Description
Areas of Expertise Forward & Analytical Thinker Asset Management Financial Reporting & Analysis Yield Management Accounting Office Knowledge Strategic Planning & Operations Leadership & Engagement Balance Sheet Management Budget Forecasting Cash Management Talent Recognition Long Term Capital Planning Owner Relations Client Satisfaction & Retention Career Highlights & Qualifications Full-scale asset management and financial direction over mid to large hotel properties in various locations * Administered direction of 338 room complete service privately owned hotel with operating capacity of 70% and an annual budget of $20M and year-over-year (YOY) revenue profits of $5M+. * Facilitated conference and banquet operations resulting in additional $4M in sales. * Achieved budgeted gross operating budget (GOP) 18 years running and maintained 100% market share with evolving market and consistently realizing a hotel record of both short and long-term profitability targets and milestones. * Recognized as "Best in Class - Associate Star Voice" and awarded General Manager of the Year by Maryland Hotel & Lodging Association. * Independently managed capital improvement expenditures over time valued at $25M+ from planning through construction progression. * Awarded "Best in Class" by implementing Diligence Hotel Safety and Security Programs. * Consistently accomplished the Brand Standard for guest experience index (GEI) and Annual Quality Assurance Audit. Financial Management: * Directed and managed all hotel financial operations in alignment with operating procedures, internal controls, brand standards, and regulatory requirements. * Assisted in maximizing room revenue through anticipating market shifts and determined proposal of business and marketing plan strategies in alignment with Global Brand initiatives. * Developed and implemented annual budgets and business plan objectives to meet and exceed expectations and facilitated action plans to address problematic expense related concerns. * Ensured hotel accounting transactions and reporting were accomplished in accordance with company's policies and procedures. * Continuously monitored accounting and financial data for accuracy and made recommendations to improve profitability opportunities. * Reviewed vendor agreements to ensure procurement of top quality products are purchased at optimum pricing to maintain bottom line expenditure goals. * Measured effectiveness of broad-based marketing plans and yield management efforts to enhance the number of market segments needed to diversify sources of revenues. * Developed realistic and attainable strategic business planning that defined operational goals and profitability objectives. * Exponentially improved customer service by re-negotiating union employee job roles and contracts resulting in a decrease in personnel expenses. Asset Management: * Built strong rapport with property owners by instituting proactive and frequent engagements regarding brand initiatives, guest experiences, financial performance, and cash management. * Provided expert decision making in refinancing processes, on-site inspections, and financial reviews with lenders. * Involved in city real estate assessment appeals and purchased commodity futures from energy suppliers. continued Jon Koscher * (410) 382.2836 * jonkoscher21@gmail.com Asset Management (Cont'd) * Ensured adequate controls were installed and maintained for the protection of hotel's financial assets preventing loss or misappropriations. * Developed preventative maintenance programs to protect assets, inspected and evaluated conditions of equipment and inventories, and reported concerns to proper departments. * Collaborated with corporate offices to guarantee assets were tracked accurately. * Solely accountable for daily cash management, payment of debt, capital planning, funding, and design, real estate and property tax management, and oversight of liability insurance. Qualifications Full-scale asset management and financial direction over mid to large hotel properties in various locations * Administered direction of 338 room complete service privately owned hotel with operating capacity of 70% and an annual budget of $20M and year-over-year (YOY) revenue profits of $5M+. * Facilitated conference and banquet operations resulting in additional $4M in sales. * Achieved budgeted gross operating budget (GOP) 18 years running and maintained 100% market share with evolving market and consistently realizing a hotel record of both short and long-term profitability targets and milestones. * Recognized as "Best in Class - Associate Star Voice" and awarded General Manager of the Year by Maryland Hotel & Lodging Association. * Independently managed capital improvement expenditures over time valued at $25M+ from planning through construction progression. * Awarded "Best in Class" by implementing Diligence Hotel Safety and Security Programs. * Consistently accomplished the Brand Standard for guest experience index (GEI) and Annual Quality Assurance Audit. Financial Management: * Directed and managed all hotel financial operations in alignment with operating procedures, internal controls, brand standards, and regulatory requirements. * Assisted in maximizing room revenue through anticipating market shifts and determined proposal of business and marketing plan strategies in alignment with Global Brand initiatives. * Developed and implemented annual budgets and business plan objectives to meet and exceed expectations and facilitated action plans to address problematic expense related concerns. * Ensured hotel accounting transactions and reporting were accomplished in accordance with company's policies and procedures. * Continuously monitored accounting and financial data for accuracy and made recommendations to improve profitability opportunities. * Reviewed vendor agreements to ensure procurement of top quality products are purchased at optimum pricing to maintain bottom line expenditure goals. * Measured effectiveness of broad-based marketing plans and yield management efforts to enhance the number of market segments needed to diversify sources of revenues. * Developed realistic and attainable strategic business planning that defined operational goals and profitability objectives. * Exponentially improved customer service by re-negotiating union employee job roles and contracts resulting in a decrease in personnel expenses. Asset Management: * Built strong rapport with property owners by instituting proactive and frequent engagements regarding brand initiatives, guest experiences, financial performance, and cash management. * Provided expert decision making in refinancing processes, on-site inspections, and financial reviews with lenders. * Involved in city real estate assessment appeals and purchased commodity futures from energy suppliers. continued Jon Koscher * (410) 382.2836 * jonkoscher21@gmail.com Asset Management (Cont'd) * Ensured adequate controls were installed and maintained for the protection of hotel's financial assets preventing loss or misappropriations. * Developed preventative maintenance programs to protect assets, inspected and evaluated conditions of equipment and inventories, and reported concerns to proper departments. * Collaborated with corporate offices to guarantee assets were tracked accurately. * Solely accountable for daily cash management, payment of debt, capital planning, funding, and design, real estate and property tax management, and oversight of liability insurance.
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