Vice President, Hotels Asset Management

Vice President, Hotels Asset Management

JLL empowers you to shape a brighter way .

Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world-class services, advisory, and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers, and find a place where they belong.

Vice President of Asset Management

JLL is seeking a Vice President to join our Americas Asset Management practice to be responsible for providing asset management for a portfolio of hotel investments on behalf of JLL’s clients, including both individual hotels and portfolio level oversight and reporting. The VP Asset Manager position will report to an EVP of Asset Management. Remote locations are available for qualified candidates.

Responsibilities:

1. Actively asset-manage and be responsible for a portfolio of full-service, select service, and luxury hotels.
2. Review, proactively manage and opine on annual operating and capital plans, and operating performance.
3. Administer all aspects of real estate ownership and lease structure (as applicable).
4. Effectively interact with hotels’ teams during weekly and monthly conference calls and meetings to review operating performance.
5. Benchmark and analyze hotel- and portfolio-level financial data to identify areas of opportunity.
6. Review, comprehend, and negotiate key legal documents including loan agreements, management agreements, franchise agreements, service contracts, leases, ground leases, purchase and sale agreements, etc.
7. Perform annual asset valuations disclosing methodology, inputs, etc.
8. Prepare annual hold/sell analysis for review by ownership groups.
9. Monitor and track capital expenditures (routine capital expenditure and major renovations).
10. Execute on all aspects of writing, research and/or production of client-specific monthly, quarterly, and year-end reports, meeting minutes, and research papers by assigned deadlines.
11. Maintain current knowledge of key hotel and tourism trends, sales, indicators, supply and demand dynamics, performance statistics and related topics through various industry-standard tools.
12. Additional asset management tasks, as required, to maximize the value and investment return of each hotel for our clients.
13. Perform all job duties and responsibilities in an honest and ethical manner and in compliance with all laws, regulations, and Company policies.
14. Serve at the direction of the EVP of Asset Management.

Business Development:

1. Work collaboratively with senior members of the team to deliver and implement the growth strategy for the global asset management platform.
2. Plan and execute awareness strategies working with the JLL Hotels & Hospitality marketing.
3. Lead proactive and reactive sales efforts utilizing CRM, personal networks, RFP services, external and internal leads.

Qualifications:

1. 6+ years hospitality-industry specific work experience in operations and hotel real estate asset management.
2. BA/BS degree in Business Finance, Hospitality and/or Real Estate Finance.
3. Fluency in both English and Spanish is highly desirable.
4. Background in hotel finance or revenue management a plus.
5. Experience in hotel operations, budgeting/forecasting, capital planning/project oversight.
6. Demonstrated strong analytical and quantitative skills.
7. Demonstrate a solid understanding of revenue management and opening hotel/s’ strategies to optimize revenue streams and grow market share.
8. Ability to think and act strategically with experience analyzing leasing and investment decisions.
9. Strong negotiation, analytical and interpersonal skills are essential. Ability to work independently.
10. Strong verbal and written communication skills.
11. Comprehend all aspects of financial modeling and underwriting logistics of hospitality-related real estate investments.
12. Detail-oriented and well-organized.
13. Ability to work within formal reporting relationships.
14. Hands-on, can-do attitude, and flexibility to adjust priorities in response to rapidly changing circumstances/deadlines.
15. Exemplary work ethic and interest in working in an entrepreneurial environment setting with a strong team culture.

Estimated total compensation for this position: 155,000.00 – 175,000.00 USD per year.

The total compensation range is an estimate and not guaranteed. An employment offer is based on an applicant's education, experience, skills, abilities, geographic location, internal equity, and alignment with market data.

Location: On-site – New York, NY

If this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table!

Personalized benefits that support personal well-being and growth:

• 401(k) plan with matching company contributions
• Comprehensive Medical, Dental & Vision Care
• Paid parental leave at 100% of salary
• Paid Time Off and Company Holidays