating budgets, and capital expenditure budgets submitted by hotel management.
• Monitor market trends, STR reports, and competitive positioning to inform strategic decision-making.
• Conduct site visits and maintain strong working relationships with General Managers and property leadership teams.
• Evaluate operator performance and compliance with management agreements; recommend changes when appropriate.
• Assist in underwriting and due diligence for acquisitions, dispositions, and refinancing efforts.
• Prepare presentations and reports for internal stakeholders, investors, and ownership groups.
• Experience working with branded and independent hotel operators.
• Familiarity with property improvement plans (PIPs), management contracts, and franchise agreements.
• Advanced Excel skills and familiarity with BI tools or asset management software.
• Any and all other duties as assigned

Qualifications:

• 5+ years of experience in hotel asset management, hotel operations, or hospitality investment.
• Bachelor's degree in Finance, Hospitality Management, Real Estate, or related field; MBA or Master's degree preferred.
• Strong analytical skills with proficiency in financial modeling and performance analysis.
• Working knowledge of hotel operating statements, STR, P&L statements, and capex planning.
• Proficient in Microsoft 365, BI tools and similar applications
• Must possess a valid driver's license and reliable transportation
• Must speak English fluently
• Must have excellent written and oral communication skills
• Mathematical skills include basic math, budgeting, profit/loss concepts, percentages and variances. Problem solving, reasoning, motivating, organizational and training abilities are often used
• Ability to effectively multi-task

Travel:

Up to 100% travel requirement.

A Company truck will be provided - Must possess a valid driver's license

Work Hours and Schedule:

This is a full-time position based on a five-day work week. The Asset Manager is expected to be available for occasional after-hours support, including weekends, in the event of urgent property-related issues. Flexibility and responsiveness are key, as this role involves oversight of operational continuity across all properties.

Alpha 3 Hotels Management is proud to be an Equal Opportunity Employer

We are an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This description is a summary of primary responsibilities and qualifications. The job description is not intended to include all duties or qualifications that may be required now or in the future. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Pre-employment background check required.