Director of Asset Management

Stonebridge Companies Head Office
Published
May 12, 2022
Location
Denver, CO
Category
Job Type

Description

Director of Asset Management

Distinguished Hospitality™ - in our industry it is all about providing experiences and opportunities for our guests to create lifelong memories through travel. We're perfectionists and visionaries, fueled by innovation and precision. Whether you work at our Corporate office, on property, or anywhere in-between; a job at Stonebridge will be demanding. It also will reward original thinking, hard work, and dedication.

Stonebridge Companies is a privately owned, innovative hotel development and hospitality management company. We manage a portfolio of 53+ hotels across the United States, and provide investor opportunities, hotel development services, hotel management services, and hospitality career opportunities to our partners and associates. We are currently looking to add a Director of Asset Management to our corporate team located in Denver, CO.

The Director of Asset Management will support the CEO and the COO with insight into the operating performance of our hotel and commercial portfolio. The position entails a diverse array of activities from P&L analysis, benchmarking, capital spend recommendations, and retail lease management. +/- 75% of the duties would be hotel related with the remainder allocated to the retail portfolio.

The Director of Asset Management will support the asset and development management team with 75% of their time dedicated to asset management and 25% to development related activities.

Core Duties:

    -Hotel Analysis as directed by CEO/COO

      -Review monthly performance and benchmark data across brands/regions to identify areas for operating efficiencies

      -Perform high-level valuation analysis on the company's hotel assets

      -Effectively interact with hotel executive teams during monitoring calls

    -3rd Party Equity Partners

      -Prepare/present asset performance updates

      -Assist with the calculation/review of monthly distribution calculations in accordance with the various waterfall agreements

    -Commercial (Retail) Lease Management

      -Manage broker relationships for various retail listing agreements

      -Negotiate retail leases

      -Make decisions regarding capital / operational expenditures

Requirements:

    -Familiarity with hotels across brands (specifically Marriott/Hilton). Brand contacts are important.

    -Four-year degree and four years of asset management experience in the hospitality industry.

    -Prior experience in hospitality operations is a plus.

    -Familiarity with key legal documents - hotel management agreements, franchise agreements, joint venture agreements, loan documents

    -Experience in retail leasing/negotiation a plus.

    -Strong working knowledge of property level financial statements

    -A successful candidate must demonstrate excellent analytical ability, strong attention to detail, advanced Excel skills, and strong finance and accounting knowledge.

    -Candidates must demonstrate flexibility in a complex and changing organization and the ability to adapt to changes in structure and work priorities.

Personal Characteristics:

Delivering daily on Distinguished Hospitality™ that is what we expect of you, but we also expect you excel at the following:

    -Excellent verbal and written communication skills

    -Strong attention to detail, organization and time-management skills

    -Good customer service and people skills

    -High level of professionalism and integrity

    -Must be trustworthy and able to handle confidential and proprietary information appropriately

    -Proactive and willing to undertake research to resolve problems

    -Works equally well independently and in a term-oriented environment

    -Must be highly organized and a self-starter eager to engage, collaborate and be highly capable of managing multiple projects in a fast-paced environment.

    -High energy level with a positive, upbeat attitude

    -Eagerness for growth and personal development

Our company does not discriminate against its associates or applicants because of race, color, religion, sex, pregnancy, national origin, ancestry, age, marital status, sexual orientation, veteran status, physical or mental disability or medical condition. Equal employment opportunity will be extended to all persons in all aspects of the employer-associate relationships, including recruitment, hiring, advancement, compensation, benefits, training, promotion, transfer, discipline, layoff, recall and termination. Every reasonable accommodation will be made for disabled associates.

Resumes and applications for employment will be evaluated on the basis of qualifications to meet the requirements of the position and ability to perform the requirements of the position.

Our company does not discriminate against its associates or applicants because of race, color, religion, sex, pregnancy, national origin, ancestry, age, marital status, sexual orientation, veteran status, physical or mental disability or medical condition. Equal employment opportunity will be extended to all persons in all aspects of the employer-associate relationships, including recruitment, hiring, advancement, compensation, benefits, training, promotion, transfer, discipline, layoff, recall and termination. Every reasonable accommodation will be made for disabled associates.

Resumes and applications for employment will be evaluated on the basis of qualifications to meet the requirements of the position and ability to perform the requirements of the position.

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