Bonus Compensation Structure
Hello All,
I have recently been offered a position as a Development and Acquisitions manager for a small hospitality company in a secondary market. The company currently owns and manages hotel assets in Virginia and North Carolina and is in the process of developing a few midscale properties in those markets. I was asked to figure out a reasonable way to structure my bonus for both these new developments as well as any new hotel acquisitions and wasn't sure what sort of metrics I should use as a basis for my bonus. Also, what would be considered a reasonable bonus percentage for both the new developments and the acquisitions?