Hotel Manager Salary in Lakewood, CO
Hotel Managers in Lakewood, CO, earn approximately $27.75 per hour, which translates to about $1,110.00 per week, $4,810.00 per month, and $57,720.00 per year.
The demand for Hotel Managers is growing steadily at about 5% per year, reflecting a positive job market with increasing opportunities in the hospitality industry in Lakewood.
How Much Does a Hotel Manager Make in Lakewood, CO?
The salary of a Hotel Manager in Lakewood varies based on experience and responsibilities. Below is a breakdown of typical earnings at different career stages.
| Experience level | Hourly pay | Weekly pay | Monthly pay | Yearly pay |
|---|---|---|---|---|
| Entry-level (~25th percentile) | $25.64 | $1,025.60 | $4,439.47 | $53,107.20 |
| Mid-level (average) | $27.75 | $1,110.00 | $4,810.00 | $57,720.00 |
| Top earners (90th percentile) | $30.04 | $1,201.60 | $5,176.53 | $62,483.20 |
Do Hotel Managers in Lakewood Earn Tips?
Hotel Managers typically do not earn tips as their role is mostly administrative and supervisory rather than service-based. Their compensation is overwhelmingly from salary or hourly wages.
Hotel Manager Salary in Lakewood, CO vs. National Average
Across the United States, Hotel Managers earn an average of around $29.14 per hour, which equals about $60,611.20 per year.
In comparison, Hotel Managers in Lakewood earn slightly below national averages with $27.75 per hour and $57,720.00 annually. This variance can be influenced by the regional cost of living and local market conditions.
Highest-Paying Areas Near Lakewood for Hotel Managers
Nearby cities offer higher pay rates for Hotel Managers:
- Englewood: $55.03 per hour
- Vail: $52.99 per hour
Hotel Managers might consider positions in these areas for significantly higher wages.
What Influences a Hotel Manager’s Salary in Lakewood?
Several key factors impact how much a Hotel Manager can earn in Lakewood:
- Experience and Leadership Skills: More experienced managers who effectively lead teams often secure higher salaries.
- Type and Size of the Hotel: Luxury and larger hotels typically offer increased compensation compared to budget or smaller properties.
- Educational Qualifications: Degrees or certifications in hospitality management or business can enhance earning potential.
- Location Within the Region: Salaries can vary depending on the specific part of Lakewood or neighboring areas.
- Performance and Reputation: Managers who maintain high guest satisfaction and operational efficiency may receive bonuses or pay raises.
How To Become a Hotel Manager in Lakewood
To pursue a career as a Hotel Manager in Lakewood, these steps may be helpful:
- Obtain Relevant Education: Completing a program like the Bachelor's degree in Hospitality, Tourism, and Events at Metropolitan State University of Denver provides solid foundational knowledge.
- Consider an Associate Degree: The Hospitality Management Program at Community College of Denver offers practical skills focused on hotel operations.
- Earn Industry Certifications: Professional credentials such as the Certified Hotel Administrator (CHA) or ServSafe Manager Certification improve prospects and credibility.
- Gain Work Experience: Starting in positions like front desk supervisor or assistant manager helps build critical operational and leadership skills.
Top Employers Hiring Hotel Managers in Lakewood
Key companies consistently hiring Hotel Managers include:
- Marriott International
- Hilton Hotels & Resorts
- Hyatt Hotels Corporation
- InterContinental Hotels Group
- Wyndham Hotels & Resorts
Establishments That Hotel Managers in Lakewood Work At
Hotel Managers in Lakewood typically work in various types of establishments such as:
- Full-Service Hotels: These establishments usually offer the highest salary ranges due to the complexity and size of operations.
- Resorts and Luxury Hotels: Managers here often handle larger teams and guest services, with increased salary potential.
- Budget and Boutique Hotels: While these may offer lower average salaries than large chains, they provide opportunities for hands-on management experience.
The type of establishment influences salary, with luxury and larger operations offering more financially rewarding roles.
Related Hospitality Jobs in Lakewood for Hotel Managers
If you are interested in related careers in the hospitality field, consider the following roles:
These include Hotel General Manager, Restaurant Manager, and Food and Beverage Manager, all of which require strong leadership and hospitality expertise.
Labor Laws and Taxes for Hotel Managers in Lakewood
Understanding labor laws and tax responsibilities is essential for Hotel Managers working in Lakewood and across Colorado.
- Visit the Official website of the State of Colorado for comprehensive information on state labor laws, minimum wage, overtime, and employment rights.
- For federal employment regulations and standards, check the U.S. Department of Labor’s official website.