Vice President, Hotels Asset Management

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Vice President of Asset Management

JLL is seeking a Vice President to join our Americas Asset Management practice to be responsible for providing asset management for a portfolio of hotel investments on behalf of JLL’s clients, including both individual hotels and portfolio level oversight and reporting. The VP Asset Manager position will report to an EVP of Asset Management.

Location:Remote locations are available for qualified candidates.

Responsibilities:
•    Actively asset-manage and be responsible for a portfolio of full service, select service, and luxury hotels.
•    Review, proactively manage and opine on annual operating and capital plans, and operating performance.
•    Administer all aspects of real estate ownership and lease structure (as applicable).
•    Effectively interact with hotels’ teams during weekly and monthly conference calls and meetings to review operating performance.
•    Benchmark and analyze hotel- and portfolio-level financial data to identify areas of opportunity.
•    Review, comprehend, and negotiate key legal documents including loan agreements, management agreements, franchise agreements, service contracts, leases, ground leases, purchase and sale agreements, etc.
•    Perform annual asset valuations disclosing methodology, inputs, etc.
•    Prepare annual hold/sell analysis for review by ownership groups.
•    Monitor and track capital expenditures (routine capital expenditure and major renovations).
•    Execute on all aspects of writing, research and/or production of client-specific monthly, quarterly, and year-end reports, meeting minutes, and research papers by assigned deadlines.
•    Maintain current knowledge of key hotel and tourism trends, sales, indicators, supply and demand dynamics, performance statistics and related topics through various industry-standard tools.
•    Additional asset management tasks, as required, to maximize the value and investment return of each hotel for our clients.
•    Performs all job duties and responsibilities in an honest and ethical manner and in compliance with all laws, regulations, and Company policies.
•    Serves at the direction of the EVP of Asset Management.

Business Development:
•    Work collaboratively with senior members of the team to deliver and implement the growth strategy for the global asset management platform.
•    Plan and execute awareness strategies working with the JLL Hotels & Hospitality marketing. 
•    Lead proactive and reactive sales efforts utilizing CRM, personal networks, RFP services, external and internal leads.                                       

Qualifications:
•    6+ years hospitality-industry specific work experience in operations and hotel real estate asset management.
•    BA/BS degree in Business Finance, Hospitality and/or Real Estate Finance.
•    Fluency in both English and Spanish is highly desirable.
•    Background in hotel finance or revenue management a plus.
•    Experience in hotel operations, budgeting/forecasting, capital planning/project oversight.
•    Demonstrated strong analytical and quantitative skills.
•    Demonstrate a solid understanding of revenue management and opening hotel/s’ strategies to optimize revenue streams and grow market share.
•    Ability to think and act strategically with experience analyzing leasing and investment decisions.
•    Strong negotiation, analytical and interpersonal skills are essential. Ability to work independently.
•    Strong verbal and written communication skills.
•    Comprehend all aspects of financial modeling and underwriting logistics of hospitality-related real estate investments.
•    Detail-oriented and well-organized.
•    Ability to work within formal reporting relationships.
•    Hands-on, can-do attitude, and flexibility to adjust priorities in response to rapidly changing circumstances/deadlines.
•    Exemplary work ethic and interest in working in an entrepreneurial environment setting with a strong team culture.

Estimated total compensation for this position:

155,000.00 – 175,000.00 USD per year

The total compensation range is an estimate and not guaranteed. An employment offer is based on an applicant's education, experience, skills, abilities, geographic location, internal equity and alignment with market data.

Location:

On-site –Dallas, TX, Miami, FL, New York, NY, Tampa, FL

Job Tags:

CMG

If this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements.  We’re interested in getting to know you and what you bring to the table!

Personalized benefits that support personal well-being and growth:

JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:

• 401(k) plan with matching company contributions

• Comprehensive Medical, Dental & Vision Care

• Paid parental leave at 100% of salary 

• Paid Time Off and Company Holidays

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.

For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.

For additional details please see our career site pages for each country.

For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here.

This position may require you to be fully vaccinated against COVID-19. If required, you’ll be asked to provide proof that you’re fully vaccinated upon your start date. You’re considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination. 

Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities.  If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process –  you may contact us at Accommodation Requests.This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.

Pursuant to the Arizona Civil Rights Act, criminal convictions are not an absolute bar to employment.

Pursuant to Illinois Law, applicants are not obligated to disclose sealed or expunged records of conviction or arrest.

Pursuant to Columbia, SC ordinance, this position is subject to a background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be considered and will not automatically disqualify the candidate.

California Residents only

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Pursuant to the Los Angeles Fair Chance Initiative for Hiring Ordinance, JLL will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Accepting applications on an ongoing basis until candidate identified.

Summary

• Location: Dallas, TX; New York, NY; Tampa, FL; Miami, FL
• Type: Full time