Location Brookfield Place - 181 Bay Street Job Description Vice President, Asset Management - Hospitality B r o o k f ield A sset Ma n a g e ment ( “ B r oo k f iel d ”) is a g l obal a l t e r n a t i v e a s s et m a n a ger wi t h over $385 b il l i on in a s s ets u n d er m a n a ge m ent. Wi t h a 12 0 - y e a r heri t a ge a s owne r s a n d ope r a t ors, B r o ok f ie l d is in v e s t ed in long-life, hig h - q u a li t y a ss ets a n d b u sin e s s es in m ore t h a n 30 c o u nt r ies a r o u n d t he world. B r o ok f ie l d le v er a ges i t s ope r a t ion a l expe rt ise t o en h a n c e c a s h f lows, i n cre a se t he v a l u e o f u n d erl y ing a s sets, an d generate super i or r etu r ns f or in v e s t ors. A s one o f t he wo r l d ’s lar g e s t in v e s t ors in r e a l e s t a t e, wi t h $194 b il l ion in as sets a n d 17 , 000 o p er a t i n g employ e e s , B r o o k f ie l d o w ns a nd opera t es i c o n ic p r oper t ies in t he w or l d ’ s m o s t d y n a mic m a r ke t s. T he ir g l obal po rt f olio i n clu d es o ff i ce, r e t a il, mult i f a mil y , logist i c s , h o s pi t a li t y, se l f -s t o r a ge, tr ip l e n et le as e, m a n u f a ctu r e d h o u sing, an d s t u d e nt h o u s ing a s se t s. B r oo k f iel d ’s h o spi t a li t y p o rt f olio i n cl u d es 25 , 000 r o oms a c r o s s 1 2 3 hote l s i ncl u d ing f ull s e rv ice, sel e ct ser v ice a n d lif e s t y l e h o s p i t a li t y a s sets i n hig h - b a rr i er d e s t in a t i o n m a r ke t s a r o u n d t h e wor l d . D r a wing on more t h a n t wo d ec a d e s of expe r i e nc e , t h e ir in d u s tr y -lea d i ng h o spi t a li t y t e a m a ct iv ely m a n a g e s t h e se a s s ets a n d u n d er t a kes e x t en s i v e c a pi t a l i m p r ove m ents t o b o o s t operat i o n a l pe r f or m a n c e a nd en h a n ce loc a t i o n d e s i r a b il it y. About the Role B r o o k f ield i s seek i ng a s e nior r e a l e s t a t e p r o f e s si on a l t o t a ke a le a d ing r ole in the a sset m a n a gem e nt of a ho s pi t a li t y po rt f olio a n d a l so s upport a s sets B r o ok f ie l d is in t he p r o ce s s o f a c q ui r ing. T he s uc c e s s f u l c a n d i d a t e wi l l b e a discerning r e a l e s t a t e p r o f e ss i o na l w i t h s tr o n g d r i v e a nd p a s si o n f or h o s pi t a li t y r e a l e s t a t e . T he i d e a l c a n d i d a t e s h o u ld h a v e d eep expe r i e nce in i n s t i t ution a l a s s et m a n a gem e nt, d e v elo p me n t /r e - d e v elo p me n t , a n d s tr a t eg i c a s set p l a nni n g. T h e i d ea l c a n d i d a t e wi l l work as a key me m b er of t h e t e a m t o m a xim i ze p r oper t y v a l u a t i o n , op t imize a s s et pe r f o r m a n ce, en s ure or g a n i z a t i o n a l e f f ecti v e n e s s , imp l e m ent high o p er a t io n a l s t a n da r d s, a n d m a in t a in s tr o n g o p er a t or r elati o n s . T his p o s i t i o n wi l l remotely- b a s e d, ideally near a major international airport , a n d t his pe r s on wi l l r eport t o the S en i or V ice Pr e s i d e n t r e s po n si b le f or p or t f olio m a n a ge m ent a ct iv i t ies f or h o spi t a li t y p r oper t i e s i n N or t h A meri c a . T he t e a m h a s a Chicago- b a s ed a n a l y st p o o l a n d d e d i c a t ed r e s o u r ces wi t h s tr o n g t ec h n i c a l b a ckg r o u n ds in specific disciplines within the h o spi t a li t y industry. Responsibilities Asset Management + P er f orm a s s et m a n a g e m ent a ct iv i t ies, i ncl u d ing development o f c a pex, br a n d ing, operat i o n a l, m a n a ge m ent a nd r e p o s i t i o n ing