Head of Asset Management, Europe in Niedergebra

Position: Head of Asset Management, Europe Company: Limestone Capital Location: Europe (Lisbon, Zug, London, Luxembourg or another Limestone hub), with regular travel across the portfolio Scope: Amethyst Fund I, II and III and related co-investment vehicles; hotels and resorts across Italy, Portugal, Spain, France, the UK, Germany and Switzerland Team: Three Portfolio Managers, each leading a pod with a dedicated asset manager and acquisitions lead, plus analysts Reports to: CEO / Partners of Limestone Capital Limestone Capital is looking for a Head of Asset Management, Europe to take full ownership of its European hospitality portfolio. The portfolio spans the Aethos, Terosa and Crafted brands, together with other hospitality investments and a development and conversion pipeline across Southern, Western and Central Europe, held through the Amethyst fund series with a combined project value in the hundreds of millions of euros. The role takes over the day-to-day leadership of the European Portfolio & Asset Management function from a Partner of the firm. You will lead the three European Portfolio Managers and their pods, own the performance of every asset in the Amethyst funds from acquisition through to exit, and be the single point of accountability for fund-level reporting to the Partners, fund boards and investors. This is the most senior asset management position in Europe at Limestone Capital. It calls for deep knowledge of hotel operations and real estate analytics, hands-on command of fund reporting and valuation processes, credibility with operators, brands, lenders, investors and advisors, and the leadership to take an established regional team to the next level while the firm scales its platform. The Role Position: Head of Asset Management, Europe Company: Limestone Capital Location: Europe (Lisbon, Zug, London, Luxembourg or another Limestone hub), with regular travel across the portfolio Scope: Amethyst Fund I, II and III and related co-investment vehicles; hotels and resorts across Italy, Portugal, Spain, France, the UK, Germany and Switzerland Team: Three Portfolio Managers, each leading a pod with a dedicated asset manager and acquisitions lead, plus analysts Reports to: CEO / Partners of Limestone Capital Limestone Capital is looking for a Head of Asset Management, Europe to take full ownership of its European hospitality portfolio. The portfolio spans the Aethos, Terosa and Crafted brands, together with other hospitality investments and a development and conversion pipeline across Southern, Western and Central Europe, held through the Amethyst fund series with a combined project value in the hundreds of millions of euros. The role takes over the day-to-day leadership of the European Portfolio & Asset Management function from a Partner of the firm. You will lead the three European Portfolio Managers and their pods, own the performance of every asset in the Amethyst funds from acquisition through to exit, and be the single point of accountability for fund-level reporting to the Partners, fund boards and investors. This is the most senior asset management position in Europe at Limestone Capital. It calls for deep knowledge of hotel operations and real estate analytics, hands‑on command of fund reporting and valuation processes, credibility with operators, brands, lenders, investors and advisors, and the leadership to take an established regional team to the next level while the firm scales its platform. Key Responsibilities Leadership of the European Asset Management Function Lead, mentor and develop the three Portfolio Managers and their pods (asset managers, acquisitions leads and analysts), setting clear priorities, standards and performance expectations. Run the PM model: each Portfolio Manager is accountable for the full lifecycle of the assets in their portfolio, from underwriting to exit. Set portfolio allocations, quarterly OKRs and performance reviews for each PM. Own the function’s playbook: reporting cadence, benchmarking, KPIs, business plan templates and best practice shared across brands and markets. Act as the escalation point for the PMs on operator, lender, partner and legal issues, and represent the function in Partner meetings and Investment Committee. Reporting, Valuation and Control Own and control the full reporting cycle for the Amethyst funds: monthly asset performance reviews, quarterly LP reports, annual reports and investor letters, ensuring accuracy, consistency and timely delivery. Own fund- and asset-level cash flow forecasting, distribution analysis, capital call planning and liquidity management together with the Group CFO and fund administrators. Lead the annual and interim valuation process with external valuers and auditors (RFQs, engagement letters, data rooms, assumption reviews, challenge of outputs) and the NAV sign‑off with the fund administrator and AIFM. Prepare decision‑ready materials for the Partners, Investment Committee, fund boards and advisory committees: write‑downs, hold/sell recommendations, refinancing proposals and business plan