"Alerted.org

Location

Atlanta - 1180 Peachtree St. NE, Suite 1575

Job Description

Bro okf ield i s seek i ng a s e nior r e a l e stat e p rof e s si ona l t o ta ke a le ad ing r ole in the a sset mana gem e nt of a ho s pi ta li t y po rtf olio an d al so s upport as sets Bro ok f ie l d is in t he p ro ce s s o f a c q ui r ing. T he s uc c e s s fu l c and i dat e wi l l b e a discerning r e a l e stat e p r o fe ss i o na l w i t h s tr o n g dr i v e a nd pas si o n f or h o s pi ta li t y rea l e state . T he i d e a l cand i dat e s h o u ld h av e d eep expe r i e nce in i n s t i t ution a l a s s et m ana gem e nt, d e v elo p me nt /r e - d e v elo p me nt , an d s trat eg i c as set p la nni n g. Th e i dea l c and i dat e wi l l work as a key me mb er of th e t e a m t o m a xim i ze p r oper t y va l uati o n , op t imize a s s et pe rf o r m an ce, en s ure or ga n i z at i o n a l e ff ecti v e n e ss , imp l e m ent high o p er at io na l s tandard s, an d m a in ta in s tr o n g o p er at or r elati o n s .

T his p o s i t i o n wi l l remotely-ba s e d, ideally near a major international airport , and t his pe rs on wi l l r eport t o the S en i or V ice Pr e s i d e n t r e s po n si b le f or p or tf olio m ana ge m ent a ct iv i t ies f or h o spi ta li t y p r oper t i e s i n N or t h A meri ca . T he tea m h a s a Chicago- bas ed ana l y st p o o l an d ded i cat ed r e s o ur ces wi t h str o n g t ec h n i c a l ba ckg r o un ds in specific disciplines within the ho spi ta li t y industry.

Responsibilities

Asset Management

+ P er f orm a s s et m a n a g em ent a ct iv i t ies, i ncl ud ing development o f ca pex, bra n d ing, operat io n a l, m ana ge m ent a nd r e p o s i ti o n ing st rat egies an d ad h er en c e to t he d etail e d bu s i ne s s p la n

+ A ct a s t he ow n er r ep r e se ntati v e in inte ra ct i o n s wi t h hotel bran d an d m a n ag eme n t t e a ms t o e n sure owner st rat egies ar e eff e ct i v ely i mplement e d

+ Pr o a ct iv ely eng ag e wi t h h ot el t e a ms t o cr eat e a nd i m p l eme n t ope rat ing m od e l s t h a t m a x i mize r e v e n ue a nd p r o f i tab il it y

+ Pr epare an d p r e se nt wee k l y , mo nt hl y , quart erl y , an d a n n u a l a s s et m ana g e me n t a nd po rtf olio r epor ts , c as h fl ow f ore ca s t s, an d d ist r i b ution ana l ys es

+ R e v ise s trat egi e s a nd t he a cc o mp a nying bu sin e ss p la n t o addr e s s c h a n g es in m ar ket a n d / o r p r oper t y c ond i t ions a s well a s a ny a me nde d in ve s t m e nt st rat egies

+ Perform detailed review of weekly forecasts and pace reports, monthly financial statements, STR reports, brand audits, guest surveys and revenue management strategies to identify weaknesses and inefficiencies as well as revenue enhancement opportunities.

+ Pr ov id e r e c om m e nde d so l utions t o a ny ope rat io na l i ss u es t h a t c o uld im pa ct th e fi n an ci a l pe rf orm a nce of a n a s s et

+ Le a d weekly r e ve nue c a l l s wi t h hotel t e am s a nd i de ntify a n d i mplem e nt act io ns t o ga in mar ket s h ar e

+ Con d u c t r egu la r exp e n s e r e v iews t o en s ure tha t t he a sse t s ar e m e et i ng or exc e e d ing ope rat ing targets, mar gi n s an d f l e x / f l o w met r i c s

+ Con d uct M o nt hly Ope rat i n g R e v iews wi t h h otel an d r egion a l operat i o n s t e a ms t o r e v iew a ll area s o f t he ope rat ion; en s ure tha t t he a sset i s o n t ra ck t o m eet or ex c e e d b u si ne s s p la n

+ R e v iew an d a n a l yz e e a ch a s s et’s a n n u a l bu sin e ss p la n, sa l e s a nd m ar ke t ing p la n, a nd an n ua l b u dg e t ; eng a ge wi t h h otel t e am s t o di sc u ss r i s ks an d oppo rt unities r e lat ed t o the an n ua l p lan an d bud get

+ Tra ck mar ket a ct iv i t y t o r em a in cur re nt on tr en d s an d e v ents aff ecting t he h o s pi ta li t y in d u str y, a s well a s l o c a l m ar ket d y na mi c s inclu di ng s upp l y a n d d e ma nd c ha ng e s a nd tr en d s

+ N egot iat e an d e n sure c omplia n ce wi t h t hi rd -pa rt y lea se s, fra nc hi se a g r eem e nts, ma n ag em e nt c o nt ra c t s p r oper t y imp rov eme n t p la n s , an d ot h er v en d or r e lat ed do cu me nts t h a t i mpact hotel operat i o n s

