LocationDC Office - 655 New York Avenue NW Suite 800BusinessAt Brookfield Properties, we recognize that real quality lives in the details. It’s why our hotels are developed and managed to the highest standards of excellence, where corners are never cut. Here, each aspect of design is deliberate. Here, our efficiency is exhaustive, and our performance is painstaking. And here, caring about our guests is at the core of everything we do.If you're ready to be a part of our team, we encourage you to apply.Job DescriptionVice President, Asset Management - Hospitality B r o o k f ield A sset Ma n a g e ment ( “ B r oo k f iel d ”) is a g l obal a l t e r n a t i v e a s s et m a n a ger wi t h over $385 b il l i on in a s s ets u n d er m a n a ge m ent. Wi t h a 12 0 - y e a r heri t a ge a s owne r s a n d ope r a t ors, B r o ok f ie l d is in v e s t ed in long-life, hig h - q u a li t y a ss ets a n d b u sin e s s es in m ore t h a n 30 c o u nt r ies a r o u n d t he world. B r o ok f ie l d le v er a ges i t s ope r a t ion a l expe rt ise t o en h a n c e c a s h f lows, i n cre a se t he v a l u e o f u n d erl y ing a s sets, an d generate super i or r etu r ns f or in v e s t ors.A s one o f t he wo r l d ’s lar g e s t in v e s t ors in r e a l e s t a t e, wi t h $194 b il l ion in as sets a n d 17 , 000 o p er a t i n g employ e e s , B r o o k f ie l d o w ns a nd opera t es i c o n ic p r oper t ies in t he w or l d ’ s m o s t d y n a mic m a r ke t s. T he ir g l obal po rt f olio i n clu d es o ff i ce, r e t a il, mult i f a mil y , logist i c s , h o s pi t a li t y, se l f -s t o r a ge, tr ip l e n et le as e, m a n u f a ctu r e d h o u sing, an d s t u d e nt h o u s ing a s se t s.B r oo k f iel d ’s h o spi t a li t y p o rt f olio i n cl u d es 25 , 000 r o oms a c r o s s 1 2 3 hote l s i ncl u d ing f ull s e rv ice, sel e ct ser v ice a n d lif e s t y l e h o s p i t a li t y a s sets i n hig h - b a rr i er d e s t in a t i o n m a r ke t s a r o u n d t h e wor l d . D r a wing on more t h a n t wo d ec a d e s of expe r i e nc e , t h e ir in d u s tr y -lea d i ng h o spi t a li t y t e a m a ct iv ely m a n a g e s t h e se a s s ets a n d u n d er t a kes e x t en s i v e c a pi t a l i m p r ove m ents t o b o o s t operat i o n a l pe r f or m a n c e a nd en h a n ce loc a t i o n d e s i r a b il it y.About the Role B r o o k f ield i s seek i ng a s e nior r e a l e s t a t e p r o f e s si on a l t o t a ke a le a d ing r ole in the a sset m a n a gem e nt of a ho s pi t a li t y po rt f olio a n d a l so s upport a s sets B r o ok f ie l d is in t he p r o ce s s o f a c q ui r ing. T he s uc c e s s f u l c a n d i d a t e wi l l b e a discerning r e a l e s t a t e p r o f e ss i o na l w i t h s tr o n g d r i v e a nd p a s si o n f or h o s pi t a li t y r e a l e s t a t e . T he i d e a l c a n d i d a t e s h o u ld h a v e d eep expe r i e nce in i n s t i t ution a l a s s et m a n a gem e nt, d e v elo p me n t /r e - d e v elo p me n t , a n d s tr a t eg i c a s set p l a nni n g. T h e i d ea l c a n d i d a t e wi l l work as a key me m b er of t h e t e a m t o m a xim i ze p r oper t y v a l u a t i o n , op t imize a s s et pe r f o r m a n ce, en s ure or g a n i z a t i o n a l e f f ecti v e n e s s , imp l e m ent high o p er a t io n a l s t a n da r d s, a n d m a in t a in s tr o n g o p er a t or r elati o n s .T his p o s i t i o n wi l l remotely- b a s e d, ideally near a major international airport , a n d t his pe r s on wi l l r eport t o the S en i or V ice Pr e s i d e n t r e s po n si b le f or p or t f olio m a n a ge m ent a ct iv i t ies f or h o spi t a li t y p r oper t i e s i n N or t h A meri c a . T he t e a m h a s a Chicago- b a s ed a n a l y st p o o l a n d d e d i c a t ed r e s o u r ces wi t h s tr o n g t ec h n i c a l b a ckg r o u n ds in specific disciplines within the h o spi t a li t y industry.ResponsibilitiesAsset Management
