Project Manager, Facilities & Asset Management

Project Manager, Facilities & Asset Management

About Suburban Capital

Suburban Capital is a hotel development and asset management firm based in Virginia Beach, Virginia. We develop and own nationally franchised hotels in the Mid-Atlantic and Southeastern United States, with a portfolio that includes Marriott, Hyatt, and Choice brands. The company was founded in 1999 and traces its roots to the Suburban Park Shopping Center in Norfolk, Virginia. After years of investing in industrial, multifamily, retail, and self-storage properties, we merged with Afton Hospitality in 2015 and have since focused solely on hotels.

The Role

The Project Manager, Facilities & Asset Management represents ownership on the physical condition and capital plan of every hotel in our portfolio. The role oversees facilities, building systems, preventative maintenance, renovations, and brand-required property improvement plans (PIPs), providing the connection to each asset’s financial performance and asset management strategy. You will report to the Partner in charge of Asset Management and work closely with our third-party hotel management companies, brands, and contractors.  

Responsibilities

Capital Projects and PIPs

·      Manage PIPs from start to finish; review brand requirements, build scopes and budgets, bid and select contractors, set schedules, and track completion against brand deadlines

·      Work with brands on PIP negotiations, extensions, and quality assurance inspections

·      Manage renovations and capital projects, including bids, contracts, draw approvals, and closeout

·      Build and update multi-year capital expenditure plans for each hotel Facilities

·      Monitor the condition and performance of building systems across the portfolio (HVAC, plumbing, electrical, life safety, roofing, elevators)

·      Collaborate with third-party management companies to set preventative maintenance standards; review reports to confirm compliance

·      Conduct property inspections and condition assessments; report findings with recommended actions

·      Communicate facilities priorities and capital needs to third-party management companies to ensure alignment with ownership’s plans

Qualifications

·      2-3 years of relevant experience, preferably in hotel asset management, commercial property management, capital projects, facilities, construction management, or real estate investment

·      Bachelor’s degree preferred

·      Working knowledge of building systems and maintenance practices

·      Strong analytical skills; proficiency in Microsoft Excel and experience with budgets, capital plans, and financial statements

·      Demonstrated strength in written and verbal communication with internal and external stakeholders

·      Highly organized with the ability to manage multiple projects simultaneously

·      Willingness to travel to properties regularly (approximately 20% travel)

To apply, please send your resume to Liam Burke at [email protected]