+ Pr epare an d u pdat e 5 - y e a r f ore ca s t s f or e a ch as set o n a q u art erly ba s i s t o dr i v e t he q u art erly va l uat ion p r o c e s s

+ E n s ure t h a t t he p hysi ca l i nt eg r i t y of t he a s s ets is ma intain e d a t a n i n s t i t ution a l q u a li t y le v el, v ia r obust engineerin g , an d p r e ve nti v e m a int e n a nce p r og ra ms

+ A ssist i n th e u n d erw r i t ing p r o c e s s f or n ew a cqu i si t i o n s , as se s s m ar ket ri sk an d o p p or t uniti e s, c o nd uct b en ch m ar king a n a l ys e s , id ent if y a nd i n c or po rat e a sset-le v el va l u e ad d op p or t unities into t he p r o f or m a u nd erw r i t ing

+ A n a l y ze an d r e p ort on a s s et le v el pe rf or ma nce c omp a r ed t o i ndu s tr y b en c h mar ks an d c om pa ny key pe rf or ma n c e i nd ic at ors as d ete r m i ned t h r o ug h t he u n d erw r i t ing a nd b u s i n e s s p la n.

Portfolio Management

+ Coor d i nat e wi t h tr e a sury a nd a c c o u nting t e am s t o a s s e s s weekly p r o p erty c a sh f low ne ed s, ca pi ta l r equi r eme nt s, a nd p ro pe rty -le v el d ist r i b utio n s

+ Coor d i nat e wi t h inte rna l t e am s an d le nd e r s on r ep ort ing, lo a n a g re em e nt c om p l ia n ce, d e b t c ove n a nt tra cking, dra w r eq u e st s a nd cas h mana ge m ent r e q ui r eme nt s.

Capex Management

+ Wo r k clo s ely wi t h th e int er n a l p r oje c t m ana g e me n t t e a m an d c o n s ul ta nts t o create ca pi ta l bud ge t s t h a t help m a ximize re ve n u e an d p rof i tab il it y, a n d en h an ce t h e long-term va lue of th e a sset

+ M o n i t or t he mana gem e nt a nd impl e me ntat ion o f ca pi ta l r en ovat ion p r oje ct s a nd operat i ng a ct iv i t ies, a nd work wi t h p r o j ect mana gem e nt t o e n sure t h a t ca pi ta l p r oje ct s ar e c omple t ed wi t h i n t he a pp r ov e d b u d get a nd ti meline

Qualifications

+ A t lea s t 10 years o f expe ri en c e mana ging h o spi ta li t y a sse t s, p r e f e rab ly in r e a l e stat e p r i vat e equi t y or r e a l es tat e a s s et m a n a g e me nt .

+ D eep expe r i e nce in i n st i t ution a l a sset ma n ag em e nt, an d s trat egic a s s et p la nni n g wi t h a dr i v e f or excelle n ce an d a pas sion f or t he h o s pi ta li t y s ector

+ Br o a d g e og ra ph i c a sset ma n ag em e nt a n d o p er at io na l expe rt i s e

+ Pr oven tra ck r e c ord o f b e i ng le a d on po rtf ol i o mana gement

+ F a mil ia r wi t h a cqu i si t ion s , t he u nd erw r i t ing p ro ce s s, an d o nboardi ng a sse t s p r e an d p o st - cl o sing

+ E xpe r ience ma n a g i ng t e a ms a s well a s c o ordi n at ing wi t h other d epa rt me nt s an d exter na l s ta k e ho ld ers

+ E xceptio na l a na l yt ic a l ski ll s an d o pe rat i o n a l a c u men t o ove r s e e an d ref ine ass e t -le v el a na l y s e s

+ Eff ecti v e p re sen tat ion ski ll s, incl ud ing s tr eng t h i n ve rba l a n d w r i tt en c om m uni cat ions

+ A n e ntr ep r en e ur ia l spi r i t , wi t h s tr o n g w ork eth i c an d high d eg r ee of se lf -moti vat ion

+ A p r o a ct iv e, f orw ard -look i ng app roa ch t o h o s pi ta li t y a s s et ma n ag em e nt

+ Ab il it y t o ada pt t o sh ift ing m ar ket d yn a mics an d d e v elop in n ovat iv e s olutio n s

+ A c ollabo rat i v e nat ur e , wi t h a wi l lin gn e s s t o b uild a nd s u stai n p r o d ucti v e wo r king r elatio n shi p s wi t h c o l l e ag ues a cr o ss var io u s t e a ms

+ Ab il it y t o in f lue n ce h otel bra n d s a nd opera t ors, a nd create c h a nge a t t he as s e t le v el

+ Pr o f icie n cy in ap p l ic ab le s o ft ware

+ Wi l lingne s s t o t rav el signi f ic a nt l y t o var io us as sets nat ion a l l y

+ Hotel operations experience a plus

+ U nd erg rad u at e d eg ree ; MB A or o th er r elat e d g raduat e d eg r ee a p lus

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

#BPUS

At Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 1100 properties and 400 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.