Hotel Asset Management
Compensation Report
Kingsley Gate highlights key findings from its newly minted report covering asset management compensation trends for the hotel asset management community

WHY

This study is designed to provide current and credible compensation trends for the hotel asset management community allowing owners to attract and retain talent. Participants are from public lodging REIT’s, private equity groups, investment management companies, owner/ operators, and third-party asset management companies

All data submitted is treated as highly confidential and only aggregate results are reported – individual data will not be disclosed under any circumstances

TOPICS COVERED

This report reveals trends on:
Base salary
Annual cash bonus
Long-term incentive/ equity
Job title
Property oversight responsibility
192 participants are included in the study, and all data were submitted between June–August 2022

VICE PRESIDENT ASSET MANAGEMENT FINDINGS

$275,000
Base salary
$136,500
Annual bonus Payout
60%
receive long term incentive/ equity grants
32%
target bonus
as a (%) of
base salary
10 assets
reported property oversight
Base salary and annual bonus payout is based on our 75th percentile findings. Other data is at the peer group median

DIRECTOR ASSET MANAGEMENT FINDINGS

$180,000
Base salary
$75,000
Annual bonus Payout
61%
receive long term incentive/ equity grants
30%
target bonus
as a (%) of
base salary
8 assets
reported property oversight
Base salary and annual bonus payout is based on our 75th percentile findings. Other data is at the peer group median

JOB TITLE INTERPRETATION

The job titles we use in our study do not correlate to each survey participant’s reported job title. We carefully reviewed the work history of each respondent and positioned them in this report based on the following:

Vice President Asset Management; 6+ years of asset management experience with direct oversight of 5+ full-service properties; while vice president asset management was the most common title reported, there were others (i.e. senior vice president and senior director)

Director Asset Management; 2-5 years of asset management experience with direct oversight of 3+ full-service properties; while director asset management was the most common title reported, there were others (i.e. vice president and senior director)

Author and Advisor

David Mansbach is a Senior Partner with Kingsley Gate. Leading the global leisure and hospitality practice, he has more than two decades of experience partnering with clients and has led engagements in the areas of executive recruitment, compensation consulting, and business strategy & implementation.

David is also qualified as a Certified Compensation Professional (CCP) and is a frequent speaker at industry conferences and has written more than 100 thought pieces addressing trends around talent acquisition and compensation strategy.

Other key contributors to this report include leisure and hospitality team members; Elizabeth McHeffey, Director, and Ryan Gohmann, Research Associate.

David can be reached at [email protected]

WHY

This study is designed to provide current and credible compensation trends for the hotel asset management community allowing owners to attract and retain talent. Participants are from public lodging REIT’s, private equity groups, investment management companies, owner/ operators, and third-party asset management companies

All data submitted is treated as highly confidential and only aggregate results are reported – individual data will not be disclosed under any circumstances

TOPICS COVERED

This report reveals trends on:
Base salary
Annual cash bonus
Long-term
incentive/ equity
Job title
Property oversight responsibility
192 participants are included in the study, and all data were submitted between June–August 2022

VICE PRESIDENT ASSET MANAGEMENT FINDINGS


$275,000
Base salary
$136,500
Annual bonus Payout
60%
receive long term incentive/ equity grants
32%
target bonus as a (%) of base salary
10 assets
reported property oversight
Base salary and annual bonus payout is based on our 75th percentile findings. Other data is at the peer group median

DIRECTOR ASSET MANAGEMENT FINDINGS


$180,000
Base salary
$75,500
Annual bonus Payout
61%
receive long term incentive/ equity grants
30%
target bonus as a (%) of base salary
8 assets
reported property oversight
Base salary and annual bonus payout is based on our 75th percentile findings. Other data is at the peer group median

JOB TITLE INTERPRETATION

The job titles we use in our study do not correlate to each survey participant’s reported job title. We carefully reviewed the work history of each respondent and positioned them in this report based on the following:

Vice President Asset Management; 6+ years of asset management experience with direct oversight of 5+ full-service properties; while vice president asset management was the most common title reported, there were others (i.e. senior vice president and senior director)

Director Asset Management; 2-5 years of asset management experience with direct oversight of 3+ full-service properties; while director asset management was the most common title reported, there were others (i.e. vice president and senior director)

Author and Advisor

David Mansbach is a Senior Partner with Kingsley Gate. Leading the global leisure and hospitality practice, he has more than two decades of experience partnering with clients and has led engagements in the areas of executive recruitment, compensation consulting, and business strategy & implementation.

David is also qualified as a Certified Compensation Professional (CCP) and is a frequent speaker at industry conferences and has written more than 100 thought pieces addressing trends around talent acquisition and compensation strategy.

Other key contributors to this report include leisure and hospitality team members; Elizabeth McHeffey, Director, and Ryan Gohmann, Research Associate.

David can be reached at [email protected]