Manager, Asset Management

Responsibilities

• Asset Management:
• Develop and implement short and long-term strategies, designed to sustain or improve the value of the portfolio through cash flow and long-term asset value enhancement initiatives. Explore and underwrite property level ROI opportunities in conjunction with strategy.
• Maintain a thorough understanding of all factors affecting markets and submarkets associated with each property's positioning including but not limited to supply and demand factors, industry and local market influencing organizations and competitive properties.
• Partner with management companies' regional leadership and property leadership teams to realize operating goals and maximize Host's return. Continuously build relationships at the property and market level by traveling to the property and spending time in market.
• Maintain a thorough understanding of the key factors affecting markets and submarkets associated with each property's positioning including but not limited to supply and demand factors, industry and local market influencing organizations and competitive properties.
• Financial Reporting and Analysis:
• Perform reviews on targeted assets. This may include an evaluation/benchmarking of an operating department, supply and demand analysis, repositioning strategies, marketing deployment or other special projects for the Host Hotels portfolio.
• Initiate and supervise execution of financial models that will help the asset management team to identify and track property and portfolio goals.
• Manage financial reporting, asset value enhancement projects, market area research, budgeting and forecasting processes, hotel operations analysis and other major projects across the Host Hotels portfolio.
• Develop and implement short and long-term strategies, designed to sustain or improve the value of the portfolio through cash flow and long-term asset value enhancement initiatives. Explore and underwrite property level ROI opportunities in conjunction with strategy.
• Audit existing and create new (if needed) portfolio reporting and financial analysis tools, such as FRS reports, Investment Plans, Budgets and ROI models among others.
• Provide full financial reporting training and onboarding assistance to new hotel management teams.
• Continuously work on improving reporting mechanisms to the senior management and increasing workflow efficiencies.
• EDUCATION/EXPERIENCE:
• Four-year degree is a requirement with degree preference in Real Estate and/or Hospitality Management. MBA or Master's Degree is a plus. Emphasis placed on the strong financial background,

Benefits

Additional Information

SUMMARY OF POSITION: The Manager, Asset Management will oversee financial reporting, initiate and execute complex and unique portfolio projects and support all major processes in the Asset Management department and will be part of a larger asset management team that is responsible for creating stockholder value for the entire Host Hotels portfolio through aggressive asset management. Additionally, this individual will asset manage 2 to 4 properties that total from 500 to 2,000 guest rooms and approximately $100 to $300 million in total asset value. The individual is responsible for real estate value maximization through optimized operations, thoughtful and effective capital planning and ensuring value enhancement initiatives are executed and expected results are achieved.

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