I have an interview coming up for a hotel asset management gig. I would say I have no experience with hotels, but have always been interested in getting into the space and do know how to underwrite them at a very high level and analyze a STR report.
For those in hotels, what’s the fastest way to prep for an interview/get up to speed on hotel lingo. Anything to read in particular, etc. online?
Thanks in advance for any help.
| +58 | Development Fees > Sponsor Equity Contribution | 18 | 2h |
| +57 | What's an Undergrad to Do? | 21 | 1d |
| +43 | Advice to Job Seekers: Don't Sleep on Asset Management | 13 | 22h |
| +23 | Mid Sized REPE firm for first job in RE | 9 | 3h |
| +10 | Full-Time RE Acquisitions Analyst Recruiting - Class of 2028 | 4 | 1d |
| +3 | Tishman Speyer Debt Fund | 0 | 4d |
| +3 | Debt fund jobs | 1 | 3d |
| +3 | Thoughts on CIM Group today? | 11 | 13h |
| +1 | Equity Waterfall - Market Standard | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Major things to understand from my perspective are: fixed versus variable expenses, recognizing ADR is an “average” and how you can increase ADR through mix shift and direct bookings, understanding the compset and why some hotels outperform others, what drives demand in a given market and why that has or hasn’t changed, what supply change is expected or has happened historically, FFE cycles.
Housekeeping cost per occupied room is the biggest variable expense to understand how it’s trending. GSS: guest satisfaction scores. RevPar index: the % you are above or below the compset. GOP: gross operating profit (before insurance and tax and mgmt fees). Flow %: the amount of incremental revenue that makes it way down to GOP. DOS: director of sales. Revenue mgmt: a literal weekly call with a revenue manager who helps set rates based on the latest happening. Types of bookings: transient, group, LNR local negotiated rate, corporate, 3rd party.
Sorry not cohesive thoughts, just throwing a lot out there.
Animi voluptatum unde iusto eos aliquam maiores voluptas non. Nesciunt libero exercitationem quo. Ducimus sapiente dolor delectus sequi modi minima possimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...