Hospitality Asset Manager

Roch Capital, Inc; Glen Mills (Delaware County); On-site; USD 90,000 - 120,000; Full time

Job summary

Roch Capital, Inc. is seeking a Hospitality Asset Manager at our Glen Mills, PA headquarters to oversee hotel portfolio performance, key metrics, and reporting.

You will lead asset-specific strategies, coordinate with property managers, and support acquisitions through underwriting and due diligence to improve asset value and cash flow. You will also maintain industry relationships and monitor operations to ensure superior asset results.

Qualifications

• Bachelor's level degree in Business or a related field required.
• Minimum of three years demonstrated real estate experience, with experience working on hotels required and preferably experience in an accounting related role.
• Ability to think and act strategically, with experience analyzing investment decisions
• Strong negotiation, analytical and interpersonal skills are essential. Ability to work independently.
• Background in reviewing financial reports and communicating results.
• Experience analyzing competitive market information and establishing performance benchmarks.
• Must have a true entrepreneurial spirit, and desire to excel.

Responsibilities

• Identify key metrics for each hotel property in the portfolio and track regularly.
• Analyze financial statements to control expenses and identify areas of improvement.
• Prepare reporting packages for ownership in a concise and informative manner.
• Establish asset-specific strategies to grow asset value and cash flow.
• Oversee third party property managers to meet financial and strategic plans.
• Monitor asset performance including Revenue, NOI, cash flow, and asset values.
• Assist acquisitions through underwriting, due diligence, and closings.
• Be owner representative with lenders, partners, and vendors.
• Maintain industry contacts across local and national markets.
• Conduct regular property tours to ensure proper maintenance and staff performance.

Skills

Strategic thinking

Negotiation

Analytical

Interpersonal skills

Independent work

Financial reporting

Market analysis

Benchmarking

Education

Bachelor's degree in Business

Job description

The Hospitality Asset Manager, located at our headquarters in Glen Mills, PA, will assist with managing the hospitality portfolio for Roch Capital, with a primary focus on key metrics and reporting. The individual will also assist with asset strategic planning, major capital projects and work with internal and external property managers to review, evaluate and improve asset performance.

Key Responsibilities

• Identify key metrics for each of the hotel properties in the portfolio and be able to track and monitor these metrics on a regular basis.
• Analyze financial statements regularly to control expense levels and identify areas of improvement.
• Effectively prepare reporting packages to deliver these reports to ownership in a concise and informative manner.
• Work with Company management to establish asset specific strategies that produce long term growth in asset value and cash flow.
• Oversee third party property managers (and in certain cases internal property managers) to meet financial and strategic property plans.
• Monitor asset performance including Revenue, NOI, cash flow and asset values and progress towards achieving asset strategies.
• Work with acquisitions team to provide input on underwriting assets, perform due diligence and evaluating assets for potential disposition. Work on property closings and initial set up of assets upon acquisition.
• Be the owner representative on issues associated with venture partners, lenders, and vendors.
• Maintain industry contacts and relationships across the portfolio's local markets and nationally through peers, competitors, vendors, brands, and real estate associations.
• Complete regular tours of the property to ensure proper maintenance of the property and efficient and effective performance of staff and third party providers.

Education and Experience

• Bachelor's level degree in Business or a related field required.
• Minimum of three years demonstrated real estate experience, with experience working on hotels required and preferably experience in an accounting related role.
• Ability to think and act strategically, with experience analyzing investment decisions
• Strong negotiation, analytical and interpersonal skills are essential. Ability to work independently.
• Background in reviewing financial reports and communicating results.
• Experience analyzing competitive market information and establishing performance benchmarks.
• Must have a true entrepreneurial spirit, and desire to excel.

We are an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, ethnicity, religion, sex, national origin, age, sexual orientation, color, ancestry, familial status, marital status, veteran status, genetic information and physical and mental disabilities and any other characteristic protected by law.