Timothy Cannon

Timothy Cannon Email and Phone Number

Vice President, Asset Management at Host Hotels & Resorts @ Host Hotels & Resorts
Washington, DC, US
Timothy Cannon's Location
Washington DC-Baltimore Area, United States, United States
Timothy Cannon's Contact Details

Timothy Cannon work email

Timothy Cannon personal email

About Timothy Cannon

Timothy Cannon is a Vice President, Asset Management at Host Hotels & Resorts at Host Hotels & Resorts. He possess expertise in forecasting, leadership, financial analysis, training, accounting and 18 more skills. Colleagues describe him as "Timothy did a great job working as the Assistant Director of Finance at the Boston Marriott Quincy. He was able to quickly learn and perform all aspects of his job and he helped lead the team to very high marks in our internal audit process." and "Tim was great to work with during his MDP at the Renaissance Boston Waterfront. He immediately demonstrated great potential and enthusiasm and quickly learned all of the various Marriott financial processes and systems. Tim was always willing to put in extra effort to be sure he understood all of the functions of the hotel and accounting department."

Timothy Cannon's Current Company Details
Host Hotels & Resorts

Host Hotels & Resorts

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Vice President, Asset Management at Host Hotels & Resorts
Washington, DC, US
Website:
hosthotels.com
Employees:
342
Timothy Cannon Work Experience Details
  • Host Hotels & Resorts
    Host Hotels & Resorts
    Washington, Dc, Us
  • Host Hotels & Resorts
    Vice President, Asset Management
    Host Hotels & Resorts Apr 2018 - Present
    Bethesda, Maryland, Us
    Oversee a portfolio of 9 full-service, luxury and resort assets totaling over 4,200 rooms, annual revenue of $650M and EBITDA of over $220M.Develop and implement short and long-term strategies, designed to sustain or improve the value of the portfolio through cash flow and long-term asset value enhancement initiatives. Explore and underwrite property level ROI opportunities in conjunction with strategy.Partner with management companies’ regional leadership and property leadership teams to realize operating goals and maximize the company’s return on investment. Build good relationships at the property and market level by traveling to the property and spending time in market.Partner with Host’s internal design and construction team, third party contractors and property teams to ensure capital projects are properly scoped, approved, completed on time and within budget.Responsible for supporting both internal and external counsel, accountants, appraisers and other consultants in property specific issues that regularly occur. Ensure that property specific compliance requirements are completed including accounting and quarterly reporting of financial statements, requirements of ground lessors, third-party lender requirements, settlement agreements, local taxing and zoning authorities.
  • Host Hotels & Resorts
    Sr. Manager, Global Business Intelligence
    Host Hotels & Resorts Dec 2014 - Mar 2018
    Bethesda, Maryland, Us
    Performed detailed on-property analyses to identify potential operational, labor and revenue opportunities. Coordinated with asset managers and property teams to implement recommendations. Analyses identified over $3M in potential profit improvements.Analyzed portfolio financial performance and communicated operational results to senior management. Provided all GOP related commentary for quarterly earnings calls.Reviewed potential acquisitions or third party management conversions and benchmarked target hotel to estimate potential profit improvements and/or validate underwriting. Established and monitored key performance indicators for each asset within the portfolio and worked with asset managers and property teams to drive incremental profit improvements. Built comprehensive dashboard to identify savings opportunity via increasing contract labor within the portfolio. Contract labor as a percentage of total hours increased 290 basis points with net wage and benefit saving ranging from $4 -$8 per hour.Performed ad hoc analysis related to strategic projects.
  • Marriott International
    Sr. Assistant Director Of Finance
    Marriott International Mar 2013 - Nov 2014
    Bethesda, Md, Us
    Finance and accounting department head for 1,144 room downtown hotel with annual revenue in excess of $109M.Built and managed operating budget and forecast for entire property. Worked collaboratively across all disciplines and departments to deliver on goals and successfully manage expenditures. Hotel exceeded 2013 budgeted operating profit margin by 0.9 points. Ensured accuracy of profit and loss statement and balance sheet as well as crafted and presented monthly and quarterly financial critiques to regional leaders and hotel ownership.Oversaw accounts payable, accounts receivable, payroll, income journal, general cashiering and managed seven full time associates.
  • Marriott International
    Sr. Business Analyst
    Marriott International Jan 2012 - Mar 2013
    Bethesda, Md, Us
    Supported 72 Full Service and Ritz-Carlton hotels with operating and capital expenditure budgets, forecasting, benchmarking, profit improvement and ad hoc analysis.Developed tools to highlight key financial metrics and track regional initiatives. Improved reporting reduced time required for senior leadership to identify issues and trends within respective portfolios.Member of conversion team responsible for leading and training accounting management and staff through implementation of Marriott systems and processes. Successfully transitioned both the historic Essex House Hotel and the 2,000 room Gaylord National Resort.
  • Marriott International
    Business Analyst
    Marriott International Nov 2010 - Dec 2011
    Bethesda, Md, Us
    Supported 148 Select Service and Extended Stay hotels with operating and capital expenditure budgets, forecasting, benchmarking, and company/region/brand initiatives.Championed expenditure tracking and productivity tools, trained internal stakeholders through seven classes of 12-80 attendees each and ultimately aided in operating cost reductions and increased productivity across portfolio.Partnered with development, architecture and construction, and operations leaders to develop pro forma analyses for new property developments within region.Led food and beverage profit improvement test with six Courtyard hotels over four months to determine optimal operating schedule for new outlet concept. Results were published for corporate use across the brand.
  • Marriott International
    Assistant Director Of Finance
    Marriott International Oct 2009 - Nov 2010
    Bethesda, Md, Us
    Reconciled balance sheet accounts on a period basis and prepared quarterly assessment for regional office as well as performed period close tasks and made all corrections and adjustments to financial statement.Prepared owner communications, financial review summary and processed payments for taxes, rent, insurance and intercompany funding.Managed associates responsible for property accounting functions and achieved all key performance goals during associate turnover. Interviewed, hired and trained new AR associate.Conducted annual, quarterly and periodic control audits and achieved a score of 95% on annual Summary Risk Assessment, a four point increase from previous year.Nominated Leader of the Quarter.
  • Marriott International
    Management Development Program
    Marriott International Aug 2009 - Oct 2009
    Bethesda, Md, Us
    Completed 10 week intensive training program with available reference materials and job experts in order to attain fundamental understanding of accounting function as well as total hotel operations.
  • Boston Symphony Orchestra
    Staff Accountant, Event Services
    Boston Symphony Orchestra Jun 2005 - Sep 2008
    Boston, Ma, Us
    Prepared event billings and reimbursements, processed invoices and payments, created payroll and gratuity reports, monitored safe fund and distribution of petty cash, and participated in weekly and annual financial meetings with senior leadership.

