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Executive Vice President, Hotel Asset Management

Company: CBRE
Location: New York
Posted on: May 1, 2025

Job Description:

Executive Vice President, Hotel Asset Management

Job ID

217657

Posted

28-Apr-2025

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Capital Markets, Consulting

Location(s)

New York - New York - United States of America, New York City - New York - United States of America

About The Role:

As a CBRE Executive Vice President - Hotel Asset Management, you will achieve strategic goals and results for a client or set of clients. These clients will be within select service, boutique, full-service hotels, and lodging assets and portfolios with various locations. The geographic area may be local, regional, national, and/or global markets. This position requires monthly/quarterly travel to location for on-site meetings and property inspections.

This job is under the Global Hotel Asset Management practice, within the CBRE Hotels, Capital Markets vertical. This practice offers third-party asset management services and coordinates individual assets or a portfolio of hotels with the purpose of optimizing performance and enhancing the value of the real estate for our clients.

What You'll Do:


  • Lead the asset management of a hospitality portfolio and identify value enhancement opportunities on behalf of clients/ownership groups.
  • Gain an understanding of the clients' investment goals and objectives for their assets/portfolio and lead the performance of the assets/portfolio to ensure they are on track with the investors' strategic plan and KPI's (Key Performance Indicators).
  • Perform hotel revenue management, cost, and accounting/financial analyses, and use industry benchmarks to analyze hotel operations, performance improvement plans, sales and marketing plans to develop strategic roadmaps to improve performance.
  • Lead monthly/quarterly/annual operating performance reviews and interact with department heads and other operator/brand executives.
  • Apply extensive and diversified knowledge of hospitality markets, supply and demand fundamentals, and key performance drivers to anticipate changes that may impact the portfolio's performance.
  • Lead all aspects of the implementation of preventive maintenance initiatives and ensure the effective deployment of capital expenditures and renovations of the portfolio.
  • Develop and maintain financial analyses by department rooms, F&B, revenue management, etc.
  • Lead operator/brand selection processes and hotel management agreement conversations.
  • Write and deliver investment summaries, annual strategic plans, dashboards, monthly and/or quarterly performance reports, and ad-hoc analyses.
  • Prepare hold vs. sell analysis and provide well-supported recommendations.
  • Actively participate in the growth of the practice - sourcing new business, assisting leadership in developing pitch materials and business development strategies. Annual performance bonuses will be tied to new business goals and annual new revenue production.
  • Lead $2.0M+ in asset management revenue and a team of analysts/associates/VPs.
  • Proactively organize and update the practice's library of tools and resources.

    What You'll Need:

    To perform this job successfully, an individual will need to perform each duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
    • Master's Degree preferred with 15+ years of relevant experience - relevant hospitality experience is a must, hotel finance and/or revenue management experience preferred.
    • Demonstrate in-depth competency of hospitality ownership groups and ability to develop strong relationships with both internal and external industry contacts.
    • Ability to review, understand and question financing reports - P&L, balance sheet, cash flow statements, trial balance, aging reports, and other financial reports.
    • Strong level of math and data analysis skills.
    • Ability to prioritize and handle multiple projects/clients/tasks.
    • Excellent written and verbal communication skills.
    • High level of knowledge of Microsoft Office products. Examples include Word, Excel, PowerPoint, Outlook, etc.

      Why CBRE

      When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive. We are dynamic problem solvers and forward-thinking professionals who create significant impact. Our collaborative culture is built on our shared values - respect, integrity, service and excellence - and we value the diverse perspectives, backgrounds and skillsets of our people. At CBRE, you have the opportunity to realize your full potential.

      Our Values in Hiring

      At CBRE, we are committed to fostering a culture where everyone feels they belong. We value diverse perspectives and experiences, and we welcome all applications.

      Disclaimers

      Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

      CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Executive Vice President of Hotel Asset Management position is $220,000 annually and the maximum salary for the position is $260,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.

      Equal Employment Opportunity: CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

      Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

Keywords: CBRE, Jersey City , Executive Vice President, Hotel Asset Management, Hospitality & Tourism , New York, New Jersey

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