As senior director of asset management for The Chartres Lodging Group, Wedel leads asset management efforts for a portfolio of five hotels with approximately 1,500 rooms among them. “I’m the day-to-day point of contact between ownership and each hotel's management team,” he said. “In my role, I oversee the operational business of each hotel and execute on the business plan for each hotel’s investment by maximizing cash flow and value. I conduct weekly revenue management calls with each property to provide direction on pricing and revenue/sales initiatives. I also conduct weekly update calls with each property team to discuss any ongoing or future capital projects, cost containment initiatives, and general operational action plans.”
Tell us about your experience in hospitality before now, and what made you choose hospitality as a career?
I grew up working in my family’s restaurant on Long Island and gained a passion for the industry through that experience, so the natural progression was for me to major in hotel administration in college. I graduated from Cornell’s Hotel School in 2012; during my time at Cornell I gravitated toward the real estate and finance aspect of the hospitality industry. During my time spent working in my family’s restaurant, I enjoyed the service aspect of the restaurant and learning every position from cook to waiter to host, but what really intrigued me about the hospitality industry was its entrepreneurial nature. At Chartres Lodging, employees are able to invest in each hotel acquisition, so the entrepreneurial side of the business that attracted me to the hospitality industry is brought to life every day.