VP, F&B Asset Management

Department: Asset Management Reports to: SVP, Asset Management

Location:

Chicago, IL or Nashville, TN This role will be performed onsite in the Chicago or Nashville office and requires property-side travel that can exceed 50% during opening and transition windows. Remote work considered for the right candidate outside these markets. Adventurous Journeys Capital Partners (“AJCP”) is seeking a Vice President, F&B Asset Management to lead food and beverage as a portfolio discipline across its hospitality assets, including operator relationships, opening and transition execution, reconcept oversight, and ongoing F&B performance management across Graduate Hotels, independent properties, and joint venture restaurants.

ABOUT AJCP Adventurous Journeys (“AJCP”) Capital Partners is a vertically integrated real estate investment manager founded in 2008. The firm repositions real estate to build timeless, scalable businesses and brand platforms. We deliver returns on transformative real estate by applying placemaking, inspired design, and hospitality principles to spaces overlooked or undervalued by traditional investment firms. The firm’s current portfolio includes $5.9 billion of assets across 100+ properties and 50+ geographic markets.

With a mission to humanize hospitality through handcrafted projects made by people for people, AJCP delivers spaces that evoke emotional connections and become backdrops for enriching life experiences. Our headquarters are in Nashville, with offices in Chicago, London, and Miami. For more information on AJCP, please visit www.ajcpt.com.

ABOUT THE ROLE

The Vice President, F&B Asset Management will own food and beverage as a portfolio discipline across AJCP’s hospitality assets. You’ll lead opening and transition execution, reconcept design, and ongoing F&B performance management. You’ll work directly with third-party restaurant operators as a peer counterparty representing ownership interests. AJCP has seven distinct third-party restaurant operating groups, along with outlets run by the properties’ hotel management companies.

Expect operator transitions, handoffs, and new relationships as the portfolio evolves. This is a strategic, principal-side role, close to the operators and the assets. You’ll be on-property during opening windows, transition periods, and post-opening refinement phases. As the portfolio evolves, this role will partner with senior AJCP leadership on F&B-related capital decisions, brand and concept strategy, and the integration of restaurant outlets within our lifestyle hospitality platform.

WHAT YOU WILL DO

• Operator & Hotel Manager Relationships Serve as ownership’s primary point of contact with restaurant operators across the portfolio.
• Engage hotel management companies as F&B counterparties where outlets are hotel-operated, covering performance oversight, reconcept participation, and interim operating support during transitions.
• Participate in commercial negotiations on lease terms, management agreements, joint venture structures, and operator handoffs.
• Build and maintain operator relationships beyond the current roster to support future portfolio activity.
• Hold operators accountable for opening readiness, performance commitments, and contractual obligations.
• Openings & Transitions Lead opening execution for new F&B concepts across the portfolio.
• Manage operator transitions.
• Ensure operators meet critical deadlines.
• Provide insight on operational efficiencies throughout the transition.
• Provide post-opening refinement and stabilization oversight.
• Reconcept & Capital Strategy Identify reconcept opportunities and develop investment cases for capital allocation.
• Partner with hotel management companies on F&B renovation and reconcept execution where outlets operate under the hotel management agreement, including scope definition, construction phasing, interim operating plans, staffing ramp, and reopening readiness.
• Review and challenge opening pro formas, reconcept budgets, and transition expense estimates.
• Partner with Investments, Asset Management, and internal design and construction teams on F&B input into acquisitions, dispositions, and major capital projects.
• Performance Oversight Review F&B P&L performance across the portfolio; identify variance drivers and corrective actions.
• Establish F&B benchmarking, KPIs, and reporting standards in coordination with Hospitality Finance.
• Partner with operator leadership on performance improvement plans.
• Strategic & Cross-Functional Develop and maintain AJCP’s F&B strategy framework across brands and concepts.
• Represent F&B in portfolio-level discussions with the senior leadership team.
• Participate in and influence F&B concept direction across the Marine & Lawn Hotel collection, including concept development, outlet positioning, and reconcept input, working alongside the brand’s senior leadership.
• This is consultative influence rather than day-to-day operational oversight.
• Provide F&B input into underwriting and due diligence for prospective acquisitions.
• Partner closely with operations-side Asset Management leadership and build bridges across departments (operations, finance, design, marketing, and external operators) to ensure F&B execution is integrated with whole-property objectives.