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Job Overview
Employment Type
Full-time
Compensation
Salary
Range $165,000.00 - $185,000.00
Work Schedule
Standard Hours
Benefits
Competitive compensation package
Annual performance incentives
Health Insurance
Dental Insurance
Vision Insurance
401(k) retirement plan
Professional growth opportunities
Job Description
Prime Group is a multifaceted real estate development company recognized for its vertically integrated approach that unifies various real estate disciplines under a single vision. The company’s portfolio spans retail centers, offices, mixed-use developments, hotels, resorts, restaurants, and residential communities. Founded originally as a residential real estate developer, Prime Group has expanded its expertise into commercial retail, office spaces, hospitality, mixed-use projects, consulting, and property management. Operating as a privately owned company, Prime Group combines agility with strength, leveraging unique opportunities through strategic partnerships and in-house talent. The company values sustainable growth, strategic planning, and leveraging technology to support its... Show More
Job Requirements
- Bachelor's degree in hospitality, finance, real estate, or a related field
- Minimum of 5 years of experience in hotel asset management, select-service operations, hotel ownership, or hospitality financial management
- Knowledge of select-service brand standards
- Preferred experience with Marriott and Hilton brands
- Proficiency in financial analysis and modeling
- Ability to multitask and manage priorities in a fast-paced environment
- Preferred experience with hotel acquisitions, underwriting, and capital expenditure planning
- Preferred advanced education such as MBA, MSRE, or relevant hospitality certifications
Job Qualifications
- Bachelor's degree in Hospitality, Finance, Real Estate, or a related field
- 5+ years of experience in hotel asset management, select-service operations, hotel ownership, or hospitality financial management
- Strong understanding of select-service brand standards with Marriott and Hilton brand experience preferred
- Exceptional analytical skills with proficiency in financial modeling and performance forecasting
- Ability to manage multiple assets and priorities in a fast-paced environment
- Experience with hotel acquisitions and underwriting preferred
- Advanced knowledge of CapEx planning, PIPs, and renovation processes preferred
- Master's degree (MBA, MSRE) or relevant certifications (CHAM, CHA) preferred
Job Duties
- Develop and execute asset-level business plans focusing on revenue optimization, cost controls, market positioning, and EBITDA growth
- Evaluate property-level performance versus budgets, forecasts, benchmarks, and competitive sets
- Identify value-creation opportunities including margin improvements, operating efficiencies, and market penetration strategies
- Lead monthly, quarterly, and annual performance reviews with operators and senior leadership
- Analyze P&Ls, STR reports, labor models, capital needs, and long-term cash flows
- Prepare owner reports, investment summaries, and presentations for leadership and investment committees
- Serve as the primary liaison between ownership and hotel management companies
- Hold operators accountable to performance targets, brand standards, and property-specific strategies
- Lead or participate in operator selection, contract negotiations, and performance evaluations
- Develop and monitor short- and long-term capital expenditure plans including FF&E reserve usage
- Ensure projects align with investment strategy, brand requirements, and ROI expectations
- Coordinate with project managers, designers, and brand representatives on renovations and PIP execution
- Conduct ongoing market research, competitive analysis, and feasibility studies
- Identify trends affecting select-service assets including demand shifts, brand performance, and operating expense inflation
- Support portfolio-level initiatives such as refinancing, dispositions, or acquisitions
Job Qualifications
Experience
Expert Level (7+ years)
Job Location
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