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Vice President Capital Management

posted February 15, 2019

Interstate Hotels & Resorts
Arlington, VA
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721140 l

About This Job

PURPOSE:   Vice President Capital Management: Management of the Interstate Capital Expenditure Program FF&E and OS&E projects including: budgeting, financial reporting, information systems, project management, sourcing, electronic procurement applications and support staff including supervising the Director of Purchasing and an OS&E Manager. The position must have experience in managing multiple projects and a detailed knowledge of hotel renovation work from the planning through to completion. Reports to the SVP, Purchasing

ORGANIZATIONAL SCOPE. The position must has experience in managing the Capital expenditure program and multiple FF&E & OS&E projects. A detailed knowledge of procurement , project management installation of FF&E and OS&E for new construction and hotel renovations and conversions from planning through to completion

ESSENTIAL FUNCTIONS

  • Manage the Interstate Capital Expenditure Program including: budgeting, and the facilitating the procurement.
  • Prepare, monitor, and recommend for Owner’s approval a budget for the procurement and Installation of FF&E and OS&E new build and renovation work. Assist Owner’s identifying and retention of the Architect, Interior Designer and any other Consultants required for the Project.
  • Develop budgets for options and attend meetings with the Brand, as appropriate, to assist with PIP negotiation Prepare, monitor, and update a Project Schedule during the progress of the design
  • Consult with Owner to provide, communicate and interpret standards for all phases of design, including mechanical and electrical systems, life safety requirements and major mechanical and electrical components.
  • Assist in obtaining any existing specifications, equipment schedules, diagrams, and drawings for Telecommunications Systems, Hotel Systems, Audio/Visual Systems and any other hotel systems (including cable distribution and power and space requirements for all equipment) for incorporation into the Contract Documents.
  • Set up a weekly reporting system so that regular project updates are made available for discussion with Owner and Operations.
  • Working with Interstate’s Finance department setting up the CEP process for invoicing and payments to all relevant parties to the CEP.
  • As appropriate, attend on-site meetings to review the items mentioned in 1.10 above.
  • Hold regular meetings on-site or via phone or Webinars with the PM firm, to discuss progress, budget, schedule, change orders, hotel issues etc.
  • Communicate the progress of each CEP project to Interstate’s management and should develop a format to enable this review process to take place in a standard format.
  • Coordinate and obtain approvals and sign-offs of Franchisor, (where appropriate), for all aspects of the Project scope. On completion of the project prepare the final cost accounting of the CEP and report to Interstate.

Knowledge and Skills:

Education:

  • Bachelor's degree in finance, economics, or a related field and relevant experience are typically required for this position.
  • Industry certifications may be beneficial

Experience:    

  •      Min. 7 years of experience as a Project Management, Procurement FF&E and OS&E and related construction experience.

Skills and Abilities:

  • Moderate experience with Microsoft Excel, PowerPoint, and Access database, Microsoft Project  
  • Knowledge of electronic procurement systems
  • Organizational and time management skills.
  • Computer skills and the ability to prioritize work assignments under minimal direction.

No. of employees supervise  (5)  

Travel required:   5 to 10 days a month

Interstate Hotels & Resorts is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Click here and here to navigate to the “EEO is the Law” poster and supplement.

If you need accommodation for any part of the employment process because of a medical condition or disability, please call (703) 387-3830 or email ADA.Assistance@interstatehotels.com with the nature of your accommodation request and include the Hotel location and title of the job opening. Please allow one (1) business day for a reply.

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About This Employer

Interstate Hotels & Resorts

2011 Crystal Drive, Suite 1100
Arlington, VA 22202

Corporate Office

www.interstatehotels.com

Follow us:

Our Experience. Your Success.®

Interstate Hotels & Resorts is the leading global hotel management company. Hotel owners, developers and guests discover the Interstate difference in our 425 hotels, resorts and conference centers with nearly 75,000 rooms located throughout the U.S. and around the globe.

Our rich history spanning more than 55 years of innovation, consistency and success is unmatched in the hospitality industry, making Interstate the preferred hotel management company of major global brands. It also allows our associates to consistently deliver results for real estate investors, ownership groups, publicly-traded REITs, privately held companies, and private equity funds today and in the bright future to come.

Interstate, from startup to stardom

From relatively humble beginnings in 1960, Interstate Hotels & Resorts has evolved to become a leader in the hospitality industry. Once the owners of a single property in Erie, Pennsylvania, we’ve expanded internationally and are now recognized as the leading U.S.-based third-party hotel management company. Along the way, we’ve forged partnerships with major brands in the industry and earned a reputation for high-quality, performance based operations.

Our Vision

To be the leading, independent, multinational hotel operator.

Our Mission

To be the leading, independent multinational hotel operator by creating a rewarding work experience for all of our associates, providing exceptional guest service, and generating superior returns for our owners and co-owners.

Our Values

We didn't just stumble upon our success. Since the beginning, we've believed in delivering excellence by living our core values. It's these values that got us to where we are today and will guide us into the future. If you share these same values you will be a great fit for the Interstate team.

  • INTEGRITY: Strive to do the right thing and display honesty and fairness in all words and actions.
  • TEAMWORK: Consistently identify opportunities to assist your fellow associates.
  • RESPECT: Promote diversity and treat others with mutual trust and respect.
  • EXCELLENCE: Make a difference by delivering exceptional service and performing beyond expectations.
  • INNOVATION: Constantly create new ideas and improve on ways of doing things.
  • COMMUNICATION: Be a leader in your hotel regardless of your position and encourage open communication.
  • SERVICE: Be of service to our guests, our communities, and to each other.