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Job: Investment Associate – Commercial Real Estate Development (Hotels)

Title Investment Associate – Commercial Real Estate Development (Hotels)
Categories Commercial Real Estate, Finance, Financial Modeling, Underwriter
Location New York, NY
Job Information

Our global Real Estate Development client is seeking recruit an Investment Associate to underwrite new hotel development and luxury hospitality projects throughout the US.  Ground-up hotel development underwriting and financing experience mandatory.

Responsibilities:

  • Model, analyze and underwrite ground-up luxury hospitality and hotel development and acquisition opportunities in the US
  • Perform financial due diligence, structuring and project feasibility analysis
  • Analyze legal documents, zoning regulations, entitlements and site acquisition analysis
  • Perform budgeting and forecasting analysis
  • Report variance vs. actual results to senior management
  • Oversee the financial modeling and underwriting process
  • Analyze market conditions and update senior management on active deal pipelines
  • Manage municipal filings for multiple development projects in multiple cities
  • Keep updated on zoning regulations, real estate tax abatements and municipal filing guidelines in major US markets
  • Respond to RFPs as required
  • Develop annual strategic, financial and operating plans

Requirements:

  • Bachelor’s Degree
  • MBA preferred
  • 3 years ground-up hotel / luxury property development underwriting experience
  • Advanced financial modeling and quantitative analysis experience
  • Advanced Excel skills
  • Highly motivated and detail oriented with a passion for the real estate industry
  • Entrepreneurial mindset with the ability to thrive in a dynamic transaction oriented environment
  • Exceptional communication and interpersonal skills
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