Vice President Business Acquistion (54975)

SEEKING EXPERIENCED PROVEN VPBD ABLE TO SECURE NEW MANEGEMENT CONTRACTS ON THE EAST COAST.

Who We Are

Providence Hospitality Partners is a collection of experienced successful and highly motivated individuals who have come together to create a hotel company which reflects their core beliefs and encourages them to succeed in an environment which honors a balance between professional achievement and personal well-being. Providence is an award-winning operator of every major brand in the industry and has successfully operated independent hotels and resorts on a Nationwide basis. PHP was founded more than 20 years ago and has managed all types and sizes of properties coast to coast. We are an approved provider for all major brands and are very proud of our independant hotels as well. We believe first and foremost this is a relationship driven business and seek solid long-term opportunities with credible partners.

Job Overview

Lead the Providence Hospitality Partners Business Development effort in acquiring new Hotel Management Agreements (contracts) to achieve clearly defined strategic growth objectives. The position reports directly to the CEO.

Essential Functions

• Source and qualify leads for new Hotel Management Contracts in strategic markets
• Negotiate and secure management contracts from lead generation and issuance of proposal to signing of the HMA
• Prepare customized proposals by utilizing Deck presentations
• Build and maintain strong relationships with Hotel Investors Owners Private Equity Groups Brand Executives Hotel Brokers Consulting Firms Asset Managers and Professional Firms
• Prepare and present Proformas and develop Return on Investment Analysis
• Develop a quarterly action plan and budget required to achieve our stated growth objectives
• Attend strategic Hospitality Industry events

C. Qualifications: Must Haves

• Minimum of five years of experience with a proven ability to secure Hotel Management Agreement (HMA) Growth Goals
• Knowledge of hospitality and hotel real estate markets including operations debt/equity structures
• Strong understanding of financial analysis underwriting acquisitions and proficiency with financial modeling
• Interest in working as part of a small and growing company with awareness about the opportunities and challenges that come with a highly adaptive environment
• Active listener with exceptional written and verbal communication skills. Strong creativity and critical thinking abilities
• A results focused self-starter with drive to achieve stated growth goals.
• Be a curious individual ready to take calculated risks towards promoting companys goals and ideals
• Ability to grow and maintain relationship with any individual irrespective of the background and type of personality
• High level of personal integrity and accountability
• Highly organized and detail-oriented with the ability to keep multiple projects and client engagements active at once. o Comfort with ambiguity and ability to navigate uncertainty
• Solid knowledge of Excel Word and Power Point
• Desire to work in a fast paced entrepreneurial environment. Strong enough mentally to work under pressure and without complaint
• Up to 50% travel required
• Bachelors Degree in Sales Business Hotel Management Finance or related field of study. MBA is viewed favorably but not required

Compensation and Benefits:

• The salary range for this position is negotiable but generally between $120000 - $ 160000 in base pay with final base pay offering based on experience and proven addition to base pay the position will reward the candidate with realized deal-based incentives as a % of contracted revenue for the first 3 years of any new and finalized contract.

• Benefits include access to medical dental vision and life insurance as well HSA / FSA 401(k). Vacation sick time hotel discounts and other ancillary benefits offered annually

Providence Hospitality Partners is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race creed color religion alienage or national origin ancestry citizenship status age disability or handicap sex marital status veteran status sexual orientation genetic information arrest record or any other characteristic protected by applicable federal state or local laws. Providence Hospitality Partners makes hiring decisions based solely on qualifications merit and business needs at the time.

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