Cape Town: Asset Manager posted by HotelJobs

We are seeking a dynamic and experienced Asset Manager to oversee a portfolio of hospitality assets, including hotels, resorts, and other related properties. The ideal candidate will be a strategic thinker with a proven track record of maximizing asset value, driving sales, and optimizing business performance. This role is critical to the long-term growth and requires a deep understanding of the hospitality industry, financial analysis, and real estate markets.

Key Responsibilities:

• Portfolio Management & Strategy:

  • Develop and execute asset management strategies to enhance the value and profitability of our hospitality portfolio.

  • Conduct thorough market analysis, financial modeling, and performance benchmarking to identify opportunities for growth and improvement.

  • Evaluate potential acquisitions and dispositions, providing detailed financial analysis and recommendations to senior management.

  • Stay abreast of industry trends, competitor activities, and economic factors impacting the hospitality sector.

• Ancillary revenue optimization:

  • Identify and implement value-add initiatives, including capital improvements, service enhancements, and new amenity offerings, to increase property appeal and revenue.

• Financial and capital oversight

  • Review and approve annual operating and capital budgets submitted by property management teams.

  • Conduct regular on-site visits and property inspections to ensure assets are well-maintained and operating effectively.

• Valuation & Reporting:

  • Lead the valuation process for all assets, preparing detailed reports on performance, valuation, and strategic recommendations for senior leadership

  • Present a comprehensive overview of asset performance and future strategies to the executive team and board of directors.

• Disposals and acquisition of properties

  • Identify and evaluate opportunities for the disposal of underperforming or non-core assets within the portfolio.

  • Manage the due diligence process for all sales, including preparing accurate financial records, legal documentation, and operational data to instill buyer confidence.

  • Engage with real estate brokers and valuation experts to determine the appropriate market value and develop effective marketing strategies to attract qualified buyers.

  • Lead the negotiation of sales agreements, working with legal and financial teams to finalize terms and ensure a seamless closing process that maximizes the financial return for the business.

  • Monitor real estate and hospitality market trends to recommend the optimal timing for asset disposals, ensuring we sell at peak value.

Qualifications:

• Bachelor’s degree in Finance, Business, Real Estate, Hospitality Management, or a related field.

• 3 years + of experience in asset management, real estate investment within the hospitality industry.

• Proven experience in financial modeling, valuation, and due diligence.

• Strong understanding of hotel operations, sales, and marketing strategies.

• Exceptional analytical, problem-solving, and decision-making skills.

• Excellent communication, negotiation, and interpersonal skills.

• Ability to travel as required to visit properties and attend industry events.