Timothy Cannon Skills

Forecasting Leadership Financial Analysis Training Accounting Hospitality Management Hospitality Industry Budgets Management Capital Budgeting Team Leadership Hotel Management Financial Reporting Microsoft Excel Hotels Revenue Analysis Hospitality Finance Hospitality Consulting Benchmarking Operating Budgets Balance Sheet Financial Statement Analysis Change Management

Timothy Cannon Education Details

  • Bentley University
    Bentley University
    Economics/Finance
  • Lorenzo De'Medici Institute
    Lorenzo De'Medici Institute
    Italy

Frequently Asked Questions about Timothy Cannon

What company does Timothy Cannon work for?

Timothy Cannon works for Host Hotels & Resorts

What is Timothy Cannon's role at the current company?

Timothy Cannon's current role is Vice President, Asset Management at Host Hotels & Resorts.

What is Timothy Cannon's email address?

Timothy Cannon's email address is ti****@****ail.com

What is Timothy Cannon's direct phone number?

Timothy Cannon's direct phone number is +124074*****

What schools did Timothy Cannon attend?

Timothy Cannon attended Bentley University, Lorenzo De'medici Institute.

What are some of Timothy Cannon's interests?

Timothy Cannon has interest in Education, Children.

What skills is Timothy Cannon known for?

Timothy Cannon has skills like Forecasting, Leadership, Financial Analysis, Training, Accounting, Hospitality Management, Hospitality Industry, Budgets, Management, Capital Budgeting, Team Leadership, Hotel Management.

Who are Timothy Cannon's colleagues?

Timothy Cannon's colleagues are Nacy Nacy, Sarah Johnson, Mahi Mahi, Nagi Sidisow, Jay Broadus, Tuwanna Mcbride, Mesfin Mesfin.

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