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5DAA15758353993F
ihr Hotels and Resorts logo

Interstate Hotels & Resorts is the leading global hotel management company. Hotel owners, developers and guests discover the Interstate difference in our 425 hotels, resorts and conference centers with nearly 75,000 rooms located throughout the U.S. and around the globe.

Our rich history spanning 55 years of innovation, consistency and success is unmatched in the hospitality industry, making Interstate the preferred hotel management company of major global brands. It also allows our associates to consistently deliver results for real estate investors, ownership groups, publicly-traded REITs, privately held companies, and private equity funds today and in the bright future to come.

Position Info
Location: US - CA - Newport Beach
Position: Vice President Asset Management - Newport Beach, CA
Salary:   
Management Position: Yes
Bonus Plan: Yes
Contact Type: Employer
Industry Categories: Hotel/Resort
Position Categories: Corporate Office / Executive
Work Permit Needed: Applicants who do not already have legal permission to work in the United States will not be considered.

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Interstate Hotels & Resorts
Vice President Asset Management - Newport Beach, CA

Position Description

Applicants are required to be fluent in both English and Mandarin (speaking, reading and writing) and have extensive operations and asset management experience with Asian hotel ownership

entities.

You enjoy interacting with hotel owners, providing advice and guidance and sharing your hotel knowledge and expertise. You get a rush from helping hotels to reach their full potential. You are motivated by transforming hotels into high performing, guest service focused, profit making machines! Each day promises to be busy and you love a challenge. We sure can use your enthusiasm and abilities as a Vice President of Asset Management for Interstate Hotels and Resorts.

In this position, you will act as the main relationship contact with hotel owners helping to bridge the interests of the owner and of Interstate. You will optimize asset values for owners by establishing operating profit expectations, monitoring performance and working directly with the regional operations teams to maximize customer (guests, associates, corporate and owners) satisfaction and quality service while meeting/exceeding financial goals. You will provide information, act as liaison between operating teams and hotel brands, and provide active asset management to maximize property values and return on investment for owners.

As Vice President of Asset Management, essential functions include:


  • Actively asset manage a portfolio of 20+ select-service and full-service hotels by regularly interacting with owners and regional operating teams including performing regular ROI analysis and performance data analysis to identify and recommend any opportunities for improvement. Maintain a 90%+ owner retention rate.

  • Proactively manage owner relationship and ensure that good communication is maintained between the owner, operating teams, General Manager and Interstate.

  • Review, benchmark and analyze hotel- and portfolio-level financial data and keep informed of the dynamics of each market area to develop a strong understanding of the hotels and their respective markets.

  • Effectively interact with in-house departments including but not limited to investments/acquisitions, accounting, and legal to ensure a consistent understanding of the performance and any potential issues of the hotels.

  • Drive capital improvement process including management of Property Improvement Plans (PIP) and any other renovation or development projects in the hotel portfolio.

  • Act as a brand liaison for hotel owners, helping to ensure owners interests are met while maintaining good relations with hotel brands.

Fundamentals


  • A minimum of 10 years in a hotel general manager and multi-unit/regional operations management role is required.

  • Minimum of a four-year degree in hotel management, or other related degree.

  • Expertise in hotel operations, marketing, revenue maximization, strategic planning, budgeting, forecasting, and effective staff leadership and motivation are critical skills.

  • Strong working knowledge and experience with complicated capital improvement project management, to include: product improvement, plan implementation, rebranding strategies and value-add initiatives is considered a major plus.

  • The individual will be team oriented with a strong leadership background and must have managed a team with diverse skill sets and levels.

  • Must be able to multi-task and manage multiple projects and priorities.

  • The candidate should be highly skilled in financial analytics and able to run detailed financial models.

  • Must be a team player with excellent interpersonal and communication skills up and down the organizational chart.

  • The individual will have extensive experience working with Asian Hotel ownership entities.

  • Must be fluent in English and Mandarin - speaking, reading and writing.



 
Location Information

Requirements
 

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