Patrick Mcwilliams Email & Phone Number

-Director of AM overseeing 13 properties totaling 1600 units and assisting with 5 additional properties totaling 850 units. Additional responsibility stemming from a 15% company revenue increase YoY-Head of owner relations for all managed properties working closely with 15 different ownership groups-Lead the annual property and capex budget process, identifying capital needs and managing it to the capital reserve-Oversee all aspects of external reporting, monthly ownership performance presentations and executive summaries-Work daily with C-suite executives to identify unit growth and NOI improvement opportunities

-Lead or co-lead asset management for 12 properties totaling 1500 units-Hands on in all aspects of revenue management, operations, owner relations, finance and contract negotiations of each asset-Actively collaborated with acquisition team in the underwriting and development of new acquisitions

-Developed a forecast tool which provides monthly accurate updates to various hotel and apartment KPIs which is shared with the executive leadership team-Created a valuation model which provides updated valuation metrics used for internal and board reporting-Lead the budget development and asset management of a new 160 unit dual zoned hotel and apartment building in Washington DC

Bethesda, Md, Us

- Primary financial contact for 23 owners and 73 Marriott hotels across the United States. Responsible for financial support during property transactions, owner financial understanding of property income statement and liaison between properties and owners for above property financial metrics (FF&E, Insurance, Real Estate tax, Capex,etc)- Ensure all managed by Marriott select service properties are in compliance with the management agreement set forth between owner and manager, and work with owners to draft and implement any side letters or amendments to said management agreement- Help lead the annual budget process for 300 managed by Marriott select service hotels. Includes budget tool development and testing, providing budgeting guidance, working with owners and hotels to agree and execute yearly budgets. - Aid in the yearly Capital Expenditure process. Work with continent teams to develop yearly guidelines to ensure brand standards are kept, guest satisfaction is increased, and ROI is evident. Lead calls with over 300 hotels detailing the Capex guidelines. Work with owners to align funding for approved Capex project and aid in maintaining the accounting for these projects as they progress. - Financially model content summarizing monthly financial results for hotel ownership groups. All metrics flowing down to ebitda and subsequent owner distribution amounts

Bethesda, Md, Us

- Dictate revenue and pricing strategy for 12 hotels totaling 1300 hotel rooms and $44 million worth of revenue- Developed plan to be the rate and occupancy leader of the market by monitoring hotel competitor set results- Improved portfolio profitability by 2.3% YoY by leading weekly strategy calls with hotel general managers and leadership team- Created individualized revenue strategies specific to each hotel to drive top line growth in both room nights sold and average daily rate

Bethesda, Md, Us

- Managed a diverse front office team of 40 associates from 14 different countries increasing associate engagement scores by 5% YoY- Oversaw the check in, bell services, call center, bellman and doorman efforts in a 1,996 room hotel with 500k+ feet of meeting space and total revenue of $268 million for 2017- In charge of calculating labor costs for over 100 associates in the front office saving the property over $50k in labor- Maintained and prepared the profit and loss statement of the $120 million rooms division- Developed and formulated an upgrade program which brought in over $775k of incremental revenue for 2017

Bethesda, Md, Us

- Front Desk Manager at Gaylord National Resort and Convention Center- Manager in Training at Residence Inn Pentagon City- Operations Intern at Marriott Minneapolis City Center

Chicago, Illinois, Us

-Studied Community Development in Nicaragua -Enacted hands-on research through conducting interviews with both American and Nicaraguan government officials

Master Of Business Administration - Mba, Real Estate | Finance

Bachelor Of Arts (Ba), Sociology And Anthropology With Management Concentration