Log In
Sign Up
The experienced Associate will focus primarily on supporting all strategic, value-added initiatives related to the private select-service hotel REIT portfolio. Role is based fulltime in Greenwich, CT.
Responsibilities:
- Negotiating key contracts and agreements including loan documents, HMAs, leases, FLAs, etc
- Helping to drive portfolio strategy as the team manages the fund through impending loan maturities, capital projects, operating performance recovery, franchise expirations, etc.
- Modeling complex cash flows and partnership structures to report asset and fund performance and prepare quarterly valuations to Starwood Asset Management executive team and investors
- Preparing hold/sell recommendations and ongoing asset status reports
- Researching competitive properties and real estate markets and providing asset performance analysis based on market conditions
- Interacting with management partners to effectively identify asset performance issues and collectively determine successful action plans
- Conducting monthly P&L reviews to identify both positive and negative variances and working with managers to exploit opportunities
- Reviewing booking pace, STR reports, market segmentation and revenue management strategy to ensure topline goals are met
- Traveling, domestically to visit real estate assets, companies and existing partners
- Assisting with underwriting potential real estate and structured finance acquisitions
- Developing capital improvement plans and any potential revenue displacement and monitoring ongoing capital projects
- Tracking and identifying opportunities to improve guest satisfaction experiences and online reputation
Qualifications:
- 5+ years relevant experience preferred, including: real estate acquisitions, asset management, construction management/budgeting, operations, or finance
- Strong communication skills (both written and oral)
- Development and/or real estate cash flow modeling experience
- Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel and PowerPoint)
- Strong understanding of hotel Profit and Loss statements and Balance Sheets
- Bachelor’s degree in real estate, finance, business or related area
- A true self-starter capable of accomplishing complicated tasks with limited supervision
- Authorization to work in the United States
