April 2, 2018 – With survey results of more than 200 responses from asset management executives at public lodging REITS, owners and developers, asset management advisory firms and hotel management companies; AETHOS Consulting Group releases the largest study of its kind: The Hotel Asset Management Compensation Report.
According to AETHOS Managing Director David Mansbach, author of the study, “The hotel industry is at an inflection point; the current industry cycle calls for flawless execution on asset preservation initiatives, Yet the supply of high performing asset management executives is at an all-time low.”
Mansbach adds that it is not hard to understand why AETHOS received a significant survey response, “The hotel community, both employer and employee, are looking for real-time, accurate and trustworthy data to ensure compensation programs for asset management executives are positioned competitively.”
The Hotel Asset Management Compensation Report includes the following notable findings:
- The median base salary for a Director Asset Management – $156,000;
- The median cash bonus for a Vice President Asset Management – $72,500:
- The total cash compensation (combined base salary plus annual cash bonus) for a Senior Vice President of Asset Management – $587,500;
- And over 75% of the survey respondents receive long-term incentives and/or equity-based compensation.
For more details about the findings of AETHOS’ Hotel Asset Management Compensation Report, contact David Mansbach at [email protected].