Cape Town: Asset Manager posted by HotelJobs

We are seeking a dynamic and experienced Asset Manager to oversee our 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 our 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 modelling, 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.