Hotel Asset Manager - Irvine California

**This position is for US citizens only or those with legal work permit in the USA**

A large luxury hotel, located in Irvine, Southern California, seeks an experienced Asset Manager. This role requires a highly motivated and proactive individual with great flexibility and initiative who is eager to deepen his/her hotel asset management knowledge.

The Asset Manager reports to the owners of this full service property that is managed by a large International Brand. Hotel Asset Management experience is a mandatory requirement of this role.

The main focus of the Asset Management is to support the Ownership in maximizing profits, revenue and costs. The Asset Manager also executes strategic asset management responsibilities by; Assisting in preparing operating reviews and strategic plans; conducting special projects/ROI analysis; monitoring key trends in the overall portfolio; and underwriting hotel acquisitions. This hotel is part of one of the largest International brands in our industry. Hence, operations and construction experience are primary requirements for this position.

The purpose of this position will be the Management and leadership of the allocated project to ensure completion in accordance with design requirements, time and cost constraints to achieve profit objectives for the company. The Asset Manager should be a person with experience in overall office and general business procedures, have a strong familiarity with hotel operations, and must be a very financial astute individual.

Responsibilities:

• Review and analyze monthly hotel financial statements; write standard monthly client report and maintain plans and actions.

• Analyze income statements or prepare other analyses related to maximizing revenues and minimizing expenses that lead to strategies to improve asset performance.

• Assist in developing successful strategies and decisions relative to ADRs, Rev PARs, occupancies, daily expenses, etc.

• Monitor leases, management agreements, franchise agreements, etc. to protect ownership rights and ensure contract compliance.

• Develop financial models to evaluate investment returns on proposed capital projects and acquisition/developments.

• Collect market data and conduct benchmarking analysis.

• Abstract management and franchise contracts and monitor key approvals.

• Participate in re-branding analysis and management and franchise contract analysis.

• Participate in hotel site visits and market tours to obtain first-hand knowledge of the hotels, competition and demand generators.

• Participate in regular onsite property reviews with the Portfolio Manager as well as in owner meetings.

• Assist in analysis of annual operating budgets.

• Produce ad-hoc analyses to evaluate the performance of hotel assets and seek out opportunities for greater efficiency and better performance.

• Identify issues and areas of opportunities for assets.

Qualifications:

• A Bachelor’s Degree or equivalent, preferably major in Hospitality Management and/or Real Estate Finance

• Outstanding record of academic achievement

• 5-8 years of work experience in hotel real estate (such as feasibility, development or appraisal) and/or asset management

• Good financial acumen, understanding of hospitality finance & accounting

• Knowledge of the lodging and hospitality industry

Annual Salary of US$80,000 gross + benefits.

If you are interested in this role and meet ALL the requirements, please forward your resume in word format to:

steve@renardinternational.com