Director of Asset Management

White Lodging Services Inc
US - Indiana - Merrillville
November 4, 2024

Summary:
Named for our Founder, Bruce White, White Lodging is a family-owned, multi-brand, multi-segment developer, owner and operator of premium brand, market-leading hotels, scratch-made restaurants, and award-winning rooftops in high-growth urban markets. We are one of the country's largest privately held hospitality companies focused exclusively on this segment.

Responsibilities:
Participate in annual capital and operating budgeting process. Utilize existing relationships to benchmark and ensure best-in-class performance and targets consistent with long-term strategic objectives.
Update 5-year pro formas quarterly based on latest performance/market data and conduct corresponding sell/hold analysis.
Maintain long-range capital expenditure models for each property in conjunction with VP of Facilities and Maintenance. Identify future reserve shortfalls and develop a mitigation plan.
Develop and execute renovation plans to minimize capital investment and maximize long-term value. Coordinate with project management team to ensure timely execution that is within budget.
Coordinate with property tax consultant to monitor property tax assessments and manage tax appeal processes.
Manage and coordinate the due diligence process for property acquisitions and dispositions. Participate in negotiating key business terms.
Support leadership with preparation for tri-annual Development Committee meeting and Board of Directors meeting.

What You'll Bring:
We are seeking an individual that can execute and has a foundation built in asset management, specifically hotel real estate.
Solid interpersonal and communication skills to effectively liaise and coordinate efforts across various teams and stakeholders.
Bachelor's degree in Hospitality, Finance, Real Estate, Business Administration, or related field. MBA preferred.
Minimum of 7 years of progressive experience in asset management within the hospitality industry.
Self-motivated, highly collaborative, and the ability to build strong relationships at all levels.
Strong understanding of hotel operations, market dynamics, and industry trends.
Established network of industry contacts to leverage for benchmarking and market analytics.
Excellent communication skills with the ability to collaborate effectively across departments and with external stakeholders.
Leadership experience with a demonstrated ability to mentor and develop a high-performing team.
Advanced proficiency in Excel.
Sensitivity to and respect for the confidential nature of the job and departmental responsibilities.

Other Information:
Salary range between $120,000 - $168,000 with a base bonus of 15%.
Affordable Day 1 Medical, Dental and Vision Insurance - PPO Plan
Paid Parental Leave and Short-Term Disability
Free mental health care offerings
Unlimited Referral Bonuses
Vacation/Paid Time Off (PTO) with rollover
Tuition Reimbursement
401(k) with company match

White Lodging is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all associates.
Location Code: A75
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Read the full job description and apply online on the recuiter's web-site

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