Senior Director of Asset Management

Noble is seeking a Senior Director of Asset Management to work with the asset management team and third-party managers to maximize the performance and value of our hotels and institutional real estate funds. The Senior Director of Asset Management will lead a portfolio of select-service and extended-stay hotels based in the continental United States. The role is approximately 40% travel.

The candidate will report to the Managing Principal and Head of Asset Management and work closely alongside a team of asset management professionals at the Noble headquarters in Atlanta, Georgia. 

Responsibilities

The Senior Director of Asset Management role will have primary responsibility for the following:

• Accountable for working with third-party management companies on all aspects of each hotel's performance.
• Performance tracking and ongoing review of all data and documents such as STR data, revenue management data, forecast, and financial statements.
• Perform monthly reviews with all hotels to discuss monthly data and the strategies to improve performance.
• Conduct regular visits to each property.
• Assess, develop, and implement value enhancement opportunities for each hotel.
• Evaluate the physical condition and anticipated capital requirements for each hotel.
• Maintain a thorough understanding of all factors affecting hotel markets and submarkets associated with the portfolio.
• Track occupancy and average rate trends for the sub-markets/competitive sets.
• Track new properties being considered for development.
• Monitor demand generators for significant increases/decreases.
• Ensure legal compliance (health codes, life safety, employment, ADA, etc.)
• Develop and implement short-term, intermediate, and long-term strategies to improve the value of the portfolio.
• Maximize NOI through annual budgeting and business planning, financial and strategy reviews, planning and executing of capital projects, and executing agreed-upon strategies.
• Provide performance reporting, including trip visits, internal communication and presentations, and external communication and follow up to management groups.
• Monitor property and portfolio financial performance from an operational perspective.
• Conduct monthly reviews with each property to discuss performance and strategies for improvement.
• Review, evaluate, and approve annually prepared business plans/budgets, including capital budgets, for each property. Provide any cost reduction and revenue enhancement guidance.
• Work with Noble's project development team to ensure that all capital projects are completed on time, and within budget, and evaluate all ROI projects.
• Provide support in underwriting and due diligence of new acquisition opportunities.

Qualifications

The desired candidate should have 7 years of experience in Hospitality Asset Management and/or related operation or finance. A track record of success, integrity, and academic achievement, supported by the strong recommendation of industry peers, is required. Other qualifications required are:

• Undergraduate degree with a preferred course curriculum focus in finance, business, or hospitality.
• Proven experience in operations, finance, accounting, budgeting, market monitoring, and monthly reporting.
• Well organized, detail-oriented, flexible, confident, analytical, technical, and resourceful
• Strong written and oral communication skills.
• Effective interpersonal skills and ability to interact with diverse personality types.
• Ability to work well under pressure with compressed project time frames.
• Proactive, hardworking, dedicated, and a self-starter.
• Willingness and capacity to travel.