P er f orm a s s et m a n a g e m ent a ct iv i t ies, i ncl u d ing development o f c a pex, br a n d ing, operat i o n a l, m a n a ge m ent a nd r e p o s i t i o n ing st r a t egies a n d a d h e r en c e to t he d etail e d b u s i ne s s p l a n
A ct a s t he ow n er r ep r e s e ntati v e in inte r a ct i o n s wi t h hotel br a n d a n d m a n a g eme n t t e a ms t o e n sure owner st r a t egies a r e e f f e c t i v ely i mplement e d
Pr o a ct iv ely eng a g e wi t h h o t el t e a ms t o cr e a t e a nd i m p l eme n t ope r a t ing m o d e l s t h a t m a x i mize r e v e n ue a nd p r o f i t a b il it y
Pr epare a n d p r e s e nt wee k l y , mo n t hl y , q u a rt erl y , a n d a n n u a l a s s et m a n a g e me n t a nd po rt f olio r epor t s , c a s h f l ow f ore c a s t s, a n d d ist r i b ution a n a l y s es
R e v ise s tr a t egi e s a nd t he a cc o mp a nying b u sin e ss p l a n t o a d d r e s s c h a n g es in m a r ket a n d / o r p r oper t y c o n d i t ions a s well a s a ny a me n d e d in v e s t m e nt st r a t egies
Perform detailed review of weekly forecasts and pace reports, monthly financial statements, STR reports, brand audits, guest surveys and revenue management strategies to identify weaknesses and inefficiencies as well as revenue enhancement opportunities.
Pr ov i d e r e c om m e n d e d so l utions t o a ny ope r a t io n a l i ss u es t h a t c o uld im p a ct t h e f i n a n ci a l pe r f orm a nce of a n a s s et
Le a d weekly r e v e nue c a l l s wi t h hotel t e a m s a nd i d e ntify a n d i mplem e nt act i o ns t o g a in m a r ket s h a r e
Con d u c t r egu l a r exp e n s e r e v iews t o en s ure t h a t t he a sse t s a r e m e et i ng or exc e e d ing ope r a t ing targets, m a r gi n s a n d f l e x / f l o w met r i c s
Con d uct M o n t hly Ope r a t i n g R e v iews wi t h h otel a n d r egion a l operat i o n s t e a ms t o r e v iew a ll a r e a s o f t he ope r a t ion; en s ure t h a t t he a sset i s o n t r a ck t o m eet or ex c e e d b u s i ne s s p l a n
R e v iew a n d a n a l y z e e a ch a s s et’s a n n u a l b u sin e ss p l a n, s a l e s a nd m a r ke t ing p l a n, a nd a n n u a l b u d g e t ; eng a ge wi t h h otel t e a m s t o d i sc u ss r i s ks a n d oppo r t unities r e l a t ed t o the a n n u a l p lan a n d b u d get
Tr a ck m a r ket a ct iv i t y t o r em a in cur r e nt on tr en d s a n d e v ents a f f ecting t he h o s pi t a li t y in d u s tr y, a s well a s l o c a l m a r ket d y n a mi c s inclu d i ng s upp l y a n d d e m a nd c h a ng e s a nd tr en d s
N egot i a t e a n d e n sure c omplia n ce wi t h t hi r d -pa r t y lea s e s, f r a nc h i se a g r eem e nts, m a n a g em e nt c o nt r a c t s p r oper t y imp r o v eme n t p l a n s , a n d ot h er v en d or r e l a t ed d o cu m e nts t h a t i mpact hotel operat i o n s
Pr epare a n d u p da t e 5 - y e a r f ore c a s t s f or e a ch a s set o n a q u a rt erly b a s i s t o d r i v e t he q u a rt erly v a l u a t ion p r o c e s s
E n s ure t h a t t he p hysi c a l i n t eg r i t y of t he a s s ets is m a intain e d a t a n i n s t i t ution a l q u a li t y le v el, v ia r obust engineerin g , a n d p r e v e nti v e m a int e n a nce p r og r a ms
A ssist i n t h e u n d erw r i t ing p r o c e s s f or n ew a cqu i si t i o n s , a s se s s m a r ket r i sk a n d o p p or t uniti e s, c o n d uct b en c h m a r king a n a l y s e s , i d ent i f y a nd i n c o r po r a t e a sset-le v el v a l u e a d d op p or t unities into t he p r o f or m a u n d erw r i t ing
A n a l y ze a n d r e p ort on a s s et le v el pe r f or m a nce c om p a r ed t o i n d u s tr y b en c h m a r ks a n d c om p a ny key pe r f or m a n c e i n d ic a t ors as d ete r m i ned t h r o u g h t he u n d erw r i t ing a nd b u s i n e s s p l a n.
