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Associate or Senior Associate, Asset Management

Full Time | New York City in-office preferred; hybrid (in-office/remote) will be considered after 6-month training period 

Asset Management associates and senior associates at LWHA predominantly focus on underwriting, financial analysis, and modeling for a specific property or collection of properties; monthly reporting on performance objectives; and other ad hoc consulting assignments for hotels located across the country. 

  • Research
    • Conducting market research to evaluate overall asset performance against a defined set of competitive properties in the same geographical location and/or specific asset class.
    • Preparing summary documents and/or reports highlighting observations and providing recommendations for clients. These reviews will include analyses of the local market and subject property’s market penetration, evaluation of staffing needs, wages, and projected labor productivity, analyses of expenses compared to historical performance and/or competitive hotel properties, and reviews of any operational changes impacting expenses and/or profitability.
    • Underwriting hotel investments and developing operating projections and pro formas.
    • Analyzing hotel Property Improvement Plans (PIP) and providing cost estimates.
  • Inspections/Site Visits
    • Visiting the subject hotel to tour the asset and meet with the onsite management staff.
    • Touring the market to better understand demand drivers and other factors affecting hotel performance.
    • Touring the subject property’s competitive set to evaluate how the competition compares in terms of physical product, location, and amenities.
  • Reporting
    • Conducting monthly property reviews with key hotel leadership in order to prepare Asset Management Plan Updates, Flex and Flow analyses; Expense Ratio comparisons, and Budget Variance Reviews.
    • Compiling financial projections via Excel-based modeling; this will include reviews of documentation provided by the client, data input into Excel models, comparable analyses, and forecasting.
  • Consulting
    • Providing client support for management agreement reviews and analyses, brand selection assignments, asset repositioning projects, and other assignments.
  • Bachelor’s Degree from an accredited university
    • Preferable majors include: Hospitality Management, Real Estate, Finance
  • 1.5 – 4 years professional experience
    • Preferable fields: Hotel Asset Management, Hotel Feasibility/Development, Hotel Operations, Hotel Revenue Management, Real Estate Finance/Consulting, Hotel Development/Consulting, Valuation/Appraisal
    • Experience with building/completing underwriting analyses and/or asset management reporting/analyses will be preferred
    • Experience with analyzing markets and working with STAR reports will be useful
  • Advanced Excel skills; must be able to proactively create analyses in Excel as needed. Experience with macros/VBA a plus, but not required. Candidates will be required to complete an Excel test
  • Excellent writing skills; most assignments will require a well-crafted and professionally written report deliverable to client
  • Presentation skills; financial analysis & reporting must be presented in a clear and aesthetically pleasing manner so as to enable our internal team and clients to easily understand the information being conveyed
  • Excellent communication skills; an associate will be interacting directly with clients, hotel owners/developers/management, and various other industry professionals. Proactive and professionally mature individuals will be most successful in this role
  • Thoughtful & diligent worker with excellent follow-through internally and externally
  • Energetic self-starter who is eager to learn and desires to fully grasp concepts
  • Interest in Hotels; penchant for Finance
  • Ability to travel domestically 15-25% of each month
  • 40+ hours per week; relatively flexible though demanding during reporting periods

  • Base Salary $85,000-$100,000 (commensurate with experience), plus incentive bonus

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