The position will support the Lodging Development and Strategy with investment analyses, asset management, underwriting and investment appraisal. The manager will interact with senior management and key stakeholders on projects, presentations and approvals. The manager will work on projects as directed including but not limited to preparing proformas, reporting gather data, and track initiatives. Some travel may be required.
Job Description KEY RESPONSIBILITIES :
Prepare fee projections and valuations for new management and franchise opportunities - with or without capital commitments.
Prepare hold vs sell analyses on existing hotels in the portfolio.
Assist in transaction and asset management underwriting utilizing proformas, DCF and direct capitalization analysis.
Participate in major capex and special projects pertaining to the owned and managed portfolio.
Assist in the preparation and presentation of investment memorandums and deal summaries.
Analyze performance trends and monitor hospitality industry and real estate market developments.
Create and maintain portfolio reporting and financial analysis tools, such as dashboard reports, monthly critiques, strategic plans, budget analysis, and ROI models.
Perform necessary ad-hoc analyses to further support the Strategy and Lodging Development team.
May be responsible for one or two direct reports.
EDUCATION/EXPERIENCE:
Four-year degree with preference in Hospitality Real Estate, Finance/Business Analytics, or Hospitality Management. Emphasis placed on financial analysis and problem-solving skills.
MBA is a plus.
At least 5 plus years of experience in real estate, hotel finance, hotel feasibility, or hotel valuation.
REQUIRED SKILLS:
Understanding of real estate valuation methodologies including IRR and DCF analyses
Problem solving and critical thinking skills.
Advanced level of proficiency in Excel, word and power point.
Resourceful self-starter that is organized and task oriented.
Effective communication and interpersonal skills.
Confident, enthusiastic, and entrepreneurial.
Additional Job Information/Anticipated
Pay Range
Benefits
Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including:
Medical, Dental and Vision Insurance
Health Savings Account with Company Match
401(k) Retirement Plan with Company Match
Paid Vacation and Sick Days
Sonesta Hotel Discounts
Educational Assistance
Paid Parental Leave
Company Paid Life Insurance
Company Paid Short Term and Long Term Disability Insurance
Various Employee Perks and Discounts
Hospital Indemnity
Critical Illness Insurance
Accident Insurance
Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered.
