Development Asset Manager - Hotel and Multifamily
Job Overview
Employment Type
Full-time
Compensation
Type:
Salary
Rate:
Range $67,200.00 - $98,300.00
Work Schedule
Standard Hours
Benefits
Health Insurance
Dental Insurance
Paid Time Off
competitive salary
Professional development opportunities
Flexible work environment
travel allowance
Job Description
The Development Asset Manager position is an exciting opportunity to contribute to a landmark project in Texas. This role is associated with Waterline, a luxurious mixed-use development redefining Austin's skyline by rising as the tallest building in Texas. Comprising world-class hospitality, luxury living, and inspired design, Waterline stands as a premier destination and a shining example of modern urban development. The project integrates hotel operations with multifamily residential and other mixed-use amenities, creating a dynamic environment that attracts a discerning clientele. This Development Asset Manager position offers a chance to work closely with a premier hotel brand and an elite... Show More
Job Requirements
- Bachelor's degree in real estate, finance, economics, business, accounting, or related field (experience may offset education)
- 5+ years of relevant experience, including at least 2 years managing hospitality or hotel assets
- proficiency in Microsoft Excel
- experience with property management systems such as Yardi, RealPage, or Entrata
- ability to manage competing priorities in a fast-paced environment
- excellent communication skills
- relationship management skills
- willingness to travel up to 60%
- detail-oriented and proactive approach to work
Job Qualifications
- Bachelor's degree in real estate, finance, economics, business, accounting, or related field (experience may offset education)
- 5+ years of relevant experience, including at least 2 years managing hospitality or hotel assets
- strong financial and analytical acumen with proficiency in Microsoft Excel and property management systems (Yardi, RealPage, or Entrata)
- detail-oriented, proactive, and able to manage competing priorities in a fast-paced environment
- excellent communication and relationship management skills - able to engage confidently with operators, ownership, and brand partners
- intellectual curiosity and a passion for creating long-term value in mixed-use assets
Job Duties
- Review and analyze monthly and quarterly operator financials, STR reports, and performance metrics
- benchmark results against budget, pro formas, and industry KPIs (RevPAR, ADR, Occupancy, GOP, NOI)
- serve as primary liaison between ownership and the hotel operator/brand
- participate in annual budgeting, forecasting, and strategic reviews
- oversee revenue management, pricing, and segmentation strategy
- evaluate marketing and sales initiatives for ROI and brand alignment
- monitor service quality, guest satisfaction, and operational efficiency
- drive integration between hotel operations and mixed-use amenities (parking, F&B, resident access, etc.)
- prepare ownership reports and dashboards summarizing financials, risks, and opportunities
- oversee asset preservation including acceptance, warranty walks, and ongoing inspections
- maintain real-time market intelligence through competitive property visits and pipeline tracking
- support lease-up performance by analyzing traffic, pricing, leasing velocity, and marketing effectiveness
- provide budget oversight and identify revenue opportunities (ancillary income, amenity monetization, cross-selling with hotel/retail)
- coordinate with operations teams to resolve leasing or performance challenges
- prepare assets for disposition by managing capital needs and due diligence
- produce regular reporting, strategic plans, and market analysis
Job Qualifications
Experience
Mid Level (3-7 years)
Job Location
You may be also interested in: