What are the responsibilities and job description for the Hotel Asset Manager, bilingual in Korean position at Cesna Recruitment?
Overview:
We are seeking a highly driven and experienced Hotel Asset Manager to oversee and enhance the performance of a diverse portfolio of hospitality and real estate assets. While the focus will be on hotel asset management, we are open to candidates with broader experience across asset classes—particularly in senior housing, mixed-use, or office—and a strong interest in leading cross-sector operational and investment strategies.
This position acts as the owner’s representative, aligning property-level operations with investment objectives, driving value creation, and providing strategic guidance across development, operations, capital planning, and disposition.
Key Responsibilities:
Strategic Leadership & Oversight
- Develop and execute strategic business plans for each asset to maximize long-term value and investment returns.
- Act as the owner’s primary representative in all matters related to hotel operations, development, renovation, and asset disposition.
- Provide market-level insights to guide positioning, brand relationships, and third-party operator performance.
- Evaluate and recommend hold/sell/refinance strategies based on underwriting, market conditions, and asset performance.
Asset Performance & Financial Management
- Lead daily, weekly, monthly and annual reviews of property financials, budgets, and forecast variances.
- Analyze and interpret financial statements, STR data, GSS results, and operating reports to identify underperformance and recommend corrective action.
- Develop and track KPIs related to GOP, NOI, RevPAR, flow-through, and return on investment.
- Conduct valuation modeling and scenario analysis to support acquisition, refinancing, and disposition decisions.
CapEx and Physical Asset Management
- Oversee capital expenditure planning, execution, and ROI tracking; ensure adherence to approved budgets.
- Conduct regular site inspections to assess physical conditions, property upkeep, and brand compliance.
- Collaborate with design and construction teams during PIP, renovation, or repositioning phases.
Operations & Brand Management
- Evaluate operator performance across key disciplines—sales, F&B, housekeeping, engineering—and hold accountable to brand standards and owner goals.
- Benchmark operational efficiency and guest service standards; review SOPs, staffing plans, and labor strategy.
- Serve as a liaison with brand and third-party operator representatives; negotiate brand affiliations or changes when necessary.
Revenue Strategy & Market Positioning
- Oversee sales, marketing, and revenue management practices to ensure optimal rate and occupancy mix.
- Provide strategic direction on pricing, distribution, positioning, and competitive benchmarking.
- Review sales team structure, group segmentation, and channel strategy to drive top-line growth.
Transactions, Investment, and Diversification
- Support or lead real estate transactions including acquisitions, joint ventures, and asset sales across various sectors, including hotel, senior housing, and office assets.
- Underwrite new investment opportunities, coordinate due diligence, and prepare investment committee presentations.
- Leverage understanding of valuation, market trends, and operator performance to guide cross-asset class growth.
Requirements
- Minimum 10 years of hotel asset management experience or other asset type management experience preferably senior housing properties
- Strong financial acumen with expertise in valuation, budgeting, and financial modeling.
- Experience with hotel transactions (purchase/sale), brand negotiations, and development oversight.
- Ability to independently lead projects, multi-task across priorities, and collaborate with both internal teams and external partners.
- Proficiency in Excel and financial presentation tools; ability to synthesize data into actionable insights.
- Exposure to or direct experience in other asset classes, such as senior housing, office, or mixed-use real estate is preferred.
- Bilingual (Korean/English) is required.
Benefits
- Competitive salary and performance-based bonus
- Medical, dental, and vision insurance
- 401(k) with company match
- Professional development and travel opportunities