revisions. Maintain the fund models (waterfalls, IRR/MOIC, carry and cap tables) and ensure every asset business plan reconciles to the fund model. Support investor relations: LP queries, due diligence requests, AGMs and ad hoc investor communications, in coordination with the Partners. Asset Strategy and Operational Oversight Own and evolve the asset strategy and business plan for each European hotel, aligned with fund and owner objectives from acquisition through exit. Hold hotel operators and brands accountable for performance against budgets, management agreements and market benchmarks, including Limestone’s own brands (Aethos, Terosa, Crafted) through the Limestone Hospitality Holding. Conduct regular on‑site visits to assess property condition, service quality, positioning and operational efficiency. Drive revenue management, distribution and cost discipline together with operator teams. Financial Management Own annual budgeting and reforecasting across the European portfolio, and review P&L, cash flow and asset‑level returns monthly. Identify and execute revenue growth, cost optimization and value enhancement initiatives. Oversee capital expenditure planning and delivery, ensuring capex translates into measurable value. Financing Manage lender relationships across multiple European banking markets and ensure compliance with loan covenants and reporting obligations across the portfolio. Lead financing and refinancing of assets together with the Partners and Group CFO, matching structures to each asset’s business plan; run debt advisor and lender selection processes and negotiate term sheets, fee letters and facility agreements. Arrange financing for acquisitions, renovations and development projects. Transactions, Development and Exits Direct the PMs on acquisitions and dispositions: underwriting review, operational due diligence, business plan validation and Investment Committee memos. Lead asset management input on conversions, repositionings, renovations and new openings, from brand selection through to opening, in coordination with the Development team. Prepare assets for exit, run broker selection, manage the sale process and deliver fund distributions. Market Analysis, ESG and Compliance Maintain a current view of demand trends, competitive sets and transaction markets in each European market, and use benchmarking data to challenge operators. Ensure all properties meet ESG standards and regulatory requirements across jurisdictions, including fund‑level ESG reporting obligations. Advance sustainability initiatives that protect and enhance asset value. What Success Looks Like in the First 12 Months Full transition of the European portfolio from the current Partner‑led model: PMs, operators, lenders and advisors see you as the decision‑maker. A reporting, valuation and forecasting cadence for the Amethyst funds that the Partners, fund boards and investors rely on, delivered on time every cycle. A clear asset strategy and business plan in place for every hotel, reconciled to the fund models. Operators held to account, with measurable improvement in revenue, GOP and guest experience. Exits, refinancings and acquisitions in progress delivered to plan, with Investment Committee materials of institutional quality. A motivated, well‑organized team with clear ownership by PM and asset, and a pipeline of talent within the pods. Qualifications and Experience Master’s degree in hospitality, business, finance or a related field. 12+ years of experience in hotel asset management, hospitality real estate private equity or hotel operations, including senior leadership roles with multi‑country European scope. Direct experience owning fund‑level reporting and valuation processes for institutional investors (LP reports, NAV, valuers, auditors, fund administrators). Strong knowledge of hotel management agreements, owner‑operator dynamics, financial structures and market analysis. Hands‑on experience with hotel financing, loan covenants and refinancing in at least two European lending markets. Experience negotiating and managing HMAs, leases, SPAs and shareholder agreements, working alongside in‑house or external counsel. Experience selecting and managing operators, brands and third‑party vendors. A track record of leading and building high‑performing teams and of managing senior, autonomous professionals. Proven value creation across budgets, capex programs, repositionings, openings and exits. Credibility with owners, operators, brands, lenders, investors and advisors. Fluency in English; Italian, Portuguese, Spanish, German or French strongly preferred. Willingness to travel regularly across the portfolio. Entrepreneurial experience preferred. Key Skills and Capabilities Fund reporting and investor relations: ability to write and present LP‑grade reports, investor letters and Investment Committee memos. Financial modelling: fund waterfalls, carry, cap tables, IRR/MOIC analysis, asset‑level DCF and hotel P&L modelling (USALI). Valuation: working knowledge of hotel valuation methodologies and of the external valuation and audit process #J-18808-Ljbffr