Asset Manager, Hotel Asset Management

Job description

Asset Manager, Hotel Asset Management

Job ID

Job Locations

US-MA-Newton

Department

Asset Management

Overview

The Hotel Asset Manager is a key member of The RMR Group's Hotel Asset Management team, responsible for maximizing the performance and value of a portfolio of full service, focused service, and extended stay hotel assets. Working closely with hotel operators, ownership representatives, and senior leadership, the Asset Manager monitors real estate and hotel investment performance, analyzes financial and operational results, develops and executes business strategies, and drives initiatives that enhance revenue, improve profitability, mitigate risk, and support long-term asset value. The role is also responsible for preparing executive-level analyses, reports, presentations, and investment recommendations that support strategic decision-making related to asset performance, capital allocation, and value creation. The ideal candidate possesses strong analytical, financial, and communication skills, along with a deep understanding of hotel operations, real estate fundamentals, asset valuation, and investment performance. Success in this role requires sound business judgment, a collaborative approach, and the ability to translate complex financial, operational, and market data into actionable strategies while consistently demonstrating the highest standards of integrity, professionalism, and respect in a fast-paced, results-driven environment.

Responsibilities

Oversee the financial and operational performance of a portfolio of hotels

Identify opportunities to improve revenue, margins, cash flow, and asset value.

Manage relationships with management companies and brand partners.

Analyze and interpret monthly, quarterly, and annual operating results to assess property performance against budget and benchmarks.

Conduct regular asset reviews with operators and property leadership teams

Serve as an analytical resource for the hotel portfolio by developing, maintaining, and enhancing financial models, and decision-support tools used to monitor operating performance, identify trends, and inform asset management strategies. Conduct market research and competitive analysis.

Evaluate capital expenditure projects, renovations, acquisitions, dispositions, operator transitions, and other strategic initiatives through detailed underwriting, financial modeling, and scenario analysis to support value-enhancing investment decisions, including hold/sell recommendations, and maximize asset value.

Prepare executive-level reports, presentations, dashboards, and investment analyses to support senior leadership decision-making, capital allocation, and portfolio strategy.

Partner with operating teams in the development and review of annual business plans, operating budgets, capital budgets, and multi-year asset strategies to ensure alignment with ownership objectives. Challenge and validate operating assumptions, and strategic plans.

Keep current on all markets that impact the positioning and performance of assigned hotels. Maintain up-to-date knowledge of all factors including market dynamics, STR/benchmarking data, and changes in supply and demand.

Evaluate and enhance revenue management, marketing, sales processes and operating expense models with operating partners.

Conduct site tours to evaluate physical condition, service standards, guest satisfaction metrics, and competitive positioning.

Review, understand, and ensure compliance with management agreements and other legal agreements.

Complete ad hoc analysis and special projects with the Hotel Asset Management and REIT management teams.

Qualifications

Required Qualifications:

Bachelor's degree in business, finance, economics, real estate or a related field

5-10 years of experience in asset management, M&A, accounting, and/or financial analysis, preferably within the hospitality industry

Strong accounting/financial modeling and analytical skills supported by a high proficiency in Microsoft Excel, Word and PowerPoint

Experience analyzing operations, identifying opportunities, and driving profitability

Excellent written and oral communication skills.

Strong negotiation skills, with the ability to manage diverse internal and external stakeholders effectively.

Self-motivated, with the ability to work in a fast-paced, team-centered, results-driven environment.

Ability to prioritize time between multiple projects with minimal supervision.

Ability to deliver work in a timely and accurate manner, meeting deadlines and allowing time for next level review.

Preferred Qualifications:

CHAM (Certified Hotel Asset Manager) designation, or membership in the Hospitality Asset Managers Association (HAMA), a plus

MBA or other advanced degree in a related field

Familiarity with STR/benchmarking reports, hotel PMS, CRS, and revenue management systems

Experience across multiple hotel brands and management companies (e.g., Marriott, Hilton, Hyatt, IHG) and across full-service, select-service, and extended-stay segments

Total Rewards

The RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 21 hours per week are eligible to participate in The RMR Group's benefits plans, including:

Health Insurance

Dental Insurance

Vision Insurance

Life & Disability Insurance

Health Savings Account (HSA) & Flexible Spending Plans (FSA)

401(k) Plan with Employer Match

Holidays, Vacation & Sick Time

Parental Leave

Tuition Assistance

Matching Gift Program

Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance

The estimated base compensation range for this position is $150,000 to $170,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data.

Company Overview

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR's vertical integration is strengthened by nearly 900 real estate professionals in more than 30 offices nationwide who manage approximately $40 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a "Top Place to Work", by the Environmental Protection Agency (EPA) as an "ENERGY STAR Partner of the Year" and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.

RMR's mission is to create long term value for our clients by managing their investments and assets "like we own it" - an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:

Integrity at Our Core.

Perform Passionately and Effectively.

Inspired Thinking.

Like We Own It.

Power of We.

Mutual Respect.

Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.

Follow RMR on LinkedIn and Instagram @thermrgroup.

The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you'd like more information on your EEO rights under the law, please click here.

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.