What are the responsibilities and job description for the Director - Asset Manager position at Rockbridge?
Position Overview:
The Director of Asset Management will be based in Columbus, OH and oversee a group of both complex, full-service assets and select-service hotels representing the ownership group and working with third-party management partners to maximize each asset's full potential in the areas of revenue generation, net operating income, employee engagement, guest satisfaction, capital investment/planning and asset preservation. Maturity, strong financial acumen, superior communication and listening skills as well as knowledge of hotel operations are critical.
Key Responsibilities:
The Director of Asset Management will be based in Columbus, OH and oversee a group of both complex, full-service assets and select-service hotels representing the ownership group and working with third-party management partners to maximize each asset's full potential in the areas of revenue generation, net operating income, employee engagement, guest satisfaction, capital investment/planning and asset preservation. Maturity, strong financial acumen, superior communication and listening skills as well as knowledge of hotel operations are critical.
Key Responsibilities:
- Demonstrate the ability to act as an owner on a daily basis to achieve the goals of each investment.
- Lead and execute the investment strategy and take ownership of how to best execute that strategy.
- Deepen the relationships with Rockbridge’s operating partners on each asset.
- Proactively strengthen relationships across brands, capital partners and other deal constituents.
- Thorough understanding of all factors affecting markets and submarkets and the impact on the portfolio including a strong understanding of demand generators, revenue management, sales process and yield strategies to maximize top-line performance.
- Drive operating partners and hold them accountable in efforts to maximize profitability.
- Identify and execute value enhancement opportunities.
- Identify risks to the portfolio and lead efforts to mitigate such risks.
- Develop and lead capital improvement projects that provide attractive returns on investment.
- Regular property visits to proactively manage and facilitate strategy execution.
Job Requirements:
- Minimum of eight to ten years of broad experience in hotel real estate, and a minimum of a four-year degree in hotel management, or other finance related degree.
- Expertise in hotel operations, marketing, revenue maximization, strategic planning, budgeting, forecasting, and effective staff leadership and motivation are critical skills.
- A deep understanding of property-level cost issues is essential.
- Strong working knowledge and experience with complicated capital improvement project management, including Product Improvement Plan implementation. Strong command of rebranding strategies and value-add initiatives is considered a major plus. Experience in a multi-unit/regional operations management role would be a plus.
The desired candidate must be results oriented and hold the team and his/her self-accountable. The successful candidate will have strong business acumen and superior analytical skills. Experience analyzing market data and macro & micro economic trends is preferred. The candidate will have a reputation of exemplifying the highest standards of integrity, honesty and discretion. The individual should be highly confident of their abilities and be considered a detail-oriented person who can tackle numerous projects simultaneously. S/he must be a self-motivated, well-organized, and results-driven professional who leads by example. The candidate must possess excellent interpersonal and communication skills both internally as well with external constituents. S/he must be a creative problem solver and an implementer of ideas. Strong working knowledge of excel and other financial modeling techniques is a must.