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VP of Asset Management & Owner Relations

Posted January 25, 2023

Schulte Hospitality Group
Louisville, KY
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About This Job

Job Description

Schulte Hospitality Group is seeking an energetic, experienced, and hands on V.P. of Asset Management and Owner Relations to join our team and lead several aspects of asset management for a fast-growing hotel portfolio.

Schulte Hospitality Group is an organization whose success is rooted in its service culture. Our mission is to exude hospitality, be respectful and authentic, prioritize the needs of our internal and external stakeholders above our own, and continuously strive to make a positive impact in all we do. We are passionate hoteliers, eager to add like-minded people to our rapidly growing team! 

What’s in it for you? When you join Schulte Hospitality Group, you’ll be part of a team committed to an inclusive, employee-focused workplace that is invested in your development. We want you to feel engaged, empowered, and excited to grow with us. After all, we believe our greatest and most valuable asset is our people! SHG provides a rewarding, fun and flexible work environment, exciting perks, a robust benefit package and an atmosphere designed to encourage and promote career growth within the company. 

Our Company

SHG is a division of Schulte Companies, a leading third-party management company with deep, multi-generational experience in all facets of the hospitality industry. We are a diverse team of innovative hoteliers and restauranteurs operating more than 200 locations across 38 states and 3 countries. Our portfolio includes a wide array of reputable brands like Marriott, Hilton, IHG and Hyatt as well as many unique, independent, boutique and lifestyle properties and restaurants.  

Job Duties And Responsibilities 

  • Serve as the single point of contact for respective capital partner, for any and all data or analysis needs for their portfolio. Collaborate with the various operating disciplines to collect, present and respond to their inquiries.
  • Proactively asset-manage a portfolio of select service, full service, and luxury hotels to maximize value and optimize systems and resources.
  • Engage with hotels and property management teams during regular strategy and performance meetings, working collaboratively and actively participating in the formulation and execution of revenue and operating strategies.
  • Manage and influence annual operating and capital plans.
  • Stay at the forefront of hotel, market, sales, travel trends, indicators, supply and demand dynamics, performance statistics and related topics through various industry-standard tools.
  • Analyze hotel and portfolio level financial data against industry and market benchmarks to uncover gaps and opportunities.
  • Monitor and track capital expenditures (routine capital expenditures and major renovations) at each hotel.
  • Execute on all aspects of writing, research and/or production of specific monthly, quarterly, and year-end reports, meeting minutes, research papers, and annual asset. valuations, and hold/sell analyses – always adhering to predetermined deadlines
  • Additional asset management tasks, as required, to maximize the value and investment return of each hotel and portfolio.
  • Perform all job duties and responsibilities in an honest and ethical manner and in compliance with all laws, regulations, and Company policies.

Education And Experience

  • BA/BS degree required, but advanced degree preferred, ideally in Business, Finance, Real Estate or Urban Planning
  • Hospitality experience in ownership, advisory, operations, property management, or asset management
  • 1-2 years of top-tier management consulting or investment banking experience preferred, or 3-5 years of financial reporting and analysis experience

Knowledge, Skills And Abilities

  • Superior analytical skills in all aspects of financial modeling
  • Demonstrated expertise in hotel revenue and operating strategies
  • A team player who thrives in an entrepreneurial environment and has a positive attitude and flexibility to change priorities to meet new deadlines or situations
  • Self-motivated, proactive, and thrives working independently
  • Effective negotiator and skilled at establishing effective business relationships
  • Comfortable navigating and analyzing transaction legal documents, financial projections, and financial reports
  • Strong interpersonal skills for establishing and maintaining effective professional working relationships

Schulte Hospitality Group offers a robust selection of perks/benefits that include, but aren’t limited to: Paid Time Off, Unlimited Referral Bonuses, Growth and Career Opportunities, Hotel Discounts, 401K, Health/Dental/Vision Insurance, Short-Term/Long-Term Disability, Flexible Spending Accounts, Health Savings Account, Pet Insurance, Dependent Tuition Benefits, EAP Program, DailyPay, Marketplace Discounts at various retailers such as Disney, Apple, AT&T, Verizon and more, and a flexible and fun working environment! 

  • Schulte Hospitality Group is an Equal Opportunity Employer.
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    About this Employer

    Schulte Hospitality Group

    2000 High Wickham Place
    Suite 300
    Louisville, KY 40245

    (502) 489-3737

    Corporate Office

    www.schultehotels.com

    OUR STORY

    Schulte Hospitality Group was formed by several generations of experienced and quality innkeepers who had a passion for the business and the drive and fortitude sought by many owners. We have assembled an experienced team with talents encompassing all aspects of hospitality that has meant measured success for our clients, loyalty and pride from our employees and recognition in the industry.

    SOCIAL RESPONSIBILITY

    COMMUNITY INVOLVEMENT

    We strongly believe that all of our hotels must be active in their local communities. Our team members participate in various community projects and with charitable organizations, organized at both the property and corporate levels. At the corporate office, we support several organizations that help those in need in order to build a better community.

    ENVIRONMENTAL RESPONSIBILITY

    Saving energy is not just a cost-saving function at Schulte Hospitality Group; we believe that it is also our responsibility. As a company, we evaluate various methods to reduce energy consumption, and make a strong effort to use renewable and sustainable resources.

    CAREER OPPORTUNITIES

    At Schulte Hospitality we believe that it is the people that are our biggest asset. The special service touches that make our hotels unique and stand out above the competition are only provided by a caring and engaged staff.

    At our hotels we provide competitive benefits along with an atmosphere designed to encourage and promote a career path within the company.