st r a t egies a n d a d h e r en c e to t he d etail e d b u s i ne s s p l a n + A ct a s t he ow n er r ep r e s e ntati v e in inte r a ct i o n s wi t h hotel br a n d a n d m a n a g eme n t t e a ms t o e n sure owner st r a t egies a r e e f f e c t i v ely i mplement e d + Pr o a ct iv ely eng a g e wi t h h o t el t e a ms t o cr e a t e a nd i m p l eme n t ope r a t ing m o d e l s t h a t m a x i mize r e v e n ue a nd p r o f i t a b il it y + Pr epare a n d p r e s e nt wee k l y , mo n t hl y , q u a rt erl y , a n d a n n u a l a s s et m a n a g e me n t a nd po rt f olio r epor t s , c a s h f l ow f ore c a s t s, a n d d ist r i b ution a n a l y s es + R e v ise s tr a t egi e s a nd t he a cc o mp a nying b u sin e ss p l a n t o a d d r e s s c h a n g es in m a r ket a n d / o r p r oper t y c o n d i t ions a s well a s a ny a me n d e d in v e s t m e nt st r a t egies + Perform detailed review of weekly forecasts and pace reports, monthly financial statements, STR reports, brand audits, guest surveys and revenue management strategies to identify weaknesses and inefficiencies as well as revenue enhancement opportunities. + Pr ov i d e r e c om m e n d e d so l utions t o a ny ope r a t io n a l i ss u es t h a t c o uld im p a ct t h e f i n a n ci a l pe r f orm a nce of a n a s s et + Le a d weekly r e v e nue c a l l s wi t h hotel t e a m s a nd i d e ntify a n d i mplem e nt act i o ns t o g a in m a r ket s h a r e + Con d u c t r egu l a r exp e n s e r e v iews t o en s ure t h a t t he a sse t s a r e m e et i ng or exc e e d ing ope r a t ing targets, m a r gi n s a n d f l e x / f l o w met r i c s + Con d uct M o n t hly Ope r a t i n g R e v iews wi t h h otel a n d r egion a l operat i o n s t e a ms t o r e v iew a ll a r e a s o f t he ope r a t ion; en s ure t h a t t he a sset i s o n t r a ck t o m eet or ex c e e d b u s i ne s s p l a n + R e v iew a n d a n a l y z e e a ch a s s et’s a n n u a l b u sin e ss p l a n, s a l e s a nd m a r ke t ing p l a n, a nd a n n u a l b u d g e t ; eng a ge wi t h h otel t e a m s t o d i sc u ss r i s ks a n d oppo r t unities r e l a t ed t o the a n n u a l p lan a n d b u d get + Tr a ck m a r ket a ct iv i t y t o r em a in cur r e nt on tr en d s a n d e v ents a f f ecting t he h o s pi t a li t y in d u s tr y, a s well a s l o c a l m a r ket d y n a mi c s inclu d i ng s upp l y a n d d e m a nd c h a ng e s a nd tr en d s + N egot i a t e a n d e n sure c omplia n ce wi t h t hi r d -pa r t y lea s e s, f r a nc h i se a g r eem e nts, m a n a g em e nt c o nt r a c t s p r oper t y imp r o v eme n t p l a n s , a n d ot h er v en d or r e l a t ed d o cu m e nts t h a t i mpact hotel operat i o n s + Pr epare a n d u p da t e 5 - y e a r f ore c a s t s f or e a ch a s set o n a q u a rt erly b a s i s t o d r i v e t he q u a rt erly v a l u a t ion p r o c e s s + E n s ure t h a t t he p hysi c a l i n t eg r i t y of t he a s s ets is m a intain e d a t a n i n s t i t ution a l q u a li t y le v el, v ia r obust engineerin g , a n d p r e v e nti v e m a int e n a nce p r og r a ms + A ssist i n t h e u n d erw r i t ing p r o c e s s f or n ew a cqu i si t i o n s , a s se s s m a r ket r i sk a n d o p p or t uniti e s, c o n d uct b en c h m a r king a n a l y s e s , i d ent i f y a nd i n c o r po r a t e a sset-le v el v a l u e a d d op p or t unities into t he p r o f or m a u n d erw r i t ing + A n a l y ze a n d r e p ort on a s s et le v el pe r f or m a nce c om p a r ed t o i n d u s tr y b en c h m a r ks a n d c om p a ny key pe r f or m a n c e i n d ic a t ors as d ete r m i ned t h r o u g h t he u n d erw r i t ing a nd b u s