Vice President of Asset Management

Schulte Hospitality Group is seeking an energetic, experienced, and hands on Vice President of Asset Management to join our team and lead several aspects of asset management for a fast-growing hotel portfolio.

Schulte Hospitality Group is an organization whose success is rooted in its service culture. Our mission is to exude hospitality, be respectful and authentic, prioritize the needs of our internal and external stakeholders above our own, and continuously strive to make a positive impact in all we do. We are passionate hoteliers, eager to add like-minded people to our rapidly growing team!

What’s in it for you? When you join Schulte Hospitality Group, you’ll be part of a team committed to an inclusive, employee-focused workplace that is invested in your development. We want you to feel engaged, empowered, and excited to grow with us. After all, we believe our greatest and most valuable asset is our people! SHG provides a rewarding, fun and flexible work environment, exciting perks, a robust benefit package and an atmosphere designed to encourage and promote career growth within the company.

Our Company: SHG is a division of Schulte Companies, a leading third-party management company with deep, multi-generational experience in all facets of the hospitality industry. We are a diverse team of innovative hoteliers and restauranteurs operating more than 200 locations across 38 states and 3 countries. Our portfolio includes a wide array of reputable brands like Marriott, Hilton, IHG and Hyatt as well as many unique, independent, boutique and lifestyle properties and restaurants.

JOB DUTIES AND RESPONSIBILITIES

• Serve as the single point of contact for respective capital partner, for any and all data or analysis needs for their portfolio. Collaborate with the various operating disciplines to collect, present and respond to their inquiries.
• Proactively asset-manage a portfolio of select service, full service, and luxury hotels to maximize value and optimize systems and resources.
• Engage with hotels and property management teams during regular strategy and performance meetings, working collaboratively and actively participating in the formulation and execution of revenue and operating strategies.
• Manage and influence annual operating and capital plans.
• Stay at the forefront of hotel, market, sales, travel trends, indicators, supply and demand dynamics, performance statistics and related topics through various industry-standard tools.
• Analyze hotel and portfolio level financial data against industry and market benchmarks to uncover gaps and opportunities.
• Monitor and track capital expenditures (routine capital expenditures and major renovations) at each hotel.
• Execute on all aspects of writing, research and/or production of specific monthly, quarterly, and year-end reports, meeting minutes, research papers, and annual asset. valuations, and hold/sell analyses – always adhering to predetermined deadlines
• Additional asset management tasks, as required, to maximize the value and investment return of each hotel and portfolio.
• Perform all job duties and responsibilities in an honest and ethical manner and in compliance with all laws, regulations, and Company policies.

EDUCATION AND EXPERIENCE

• BA/BS degree required, but advanced degree preferred, ideally in Business, Finance, Real Estate or Urban Planning
• Hospitality experience in ownership, advisory, operations, property management, or asset management
• 1-2 years of top-tier management consulting or investment banking experience preferred, or 3-5 years of financial reporting and analysis experience

KNOWLEDGE, SKILLS AND ABILITIES

• Superior analytical skills in all aspects of financial modeling
• Demonstrated expertise in hotel revenue and operating strategies
• A team player who thrives in an entrepreneurial environment and has a positive attitude and flexibility to change priorities to meet new deadlines or situations
• Self-motivated, proactive, and thrives working independently
• Effective negotiator and skilled at establishing effective business relationships
• Comfortable navigating and analyzing transaction legal documents, financial projections, and financial reports
• Strong interpersonal skills for establishing and maintaining effective professional working relationships

Schulte Hospitality Group offers a robust selection of perks/benefits that include, but aren’t limited to: Paid Time Off, Unlimited Referral Bonuses, Growth and Career Opportunities, Hotel Discounts, 401K, Health/Dental/Vision Insurance, Short-Term/Long-Term Disability, Flexible Spending Accounts, Health Savings Account, Pet Insurance, Dependent Tuition Benefits, EAP Program, DailyPay, Marketplace Discounts at various retailers such as Disney, Apple, AT&T, Verizon and more, and a flexible and fun working environment!

*Schulte Hospitality Group is an Equal Opportunity Employer.