Vice President of Acquisitions & Development

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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 turn-key management solutions throughout a robust hotel portfolio spanning North America. The portfolio includes world-class 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 results-driven 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 off-market investment opportunities through existing network as well as warm and cold-calling owners of hotels

Coordinating real estate transaction structures, including multi-tiered promote structures, mezzanine financing, incentive management fees, and joint ventures

Leading the underwriting, due diligence, and execution 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

Bachelor's 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 Excel-based financial modeling skills as well as proficiency in MS Word and PowerPoint

Strong analytical, problem solving, and decision-making 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 equal-opportunity 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.

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