Associate, Hospitality Asset Management

PEG•Provo, UT

About The Position

PEG Companies is a real estate investment firm founded in 2003, focused on multifamily, hospitality, and build-to-rent assets. It manages approximately $2B of assets under management across seven commingled funds and various separate accounts. The Associate, Hospitality Asset Management will join the investments team and work closely with senior investment leadership across the full life cycle of hospitality investments. The role combines hotel operating performance analysis, portfolio oversight, investment analysis, and transaction execution. The Associate will evaluate performance, execute business plans, and develop and carry out recommendations intended to drive asset value. Depending on demonstrated competency, initiative, and judgment, the Associate may assume direct asset management responsibility for individual hotels early in the role. Advancement is driven by capability and performance rather than tenure.

Requirements

Bachelor's degree in Finance, Accounting, Economics, Real Estate, Hospitality, Business, or a related field preferred.
3+ years of experience in hospitality asset management, real estate investment, private equity, hotel operations finance, investment banking, consulting, brokerage, lending, or a related field.
Advanced Excel and financial modeling capabilities, including valuation, cash flow forecasting, and sensitivity analysis.
Strong understanding of hotel financial statements and operating metrics, including occupancy, ADR, RevPAR, GOP, NOI, margins, and flow-through.
Ability to interpret operating reports, budgets, STR data, and market trends and translate findings into actionable recommendations.
Strong PowerPoint, written communication, and executive presentation skills.
Exceptional attention to detail, organizational skills, and ability to manage multiple priorities.
Intellectual curiosity, commercial judgment, initiative, and a strong ownership mentality.
Must be able to tolerate prolonged periods of sitting and/or standing at a desk.
Must be able to operate a computer, telephone, and/or keyboard and tolerate prolonged periods performing work using these devices.
Must be able to lift up to 30 pounds at times.

Nice To Haves

Prior hospitality experience is strongly preferred.
Familiarity with Yardi or similar financial and asset management systems is a plus.

Responsibilities

Maintain the core processes, strategic plans, and obligations supporting effective portfolio management.
Own and maintain property-level business plans covering operating objectives, capital priorities, financing, brand and operator considerations, and exit strategies.
Maintain the portfolio loan tracker and monitor maturities, extension options, covenants, reserves, lender reporting, and critical deadlines.
Monitor key initiatives, coordinate stakeholders, and ensure property-level action items remain on track.
Prepare quarterly asset management reports, investor updates, executive presentations, and lender materials.
Analyze hotel performance, challenge assumptions, and identify opportunities to improve profitability and asset value.
Participate in monthly meetings with hotel operators, assess performance, identify issues, and track corrective actions.
Support annual budgeting, reforecasting, and long-term operating projections.
Evaluate performance against budget, prior year, and underwriting, including occupancy, ADR, RevPAR, RevPAR index, GOP, NOI, labor, departmental profitability, and cash flow.
Analyze revenue strategies, expense controls, competitive positioning, and operating trends to develop actionable recommendations.
Support hotel sales from initial valuation and marketing through due diligence and closing.
Prepare valuations, hold/sell analyses, financial projections, investment returns, and sensitivity analyses.
Work with brokers on marketing, evaluate offers and transaction structures, and assess market feedback.
Coordinate due diligence, legal, lender, accounting, and property-level requirements through closing.
Prepare transaction analyses, recommendations, and approval materials for senior leadership and investment partners.
Evaluate capital decisions, strategic initiatives, and property-specific challenges across the portfolio.
Analyze renovations, property improvement plans (PIPs), major repairs, and other capital expenditures.
Evaluate franchise agreements, brand conversions, management proposals, and operator transitions.
Support refinancing, debt analysis, valuations, investment cash flows, and capital allocation decisions.
Research and analyze operational, financial, contractual, and strategic issues and present clear recommendations to senior leadership.