Director of Development - Atlanta, United States - Peachtree Hotel

Description

The Director of Development will be responsible for origination, execution, development management, and ongoing reporting for Peachtree Group Development. This position plays a critical role as an outward-facing representative of Peachtree, as well as the advocate and coordinator for driving consensus and approvals internally and across the organization.

Role and Responsibilities

• Identify land acquisition opportunities via developing relationships with outside land brokers and engaging with internal personnel
• Manage land acquisition execution process
• Prepare and negotiate purchase agreement and other critical documents
• Coordinate with pre-development manager to order and review due diligence materials (survey, site investigation report, geotechnical report, etc.)
• Responsibility for administrative portion of the land closing process
• Work with mentor and train the analyst team, preparing investment underwriting models
• Work with pre-development manager and construction team to verify preliminary site plan and schematic design to drive investment model
• Lead business functions of pre-development process through construction start
• Franchise applications and approval
• Debt procurement packages / construction loan closing
• Equity procurement packages (supporting Peachtree Group capital markets)
• Coordinate post-closing transition to pre-development manager and other personnel across organization
• Present opportunities to Peachtree Group investment committee to seek approval for land acquisition and pre-development/construction funding
• Maintain land acquisition pipeline tracking reports
• Assist with asset management of development projects until hotel opening
• Efficiently coordinate and manage multiple projects, ensuring timely completion and adherence to project objectives.
• Demonstrate exceptional organizational skills to streamline project workflows, prioritize tasks and manage resources effectively.
• Exhibit a strong sense of urgency to meet deadlines and ensure project goals and stakeholder expectations are met.
• Effectively liaise with internal and external stakeholders, maintaining clear communication and fostering positive relationships.
• Manage ongoing development process as principal point-of-contact with brokers and vendors through the construction and delivery phases of projects
• Liaising between all departments from a development perspective to serve as a central "hub" for development related items/matters until turnover to asset management (lender request, investment reporting)
• Prepare quarterly investor reporting and strategic advisory board presentations for development pipeline
• Manage all consultants and internal departmental coordination (design, construction management, investment, legal, third party, cities, etc.)

• Bachelor's degree in business administration, Finance, Real Estate, Hospitality or a related field
• Minimum 5 years' experience in financial investment and development of hotel or commercial real estate projects
• Understanding of commercial real estate development process, such as key project milestones and construction terminology
• Strong strategic and financial analysis skills
• Experience and working knowledge of modeling, underwriting review, entitlement, civil land and use, pre-construction management,
• Experience processing, monitoring and tracking development investment deals including due diligence review and negotiating partnerships and contracts with outside parties
• Ability to work cross-functionally across numerous disciplines within an organization
• Experience with Contract negotiation
• Excellent Excel Skills

• Experience structuring deals and understanding the nuances of development from Land acquisition through construction start.
• Working knowledge of Microsoft Project