Director of Development, Caribbean
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Job Location:
Plantation, FL - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
BUSINESS CONTEXT
The addition of new hotels is one of the principal drivers of Marriotts earnings growth strategy and an important element in maintaining and advancing the quality and brand equity of Marriotts Lodging System. The companys unit growth strategy focuses primarily on acquisition of management contracts and licensing of our hotel brands to third party owner-operators under franchise agreements. This position performs a central critical role in identifying structuring deals and successfully closing on opportunities for new hotels and building win-win relationships with new and existing hotel owners and franchisees.
SPECIFIC JOB SUMMARY
Reporting to the Vice President Development Caribbean the Director of Development Caribbean will be responsible for the development through franchise and management agreements for all Marriott hotel brands throughout the Caribbean.
The Director of Development Caribbean identifies and pursues new business opportunities and coordinates a multidisciplinary team involved in the review approval and finalization of contracts for new hotels. Success in the position demands a driving focus on creation of shareholders value and earnings as well as a passion to champion new business opportunities that build brand equity and help drive customer preference.
SPECIFIC EXPECTED CONTRIBUTIONS
Review and analyze potential hotel conversion new build or acquisition opportunities for integration into the Marriott systems.
Coordinate all aspects of the development process internal to Marriott International including site inspections by brand market management and technical services representatives requesting feasibility studies and pro forma valuations and presenting the opportunity for approval by the appropriate Marriott committees.
In tandem with Marriotts Law Department negotiate terms and conditions of management agreements purchase joint venture franchise or other agreements with owner/owners representatives. Ensure that agreement terms and conditions are acceptable to Marriott operating and staff executives.
Partner with Marriotts Treasury Department to maximize returns on Marriott International investment in hotel projects.
As needed assist owners to identify and tap sources of financing for hotel acquisition or construction including Marriott sponsored financing programs.
As required attend public hearings and meetings with regulatory agency officials to secure site plan engineering and other approvals necessary for the projects successful development.
Regular travels to the Caribbean region and performs other duties as appropriate.
CANDIDATE PROFILE
The successful candidate should possess the following attributes:
Ability to effectively manage a multi-disciplined cross-functional team;
Ability to work independently with minimal direction;
Highly analytical; ability to master macro issues as well as critical details;
Highly organized and detail oriented;
Strong influencing skills with excellent verbal and written communication abilities;
Strong interpersonal skills; ability to interact effectively with senior management business partners government officials.
A minimum of 5 years of real estate development or hotel industry experience with at least three years of hotel development or related experience.
Significant knowledge of the Caribbean hotel market and a network of hotel investors and franchisee contacts in these markets.
Demonstrated ability to effectively negotiate complex transactions; handle multiple projects on short timetables; and manage staff resources efficiently. Relevant experience in growing complex territories and a current understanding of the market dynamics of his/her assigned territory is highly preferred.
Fluent in Spanish and English.
Mature professional demeanor capable of expressing confident independent judgment.
B.S. or equivalent in Real Estate or Hotel Administration. MBA not essential but preferred.
Familiarity with capital markets is a plus.
At Marriott International we are dedicated to being an equal opportunity employer welcoming all and providing access to opportunity. We actively foster an environment where the unique backgrounds of our associates are valued and greatest strength lies in the rich blend of culture talent and experiences of our are committed to non-discrimination on any protected basis including disability veteran status or other basis protected by applicable law.
Required Experience:
Director
Key Skills
- Crisis Management
- Marketing
- Public Relations
- Fundraising
- Media Relations
- Constant Contact
- Strategic Planning
- Social Media Management
- Team Management
- Public Speaking
- Wordpress
- Writing Skills
About Company
Marriott’s portfolio of brands includes JW Marriott and Marriott Hotels, the flagship brand of Marriott with over 500 international locations, along with the other 30 brands. The ever-evolving and award-winning brands of the organization continue to bring in customer satisfaction by o ... View more
