Director, Asset Management (Hospitality)

The Director, Hospitality Asset Management for District Wharf Properties (DWP) is responsible for the strategic oversight, financial performance, and operational excellence of the hotel portfolio within The District Wharf ("The Wharf"), a 3.3M SF mixed‑use development located along the Potomac River in Southwest D.C.

This individual will be responsible for maximizing asset profitability and long‑term valuation for a portfolio of four upscale, upper‑upscale, and luxury hotels. Reporting to the Senior Vice President of Investment Management, the Director will serve as the primary Owner’s Representative, ensuring that third‑party operators align with DWP’s high standards for guest experience, bottom‑line performance, and the integrated programming of uses across the neighborhood.

This role offers a unique opportunity to oversee a premier hotel portfolio while broadening your investment expertise across a world‑class mixed‑use platform. DWP is committed to professional growth, providing the Director with direct exposure to and the opportunity to master other asset classes including retail, office, multifamily, garage and marina operations.

RESPONSIBILITIES:

Financial and Operational Performance

• Drive top‑line revenue and GOP growth across the hotel portfolio by partnering closely with operating teams and senior leadership to create & execute business plans.
• Analyze weekly and monthly financial results, identify performance variances, and collaborate with operators to execute corrective action plans.
• Critically evaluate Food and Beverage operations, to maximize flow‑through, concept viability, and non‑rooms revenue.
• Analyze and interpret STR (Smith Travel Research) reports and other Business Intelligence data provided by management companies to monitor competitive set positioning, market share, and RevPAR penetration.

Strategy and Capital Management

• Serve as the hospitality subject matter expert by tracking local supply pipelines, macroeconomic trends, and legislative changes affecting the DC tourism market.
• Produce monthly and quarterly performance reporting for Senior Leadership and the Board, providing clear narratives on portfolio health and strategic initiatives.
• Strategically lead the annual operating budget and multi‑year capital planning process, prioritizing ROI opportunities that drive bottom‑line growth and property valuation.
• Orchestrate the Property Improvement Plan (PIP) process and large‑scale refurbishments to ensure brand alignment while seeking ways to enhance competitive positioning and minimize revenue displacement during construction.
• Support underwriting and due diligence for potential transactions and assist in debt‑compliance reporting and future financing activities.
• Conduct ad hoc reporting and financial modeling to support strategic decision‑making, ownership requests, and market‑specific deep dives.

Relationship and Stakeholder Management

• Serve as the primary point of contact for third‑party management companies and global brands, holding partners accountable for labor efficiency and guest satisfaction.
• Lead or assist in the negotiation of management agreements, franchise agreements, and vendor contracts.
• Work alongside DWP’s retail and office teams to ensure the hotel portfolio contributes to and benefits from the wider Wharf ecosystem by maximizing value through the strategic programming of shared spaces and amenities.

EDUCATION, EXPERIENCE AND SKILLS REQUIRED:

• Minimum seven (7) years of progressive experience in hotel asset management, acquisitions, development, or operations. Experience with luxury or upper‑upscale brands is highly preferred.
• Bachelor’s degree in Hospitality Management, Finance, Real Estate, or a related field. MBA or professional certification is a plus.
• Comprehensive understanding of hospitality‑specific metrics and concepts (e.g., RevPAR, Segmentation, GOP, and EBITDA).
• Mastery of financial modeling and investment analysis, including DCF, IRR, and NPV.
• Experience in capital markets work, including a solid understanding of debt and equity structures, financing execution, etc.
• Exceptional verbal and written skills with the ability to present complex financial data clearly to ownership.
• Expert‑level proficiency in Microsoft Excel; Argus Enterprise experience a plus.
• Proven ability to lead third‑party operators and influence senior‑level stakeholders.
• Understanding of REIT & TRS structures.

ABOUT THE COMPANY:

District Wharf Properties (DWP) is the investment manager and operator of The Wharf, a globally recognized, mixed‑use neighborhood encompassing 3.3 million square feet of development along a mile of waterfront in Washington, DC. DWP is an industry leader in the management, leasing, and financing of complex mixed‑use properties, as well as the operations, placemaking and programming of community spaces. Led by DWP, The Wharf commands some of the highest commercial and residential rents in the region, hosts more than 100 events per year, and attracts 8 million visits annually.

Physical Demands:

Standing:20%

Walking:20%

COMPENSATION:

Salary Range: $150,000 – $160,000 per year

Additional Compensation: This position is eligible for an annual target bonus of 25% based on individual and portfolio performance.

BENEFITS:

District Wharf Properties offers medical, dental, vision, flexible spending accounts (health care and dependent care), health savings account, life, accidental death and dismemberment, short‑term disability, long‑term disability, retirement, employee assistance program, vacation, sick, and personal paid time off.

Application Process:

To apply, please submit your resume and any relevant information about your candidacy to " " Please include the job title “Director - Asset Management” in the subject line of your email.

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