AETHOS Consulting Group releases the largest study of its kind: 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.
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 dmansbach@aethoscg.com.
AETHOS Consulting Group is a global hospitality advisory firm serving the hotel, restaurant, casino, cruise line, club and travel technology sectors. We enhance value for our partner organizations via access, know-how and fresh thinking. Core competencies include executive search, compensation consulting, organizational development and psychometric assessments. Through strategic joint-ventures, AETHOS also assists clients with logistics, supply chain management and insurance solutions. Structured as a single partnership, AETHOS operates from locations in North America, Europe and Asia Pacific. www.aethoscg.com