*Hotel asset management experience is required.
*Japanese language skills are highly preferred.
Title Hotel Asset Manager
Location: New York NY ONSITE
Salary: $100-130K (TBD)
*Visa support is considerable for qualified candidates.
Job Summary
As a Hotel Asset Manager, you will support the day-to-day management of our hotel real estate portfolio and contribute to the success of our New York office. Acting as the owner’s representative, you will work closely with internal teams and external partners—including hotel operators, leasing agents, tenants, and design & construction teams—to optimize financial performance, operational efficiency, and asset strategy across existing properties and new developments. In a lean team environment, you will also support general office operations and help foster a proactive, collaborative workplace.
Key Responsibilities (Summary)
- Monitor hotel performance: Analyze occupancy, ADR, RevPAR, STR, HOTSTATS, on-the-book and daily reports, staffing (FTE), revenues, operating expenses, capex, and other operational metrics.
- Operator communication & data collection: Maintain regular contact with the hotel operator/GM to obtain performance data, operational insights, and market intelligence.
- Performance reviews: Lead biweekly operator meetings, identify budget variances, and drive owner-led improvement strategies.
- Operational oversight: Track brand compliance, guest satisfaction, and efficiency indicators.
- Financial reporting & budgeting: Prepare monthly/annual reports (P&L, variance analysis, performance summaries) and support business plan/budget development and monitoring.
- Cash flow & distributions: Support ownership distribution decisions based on operating account balances and profit projections.
- Capital planning (CAPEX/FFE): Develop and manage capital plans with the operator; monitor FFE spend and classification; assess owner-funded building improvements and long-term investment timing/funding.
- Market/competitor research: Conduct market trend and benchmarking analysis to support strategy and decision-making.
- Lease administration & tenant analysis: Track expirations, renewals, escalations; analyze rent proposals; summarize key lease terms in a matrix.
- Tenant relations: Coordinate with the operator to resolve tenant issues and support retention.
- Inspections & risk management: Support site inspections/audits, identify physical/operational risks early, and minimize exposure.
- Records & documentation: Maintain accurate property, financial, invoice, and payment records; ensure deliverables are complete and reviewed.
- Project coordination: Support renovations/capital projects to ensure on-time, on-budget execution aligned with owner requirements.
- Stakeholder collaboration: Work across internal/external teams to resolve issues and maintain strong relationships.
- Strategic ownership meetings: Co-lead semiannual policy meetings with the operator to present strategy, share benchmarking, facilitate improvement initiatives, and strengthen owner-operator alignment.
- Owner representation & VIP support: Maintain collaborative relationships and assist with internal/external VIP visits and stays as needed.
Qualifications:
· Education: Bachelor’s degree in Real Estate, Finance, Business Administration, Economics, or a related field. Major or minor degree in Hotel Real Estate or Hospitality Management is desirable.
· Experience:
o Prior experience in the real estate industry desired, but not required. General interest and growth in the Construction and Real Estate Industry is fundamental.
o Internships or coursework related to real estate, finance, or property management is a plus.
To apply please email your resume to myamamoto@pasona.com