Vice President of Acquisitions Development
Vice President of Acquisitions Development
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Salary Not Disclosed
1 Vacancy
Job Description
Overview
Opportunity: Vice President Acquisitions & Development
HHM Hotels is consistently among the fastest growing and most stable management investment and development firms in our sector that provides turnkey management solutions throughout a robust hotel portfolio spanning North America. The portfolio includes worldclass brands in select and full service markets as well as a collection of independent boutique luxury and lifestyle hotels.
We are seeking a Vice President for our Equity Investment Platform responsible for sourcing structuring and acquiring hotel real estate in North America. The position will report to the Chief Investment Officer and be part of an ambitious and resultsdriven team recognized for its success in hotel acquisitions and operations. Over time team members may participate in real estate deal investments for personal wealth creation.
Your Growth Path
Sr. Vice President of Acquisitions & Development Executive Vice President
Your Focus
- Sourcing offmarket investment opportunities through existing network as well as warm and coldcalling owners of hotels
- Coordinating real estate transaction structures including multitiered promote structures mezzanine financing incentive management fees and joint ventures
- Leading the underwriting due diligence and of hotel acquisitions and development opportunities and presenting findings to company executives
- Conducting detailed market and feasibility analyses for new markets portfolios and individual acquisition opportunities
- Developing and maintaining financial models for existing and prospective investments
- Negotiating business term sheets and contracts for management and investment opportunities
- Compiling operating data and research on industry trends and preparing presentations for monthly acquisitions meetings and quarterly presentations to the HHM Investment Committee
- Working closely with other division leaders (Operations Legal Accounting) to develop and achieve 100 day business plans for new hotels develop relationships with key institutional partners
- Perform other duties as requested by management
Your Background and Skills
- Bachelors degree required preferably in Finance Real Estate Business or Hospitality; MBA is a plus but not required
- Minimum 10 years of experience in real estate or hotel acquisitions and development; Investment Banking or Private Equity experience preferred. Minimum 2 years of experience at the Senior Associate or Principal level.
- Deep market knowledge and experience conducting and presenting feasibility studies
- Experience negotiating real estate transactions including operating terms capital structures promoted interests and joint venture documents
- Exceptionally strong Excelbased financial modeling skills as well as proficiency in MS Word and PowerPoint
- Strong analytical problem solving and decisionmaking skills
- Demonstrated track record with external client relationships
- Superior presentation as well as verbal and written communication skills
HHM Hotels Benefits and Perks
- Competitive wages for full time and part time opportunities
- Medical Dental and Vision Health Insurance
- Paid Time Off
- 401k Company Match
- Free Basic Life Insurance
- Travel Discounts
- Commuter Transit and Commuter Parking Benefits
- Employee Assistance and Wellness Program
- Educational/Professional Development
- Referral Bonus Program
Work Environment and Context
- Extended work hours may be required as needed and determined by deal flow
- Occasional travel to managed properties and potential investment properties
What We Believe
People Are Our Capability Hearts That Serve Only Excellence Stay Nimble Own It
About Us
HHM Hotels is proud to be an equalopportunity employer. We do not discriminate on the basis of race color gender gender identity sexual orientation marital status pregnancy national origin ancestry age religion disability veteran status genetic information citizenship status or any other group protected by law.
Required Experience:
Chief
Employment Type
Full-Time
