Sr Director, Asset Management

Park Hotels & Resorts invests not only in properties, but also in people. We attract visionary and collaborative team members who love being value creators. Full of pride and possibility, our team is experienced, supportive, and best in class. Take your career further by joining a place that’s powered by people. Enjoy a level of loyalty and comfort that inspires career fearlessness and fosters creative freedom. At Park, you’ll find career opportunities as impressive as the world-class properties in which we invest. We look forward to receiving your application today.

The Sr Director, Asset Management will oversee a group of hotels representing Park Hotels & Resorts and will work with external providers, particularly brand and third-party management partners, to maximize each asset’s full potential in the areas of revenue generation, gross operating profit, employee engagement, guest satisfaction, capital investment/planning and asset preservation. In addition to the assigned hotels, the Director of Asset Management will also work collaboratively with other asset managers and Park team members on portfolio-wide projects and initiatives. 

What will I be doing?

• Analyze and monitor financial performance of each property in the designated portfolio from an operational and capital perspective to identify asset value enhancement opportunities

• Maintain a thorough understanding of all factors affecting markets and submarkets within assigned portfolio including local market knowledge and business demographics, as well as supply and demand changes and trends

• Develop ownership and investment strategy for assigned hotels including identifying asset redevelopment, highest and best use, and repositioning opportunities designed to optimize value

• Establish operating profit expectations, monitor performance, and work directly with the on-site property teams to maximize and improve operating fundamentals

• Meet with hotel executive teams to review monthly & quarterly operating performance; review, evaluate and approve annually prepared business plans/budgets, including capital budgets and longer-term strategic plans to provide cost reduction and revenue enhancement guidance

• Prepare investment summaries and make recommendations for major hotel expenditures or return on investment (ROI) projects

• Work with the Design and Construction and Investment teams regarding capital improvement, repositioning opportunities, and the strategic plan for the designated portfolio

• Proactive oversight of the execution of the capital plans throughout the year, and monitoring of the capital expenditures for each hotel to include both major renovations, ROIs, and routine capital expenditures

• Establish and maintain effective working relationships with internal and external constituencies such as property-level managers, management company representatives, and senior leadership to maximize returns

• Supervise contract compliance with respect to existing management & franchise agreements and work with General Counsel for future agreements

• Review all proposed property-related contracts for business content as well as potential conflicts with existing obligations

What qualifications do I need?

• Bachelors degree

• Seven years of relevant experience in the hotel or hospitality real estate industries

• Five years of experience directing, coaching and evaluating management teams

• Ability to travel up to 75% of the time

• Established financial and analytical acumen regarding hotel operations and investments analysis

• Exceptional communication skills

What capabilities would it be advantageous to have?

• Seven years of experience in hotel asset management, hotel operations or hospitality real estate operations

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, ethnicity, citizenship, disability, protected veteran status or any other category protected by federal, state or local law.

Tysons,Virginia