Hospitality Asset Management Associate
- Stamford, CT
- Permanent
- Full-time
Location: Stamford, CT (On-site)Company Overview
Building and Land Technology (BLT) is a vertically integrated real estate firm based in Stamford, CT, with a diverse portfolio of commercial, residential, mixed-use, and hospitality properties. BLT focuses on long-term ownership, operational excellence, and value creation across its portfolio.Position Summary
BLT is seeking a Hospitality Asset Management Associate to join our Stamford-based team. The primary function of this role is to provide analytical and operational support in creating and executing business plans for BLT’s hospitality assets, which include hotels and related mixed-use properties. The Associate will be actively involved in all aspects of operations, financial management, capital planning, and asset strategy, working closely with property managers, brand operators, and senior leadership.Key Responsibilities of the Hospitality Asset Management Associate:
- Develop and implement business plans for hospitality assets, including property-specific goals and performance benchmarks.
- Perform financial modeling and analysis, including discounted cash flows, IRRs, variance analysis, and market studies.
- Support the negotiation and execution of management agreements, vendor contracts, and key operating partnerships.
- Assist in the preparation and review of property operating budgets, monthly financials, and variance reports.
- Prepare monthly, quarterly, and annual reporting for internal stakeholders and external partners.
- Provide support to capital markets initiatives, including debt financings, acquisitions, and dispositions.
- Collaborate with property managers and hotel brand operators to ensure operational efficiency, service excellence, and guest satisfaction.
- Identify and assess risks to asset performance in the near- and long-term; propose strategic solutions.
- Conduct market research to ensure asset positioning and competitiveness.
- Perform regular on-site property inspections.
- Foster and maintain strong relationships with operating partners, vendors, lenders, and other stakeholders.
- Bachelor’s degree required; concentration in business, finance, real estate, hospitality management, or accounting preferred.
- 4+ years of experience in hospitality asset management required; hotel operations or brand/management company experience a plus.
- Strong foundation in real estate finance, with the ability to model financial scenarios and analyze results.
- Proficiency in Microsoft Excel, Word, and PowerPoint
- Excellent organizational skills and attention to detail.
- Strong written and verbal communication skills.
- Proactive, strategic, and analytical mindset.
- Results-oriented with the ability to manage multiple projects simultaneously.
- Competitive salary with potential for bonus
- Medical Insurance
- Dental Insurance
- Vision Plan
- 401(k) Plan
- Life Insurance
- Paid Vacation
- Paid Sick Leave
- Paid Holidays
- Tuition Reimbursement
- Housing Discount