Vp Hotel Acquisitions and Asset Management - New York, United States - Dovetail + Co

Description

Dovetail + Co is a creative, full-service hotel real estate investment firm headquartered in New York City with assets from Hawaii to Bermuda.

Founded in 2018, we currently own interests in and/ or manage seven hotels and 17 bars and restaurants with AUM in excess of $325M.

• Originate, underwrite, negotiate, and close operating, valueadd, and new build hotel and experiential real estate investments.
• Oversee and drive the underwriting and due diligence of each transaction including financial modeling; market surveys; financial analysis and the creation of investment overviews.
• Work with legal counsel to negotiate purchase agreements, partnership agreements, loan documents, hotel management agreements and related legal documentation.
• Lead asset management of hotels and other investments, including investor reporting, major capital events (e.g., financings and refinancing), strategic assetlevel business planning, and the eventual sale of each property.
• Develop and maintain financial models on existing assets using portfolio benchmarking and DCF models to track and review assetlevel returns and performance.
• Consolidate, analyze and model financial data including budget analysis and income statement forecasting on a monthly, quarterly, and annual basis.
• Train, develop, and oversee investment analysts and associates.

• 7+ years of commercial real estate including a minimum of 4 years of direct hotel acquisitions and asset management experience on the principal side
• A bachelor's degree in hotel administration, finance, or business; MS/MBA a plus.
• Must have an owner's mentality and act as a fiduciary for each asset and investment.
• Effective negotiator with demonstrated ability to achieve consensus.
• Sophisticated financial skills and capital markets perspective with ability to structure investments to achieve Company's investment requirements.
• Impeccable integrity and trustworthiness.
• Strong network of contacts among owners, managers, brokers, financiers, and others active hotel investment professionals.
• Selfmotivated and driven with the ability to take initiative, complete tasks, and meet tight deadlines.
• Willingness and ability to travel.
• Proficient in Excel, PowerPoint, Word.

• Base salary and incentives will be commensurate with experience includes full benefits (e.g., health + dental insurance)

• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Vision insurance

• Monday to Friday

• Bonus opportunities

• New York, NY 10022: Relocate before starting work (required)