HRI Hospitality
Director of Real Estate and Investments
HRI Hospitality, New Orleans, Louisiana, United States, 70123
Director of Real Estate and Investments page is loaded## Director of Real Estate and Investmentslocations:
HRI Lodgingtime type:
Full timeposted on:
Posted Todayjob requisition id:
JR103002At HRI Hospitality, we offer a unique perspective on hotel ownership and management.We’re here to expand the possibilities of what once was, with our history of restoring properties to their former glory as well as new build projects that become the center of their vibrant urban community, we take it to the next level.We are looking for people to join our team that share in the passion for warm welcomes and creating an unforgettable experience for our guests. With a wide array of brands in exciting locations, HRI Hospitality is the destination to set course for growing your career!**DIRECTOR OF REAL ESTATE AND INVESTMENTS**This Corporate position is primarily located in New Orleans, LA, but the company is open to a remote office location based on level of experience and background. The Director of Real Estate & Investments, for our HRI Hospitality division, is an exciting opportunity to join a collaborative and creative team!**POSITION DESCRIPTION:**The HRI Hospitality Director of Real Estate & Investments supports all investment and underwriting activities of the real estate acquisition & development team and asset management of operating projects to ensure financial performance goals and full compliance are achieved.**RESPONSIBILITIES INCLUDE:**· Develops and maintains financial models used for real estate investments & development projects· Collaborates with senior leadership and various internal departments, including operations, accounting, and HR to prepare budgets and operating projections based on the market dynamics, product type, and programming· Analyzes potential risks and opportunities, reporting to HRI team members, investors, and lenders as appropriate· Assists in the due diligence process of potential investments.· Prepares financing packages for potential project lenders and investors and fields due to diligence requests· Prepares investment packages for HRIH’s Investment Committee· Assists in the review and negotiation of debt and equity term sheets and project closing documents· Assists in coordinating documents and structuring with lenders, appraisers, attorneys, and others to underwrite and close transactions· Maintains development budgets throughout project construction· Assists in review and preparation of draw requests· Interacts with lenders and investors to effectively monitor asset performance including debt service coverage and covenant tests, risk management and compliance issues, and recommends action plans. Assists with refinancing, dispositions, distributions, and budgeting· Ad Hoc reporting as needed**REQUIRED QUALIFICATIONS:**· Bachelor’s degree in finance, real estate, hospitality management, or related field required· 4-6 years of real estate industry experience in feasibility, valuations, operations analysis, asset management, and/or acquisition and development-related roles considered a plus, specifically hospitality· Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel, Publisher, PowerPoint, and Word)· A true self-starter capable of accomplishing complicated tasks· Excellent written and oral communication skills· Must possess strong time management and organizational skills with the ability to manage several projects concurrently· Able to work flexible hours, including occasional nights and weekends· Involves situational travel to visit markets and attend conferences.
Assumed 20-25% annual travel.***HRI is an EOE M/F/D/V***HRI is an Equal Opportunity Employer and provides fair and equal employment opportunity to all employees and applicants regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, veteran status or any other protected status prohibited under Federal, State, or local laws. All employment decisions are based on valid job‐related requirements.With a 40-year legacy, HRI Hospitality has meticulously constructed a robust lodging and mixed-use platform under the seasoned leadership team's guidance. The company currently owns and manages a diverse portfolio in the nation’s premier lodging markets, actively engaging in both development and acquisitions to enhance their offerings. While maintaining an active development pipeline, HRI Hospitality is committed to "Elevating the Urban Experience" for guests. Managing a portfolio of branded and independent institutional quality hotels in key U.S. markets, the company is an approved operator for all major full- and focused-service brands. Leveraging deep sector expertise and a vast industry network, HRIH’s hotel management platform emphasizes a balanced approach, incorporating People, Profit, and Revenues. With extensive third-party management expertise and an owner's perspective, HRI is adept at operating properties effectively, solidifying its position as an innovative leader in the hospitality industry. #J-18808-Ljbffr
HRI Lodgingtime type:
Full timeposted on:
Posted Todayjob requisition id:
JR103002At HRI Hospitality, we offer a unique perspective on hotel ownership and management.We’re here to expand the possibilities of what once was, with our history of restoring properties to their former glory as well as new build projects that become the center of their vibrant urban community, we take it to the next level.We are looking for people to join our team that share in the passion for warm welcomes and creating an unforgettable experience for our guests. With a wide array of brands in exciting locations, HRI Hospitality is the destination to set course for growing your career!**DIRECTOR OF REAL ESTATE AND INVESTMENTS**This Corporate position is primarily located in New Orleans, LA, but the company is open to a remote office location based on level of experience and background. The Director of Real Estate & Investments, for our HRI Hospitality division, is an exciting opportunity to join a collaborative and creative team!**POSITION DESCRIPTION:**The HRI Hospitality Director of Real Estate & Investments supports all investment and underwriting activities of the real estate acquisition & development team and asset management of operating projects to ensure financial performance goals and full compliance are achieved.**RESPONSIBILITIES INCLUDE:**· Develops and maintains financial models used for real estate investments & development projects· Collaborates with senior leadership and various internal departments, including operations, accounting, and HR to prepare budgets and operating projections based on the market dynamics, product type, and programming· Analyzes potential risks and opportunities, reporting to HRI team members, investors, and lenders as appropriate· Assists in the due diligence process of potential investments.· Prepares financing packages for potential project lenders and investors and fields due to diligence requests· Prepares investment packages for HRIH’s Investment Committee· Assists in the review and negotiation of debt and equity term sheets and project closing documents· Assists in coordinating documents and structuring with lenders, appraisers, attorneys, and others to underwrite and close transactions· Maintains development budgets throughout project construction· Assists in review and preparation of draw requests· Interacts with lenders and investors to effectively monitor asset performance including debt service coverage and covenant tests, risk management and compliance issues, and recommends action plans. Assists with refinancing, dispositions, distributions, and budgeting· Ad Hoc reporting as needed**REQUIRED QUALIFICATIONS:**· Bachelor’s degree in finance, real estate, hospitality management, or related field required· 4-6 years of real estate industry experience in feasibility, valuations, operations analysis, asset management, and/or acquisition and development-related roles considered a plus, specifically hospitality· Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel, Publisher, PowerPoint, and Word)· A true self-starter capable of accomplishing complicated tasks· Excellent written and oral communication skills· Must possess strong time management and organizational skills with the ability to manage several projects concurrently· Able to work flexible hours, including occasional nights and weekends· Involves situational travel to visit markets and attend conferences.
Assumed 20-25% annual travel.***HRI is an EOE M/F/D/V***HRI is an Equal Opportunity Employer and provides fair and equal employment opportunity to all employees and applicants regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, veteran status or any other protected status prohibited under Federal, State, or local laws. All employment decisions are based on valid job‐related requirements.With a 40-year legacy, HRI Hospitality has meticulously constructed a robust lodging and mixed-use platform under the seasoned leadership team's guidance. The company currently owns and manages a diverse portfolio in the nation’s premier lodging markets, actively engaging in both development and acquisitions to enhance their offerings. While maintaining an active development pipeline, HRI Hospitality is committed to "Elevating the Urban Experience" for guests. Managing a portfolio of branded and independent institutional quality hotels in key U.S. markets, the company is an approved operator for all major full- and focused-service brands. Leveraging deep sector expertise and a vast industry network, HRIH’s hotel management platform emphasizes a balanced approach, incorporating People, Profit, and Revenues. With extensive third-party management expertise and an owner's perspective, HRI is adept at operating properties effectively, solidifying its position as an innovative leader in the hospitality industry. #J-18808-Ljbffr