COMMONWEALTH HOTELS Vice President Operations Salary in the United States

How much does an Vice President Operations make at companies like COMMONWEALTH HOTELS in the United States? The average salary for Vice President Operations at companies like COMMONWEALTH HOTELS in the United States is $68,933 as of March 26, 2024, but the range typically falls between $60,814 and $77,053. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities2

About COMMONWEALTH HOTELS

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What does an Vice President Operations do at companies like COMMONWEALTH HOTELS?

Who this job will appeal to

Hospitality Operations Superstars/Super Heroes-You have excelled in your craft, overcome challenging opportunities and continue to excel-Special projects, transitions and openings excite you-You are a master at providing immediate impact to all your areas of responsibility, great communicator, leader of teams, strategic in approach and hands on in style . 

Why you will enjoy this job

The VP, Operations is a critical member of the Leadership team and is responsible for leading the execution of the total hotel operations strategy that will enable the company to achieve designated excellence. This position will aim to maximize growth and profitability while leading and managing all company operations functions.  This includes implementing potentially profitable short and long-term programs and processes to optimize workflow.   This position will oversee the Operational Team and provide support and resources, both in person and remotely.  Initially this person would have oversight of efforts within special projects, openings, and transitions.

The position will assist with growing the company and will be an integral part in setting the tone for the total hotel operations efforts, ensuring that Commonwealth Hotels is an innovative, results focused, and talent driven company. This position will require 80% travel.

The ideal candidate for this position

  • Minimum 5 years’ experience in a multi-unit, multi-location hospitality company with a minimum of 5 years General Managers experience including a proven track record of growth and profitability.
  • Hotel operations experience, specifically with upscale products targeted to the meeting, business transient, and leisure markets would be a plus. In addition to operations experience, experience in sales/marketing or accounting/finance would be helpful. A good balance between experience in a sophisticated “flag/chain” environment and an independent hotel/resort environment is preferred.
  • Strong knowledge of hospitality operations development theory and methods and the ability to communicate them effectively to others within the organization. Maximize the potential of the organization by introducing innovative concepts and holding teams accountable for the delivery on a property-level of customized, best-in-class solutions.
  • Experience in developing and implementing appropriate systems for measuring critical aspects of operational management and development, including its impact on profit and revenue outcomes.
  • Leadership skills including coaching, mentoring, feedback, and training.
  • Critical thinker and decision maker.
  • Strength in influencing people with new ways of thinking to commit and accept responsibility for actions combined with the patience to listen and respond.
  • This executive will be an entrepreneurial and inspirational leader – someone who combines vision and urgency for the company.
  • The individual must possess the following knowledge, skills and abilities and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation.

What you will be doing

  • Review and approve plans to control budget spending, labor efficiency, new areas of technology and customer service efficiency.
  • Review performance against operating plans, analyze market conditions and approve changes in plan directions.
  • Guide the Operations and Sales Teams by interpreting polices, goals and purposes of the organization for team and conducting performance reviews.
  • Plan specific strategies and formulate polices so that company goals and objectives are met.
  • Oversight of all financial aspects of each hotel: P & L, Forecasting and Budgeting.
  • Ensure operational excellence for all hotels; provides support, critique and guidance to the Operational Team when hotels are falling short of brand standards and/or company expectations.
  • Select, develop, manage, and lead operational management team members.
  • Act as a role model and provide guidance on company culture, including vision, mission and values. Emulate “Whatever It Takes” culture at all times.
  • Guide, develop and implement policies, procedure, and systems to improve business operations.
  • Provide leadership relative to annual marketing plans.
  • Ongoing communication with the Operational Team and GM’s.
  • Review status reports with the Operational Team & GM’s and assist in areas where needed.
  • Review P & L with General Managers and Controller.
  • Review monthly sales reports with Regional Field Directors of Sales & Marketing.
  • Mentor, guide, train, and coach.
  • Approve Ops Team expense reports.
  • Approve PTO requests.
  • Complete Ops Team Annual reviews with input from others.
  • Direct programs pertinent to increasing quality and profits.
  • Communicates effectively to COO on all pertinent issues.

Commonwealth Hotels, LLC., has been a very successful hotel management company since its inception in 1987. Our award-winning hotels are models of brand standard, and our people are “best in class”. Our strategic business plan calls for the addition of a Vice President, Operations position, with incumbents located throughout the United States based on acquisition and development. As we have a solid track record with Marriott, Hyatt and Hilton brands, individuals with experiences from them are highly valued. As our brands portfolio continues to grow we are looking for leaders who are adaptable, energetic and impactful. 

Follow us on LinkedIn or visit us at: https://www.commonwealthhotels.com/

Source: Hospitality Online

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$60,814 Low Average $68,933 High $77,053

Understand the total compensation opportunity for Vice President Operations at companies like COMMONWEALTH HOTELS, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$60,814
$77,053
$68,933
The chart shows total cash compensation for the COMMONWEALTH HOTELS Vice President Operations in the United States, which includes base, and annual incentives can vary anywhere from $60,814 to $77,053 with an average total cash compensation of $68,933. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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