Vice President, Hospitality Asset Management

The Vice President of Hospitality Asset Management will be responsible for a portfolio of hotels owned by Lowe with the purpose of creating asset value through the execution of an investment strategy on a short, intermediate, and long-term basis. The Vice President of Hospitality Asset Management will report to the Vice President overseeing Lowe’s hospitality asset management and will interact directly with the co-CEO’s and other senior team members in the management of each investment.  

• Work in partnership with Lowe’s executive leadership and investment team to develop strategic plans for each hotel.
• Demonstrate the ability to act as an owner on a daily basis to achieve the goals of each investment.
• Develop strong working relationships with executive leadership at each property and work closely with them to:
  • Identify and execute value enhancement opportunities
  • Develop sales and revenue management strategies
  • Realize operating efficiencies and assist with hiring/staffing decisions
  • Identify potential risks and lead efforts to mitigate such risks

• Regularly review, analyze, and benchmark each hotel’s key KPIs, financials, and market data to assess performance and adjust short- and long-term strategies to optimize results.
• Research and analyze industry trends, market dynamics, demographics, and supply/demand drivers to assess their impact on the portfolio and identify opportunities to improve performance.
• Analyze hold vs. sell scenarios and present well-supported recommendations to guide investment decisions
• Review and manage monthly, quarterly, and annual operating budgets, capital budgets and marketing plans.
• Proactively manage and strengthen relationships across JV partners, operators, brands, and other deal constituents.
• Develop and provide oversight of capital improvement projects to ensure projects are completed on time and within budget, limiting operational disruption, and providing attractive returns on investment.
• Complete regular property visits to proactively manage and facilitate strategy execution.
• Review, understand and ensure compliance of management/franchise agreements and loan documents.
• Work closely with the capital markets team to originate and refinance property financing.
• Assist executive leadership and the investment team with developing and implementing overall hospitality investment strategy, as well as efforts to close acquisitions and transition assets.

• 10+ years of hotel asset management experience; experience working for the asset owner is a plus.
• Comprehensive knowledge of hotel operations and P&L’s/financial statements.
• Strong analytical and financial analysis skills; competency in using MS office with advanced excel skills.
• Strong organizational, problem solving, and written/oral communication skills combined with attention to detail.
• Strong presentation skills with ability to communicate with ownership groups.
• Team player that is self-motivated, ambitious, and able to multi-task and meet deadlines.
• Experience with major brands such as Marriott, Hilton, Starwood and Hyatt.

Compensation: $210,000 - 230,000 annually, plus eligibility for annual bonus. We offer a competitive benefits package for full-time, regular team members, which includes group medical, dental, vision, life, and disability benefits, as well as critical illness and accident insurance. Additionally, we offer participation in pre-tax flexible benefits plans that include healthcare and dependent care reimbursement, as well as an employee assistance program. We also offer paid vacation, paid sick time, paid holidays, and are proud to provide participation in a 401(k) plan with a company match.