i n e s s p l a n. P or t f olio M a n a g eme n t + Coor d i n a t e wi t h tr e a sury a nd a c c o u nting t e a m s t o a s s e s s weekly p r o p erty c a sh f low ne e d s, c a pi t a l r equi r eme n t s, a nd p r o pe rt y -le v el d ist r i b utio n s + Coor d i n a t e wi t h inte r n a l t e a m s a n d le n d e r s on r ep o rt ing, lo a n a g r e em e nt c o m p l ia n ce, d e b t c o v e n a nt tr a cking, d r a w r eq u e s t s a nd c a s h m a n a ge m ent r e q ui r eme n t s. Capex M a n a gem e nt + Wo r k clo s ely wi t h t h e int e r n a l p r oje c t m a n a g e me n t t e a m a n d c o n s ul t a nts t o create c a pi t a l b u d ge t s t h a t help m a ximize re v e n u e a n d p r o f i t a b il it y, a n d en h a n ce t h e long-term v a lue of t h e a sset + M o n i t or t he m a n a gem e nt a nd impl e me n t a t ion o f ca pi t a l r en o v a t ion p r oje c t s a nd operat i ng a ct iv i t ies, a nd work wi t h p r o j ect m a n a gem e nt t o e n sure t h a t ca pi t a l p r oje c t s a r e c omple t ed wi t h i n t he a pp r ov e d b u d get a nd t i meline Qualifications + A t lea s t 10 years o f expe r i en c e m a n a ging h o spi t a li t y a sse t s, p r e f e r a b ly in r e a l e s t a t e p r i v a t e equi t y or r e a l es t a t e a s s et m a n a g e me n t . + D eep expe r i e nce in i n s t i t ution a l a sset m a n a g em e nt, a n d s tr a t egic a s s et p l a nni n g wi t h a d r i v e f or excelle n ce a n d a p a s sion f or t he h o s pi t a li t y s ector + B r o a d g e og r a ph i c a sset m a n a g em e nt a n d o p er a t io n a l expe rt i s e + Pr oven tr a ck r e c ord o f b e i ng le a d on po rt f ol i o m a na gement + F a mil i a r wi t h a cqu i si t ion s , t he u n d erw r i t ing p r o ce s s, a n d o n b o a r d i ng a sse t s p r e a n d p o st - cl o sing + E xpe r ience m a n a g i ng t e a ms a s well a s c o o r d i n a t ing wi t h other d epa r t me n t s a n d exter na l s t a k e ho l d ers + E xceptio n a l a n a l yt ic a l ski l l s a n d o pe r a t i o n a l a c u men t o ove r s e e a n d r e f ine a ss e t -le v el a n a l y s e s + E ff ecti v e p r e sen t a t ion ski l l s, incl u d ing s tr eng t h i n ve r b a l a n d w r i tt en c om m uni c a t ions + A n e n tr ep r en e ur i a l spi r i t , wi t h s tr o n g w ork eth i c a n d high d eg r ee of se l f -moti v a t ion + A p r o a ct iv e, f orw a r d -look i ng app ro a ch t o h o s pi t a li t y a s s et m a n a g em e nt + Ab il it y t o ada pt t o sh i f t ing m a r ket d yn a mics a n d d e v elop in n ovat iv e s olutio n s + A c ollabo r a t i v e n a t ur e , wi t h a wi l lin g n e s s t o b uild a nd s u s t a i n p r o d ucti v e wo r king r elatio n shi p s wi t h c o l l e a g ues a cr o ss v a r io u s t e a ms + Ab il it y t o in f lue n ce h otel b r a n d s a nd opera t ors, a nd create c h a nge a t t he a s s e t le v el + Pr o f icie n cy in a p p l ic a b le s o f t ware + Wi l lingne s s t o t r a v el signi f ic a nt l y t o var i o us a s sets n a t ion a l l y + Hotel operations experience a plus + U n d erg r a d u a t e d eg r e e ; M B A or o t h er r elat e d g r a d ua t e d eg r ee a p l us Compensation & Location + Remote or in office - North America We are proud to create a diverse environment and are proud to be an equal opportunity employer. Accordingly, we will accommodate the needs of all qualified applicants with disabilities during the recruitment and selection process in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act. #BPUS At Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 1100 properties and 400 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.