Senior Director of Asset Management

About the role

HHM Hotels, a management, investment and development firm serving hotel owners across the U.S. and Canada, is hiring a Senior Director of Asset Management in Philadelphia, PA, based at its corporate headquarters. The role leads the strategic direction of a portfolio of upscale and midscale hotel assets and supports the Head of Asset Management, with the main purpose of creating shareholder value.

Key responsibilities

• Design and lead operational, management and repositioning strategies and adhere to the business plan
• Act as the primary owner / joint venture representative with hotel teams and drive operating models that maximize revenue and profitability
• Prepare and present weekly, monthly, quarterly and annual asset management reports, cash flow forecasts and distribution analyses
• Review forecasts, income statements, STR reports, brand quality audits, guest surveys and revenue management strategies to find weaknesses and revenue opportunities
• Take part in weekly revenue calls, conduct monthly operating reviews and review annual business plans, sales and marketing plans and budgets
• Negotiate and ensure compliance with third-party leases, franchise agreements, property improvement plans and vendor documents
• Prepare quarterly 5-year forecasts for each asset and maintain physical integrity through engineering and preventive maintenance programs
• Work with project management and consultants on capital budgets and capital renovation projects

Required profile

• At least 10 years of experience managing hospitality assets, preferably with a background in real estate private equity or real estate asset management
• Deep experience in institutional asset management and strategic asset planning
• Proven track record of delivering asset value and investment returns
• Undergraduate degree; MBA or another related graduate degree strongly preferred
• Willingness to travel significantly to assets nationwide

Required skills

• Familiarity with acquisitions, underwriting and asset transitions
• Exceptional analytical skills and effective verbal and written communication
• Ability to influence hotel brands and create change at the asset level
• Proficiency in applicable software

What we offer

• Medical, dental and vision health insurance, paid time off and 401k company match
• Free basic life insurance, travel discounts and commuter transit and parking benefits
• Annual incentive program, employee assistance and wellness program, educational and professional development, technology reimbursements and referral bonus program