P or t f olio M a n a g eme n t
Coor d i n a t e wi t h tr e a sury a nd a c c o u nting t e a m s t o a s s e s s weekly p r o p erty c a sh f low ne e d s, c a pi t a l r equi r eme n t s, a nd p r o pe rt y -le v el d ist r i b utio n s
Coor d i n a t e wi t h inte r n a l t e a m s a n d le n d e r s on r ep o rt ing, lo a n a g r e em e nt c o m p l ia n ce, d e b t c o v e n a nt tr a cking, d r a w r eq u e s t s a nd c a s h m a n a ge m ent r e q ui r eme n t s.
Capex M a n a gem e nt
Wo r k clo s ely wi t h t h e int e r n a l p r oje c t m a n a g e me n t t e a m a n d c o n s ul t a nts t o create c a pi t a l b u d ge t s t h a t help m a ximize re v e n u e a n d p r o f i t a b il it y, a n d en h a n ce t h e long-term v a lue of t h e a sset
M o n i t or t he m a n a gem e nt a nd impl e me n t a t ion o f ca pi t a l r en o v a t ion p r oje c t s a nd operat i ng a ct iv i t ies, a nd work wi t h p r o j ect m a n a gem e nt t o e n sure t h a t ca pi t a l p r oje c t s a r e c omple t ed wi t h i n t he a pp r ov e d b u d get a nd t i meline
Qualifications
A t lea s t 10 years o f expe r i en c e m a n a ging h o spi t a li t y a sse t s, p r e f e r a b ly in r e a l e s t a t e p r i v a t e equi t y or r e a l es t a t e a s s et m a n a g e me n t .
D eep expe r i e nce in i n s t i t ution a l a sset m a n a g em e nt, a n d s tr a t egic a s s et p l a nni n g wi t h a d r i v e f or excelle n ce a n d a p a s sion f or t he h o s pi t a li t y s ector
B r o a d g e og r a ph i c a sset m a n a g em e nt a n d o p er a t io n a l expe rt i s e
Pr oven tr a ck r e c ord o f b e i ng le a d on po rt f ol i o m a na gement
F a mil i a r wi t h a cqu i si t ion s , t he u n d erw r i t ing p r o ce s s, a n d o n b o a r d i ng a sse t s p r e a n d p o st - cl o sing
E xpe r ience m a n a g i ng t e a ms a s well a s c o o r d i n a t ing wi t h other d epa r t me n t s a n d exter na l s t a k e ho l d ers
E xceptio n a l a n a l yt ic a l ski l l s a n d o pe r a t i o n a l a c u men t o ove r s e e a n d r e f ine a ss e t -le v el a n a l y s e s
E ff ecti v e p r e sen t a t ion ski l l s, incl u d ing s tr eng t h i n ve r b a l a n d w r i tt en c om m uni c a t ions
A n e n tr ep r en e ur i a l spi r i t , wi t h s tr o n g w ork eth i c a n d high d eg r ee of se l f -moti v a t ion
A p r o a ct iv e, f orw a r d -look i ng app ro a ch t o h o s pi t a li t y a s s et m a n a g em e nt
Ab il it y t o ada pt t o sh i f t ing m a r ket d yn a mics a n d d e v elop in n ovat iv e s olutio n s
A c ollabo r a t i v e n a t ur e , wi t h a wi l lin g n e s s t o b uild a nd s u s t a i n p r o d ucti v e wo r king r elatio n shi p s wi t h c o l l e a g ues a cr o ss v a r io u s t e a ms
Ab il it y t o in f lue n ce h otel b r a n d s a nd opera t ors, a nd create c h a nge a t t he a s s e t le v el
Pr o f icie n cy in a p p l ic a b le s o f t ware
Wi l lingne s s t o t r a v el signi f ic a nt l y t o var i o us a s sets n a t ion a l l y
Hotel operations experience a plus
U n d erg r a d u a t e d eg r e e ; M B A or o t h er r elat e d g r a d ua t e d eg r ee a p l us
Compensation & Location
Remote or in office (Washington DC) position - travel required
Salary Type: Exempt
Pay Frequency: Bi-weekly
Medical & Pharmacy Coverage: Yes, under Brookfield Medical Plan
Dental Coverage: Yes, under Brookfield Medical Plan
Vision Coverage: Yes, under Brookfield Medical Plan
Retirement: 401(k)
Insurance: Employer-paid life & short/long term disability
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.#BPUSAt Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 800 properties and 350 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.
