Associate of Acquisitions and Business Development

Plazahotelelpaso

Philadelphia (Philadelphia County)

On-site

USD 80,000 - 120,000

Full time

14 days+

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Benefits offered by this job

Health Insurance

401k Match

Paid Time Off

Travel Discounts

Commuter Benefits

Educational/Professional Development

Job summary

HHM Hotels in Philadelphia is seeking an Acquisitions and Business Development Associate to join our investment platform. You will underwrite domestic hotel acquisitions and conduct detailed feasibility analyses for prospective markets, while managing complex structures including mezzanine financing and joint ventures.

You will work with veterans with 30+ years of experience in hotel investment and prepare presentations for committee and board reviews, coordinating with Operations, Legal and

Qualifications

Bachelor’s degree required in Finance, Real Estate, Business or Hospitality.
Minimum two years of experience in real estate or hotel acquisitions and development; IB or PE preferred.
Strong Excel-based financial modeling skills; proficient in Word and PowerPoint.
Experience negotiating real estate transactions, including terms, capital structures, and JV documents.

Responsibilities

Leading underwriting, due diligence, and execution of hotel acquisitions and development opportunities.
Conducting market and feasibility analyses for new markets and portfolios.
Developing and maintaining financial models for investments.
Negotiating term sheets and contracts for management and investment opportunities.
Sourcing off-market investment opportunities.
Coordinating real estate transaction structures, including mezzanine finance and JVs.
Preparing presentations for monthly acquisitions meetings and board reviews.
Collaborating with Operations, Legal, and Accounting to transition new hotels.
Performing other duties as requested by management.

Skills

Financial modeling

Analytical skills

Presentation skills

Deal negotiation

External relationships

Education

Bachelor’s degree in Finance/Real Estate/Business/Hospitality

MBA

Tools

Excel

MS Word

PowerPoint

Job description

Opportunity: Associate of Acquisitions & Business Development

Our Philadelphia corporate office is seeking an Acquisitions and Business Development Associate to join our private equity investment platform. You will work alongside veterans with over 30 years of experience in hotel investment. This role focuses on underwriting domestic hotel acquisitions and conducting detailed feasibility analyses for prospective markets. You will manage complex transaction structures including mezzanine financing and joint ventures.

Potential Career Path

Senior Associate of Acquisitions - Director of Acquisitions - Vice President of Acquisitions & Development

Essential Job Functions

Leading the underwriting, due diligence, and execution of hotel acquisitions and development opportunities and presenting findings to Vice President of Acquisitions & Development.
Conducting detailed market and feasibility analyses for new markets, portfolios, and individual acquisition opportunities.
Developing and maintaining financial models for existing and prospective investments.
Negotiating business term sheets and contracts for management and investment opportunities
Sourcing off-market investment opportunities.
Coordinating real estate transaction structures, including multi-tiered promote structures, mezzanine financing, incentive management fees, and joint ventures.
Compiling operating data and research on industry trends, and preparing presentations for monthly acquisitions meetings and quarterly presentations to the HHM Investment Committee and Board of Directors.
Working closely with other division leaders (Operations, Legal, Accounting) to transition new hotels and develop relationships with key institutional partners.
Perform other duties as requested by management.

Position Requirements

Bachelor’s degree required, preferably in Finance, Real Estate, Business or Hospitality; MBA is a plus, but not required
Minimum two years of experience in real estate or hotel acquisitions and development; Investment Banking or Private Equity experience preferred
Deep market knowledge and experience conducting and presenting feasibility studies
Experience negotiating real estate transactions, including operating terms, capital structures, promoted interests, and joint venture documents
Exceptionally strong Excel-based financial modeling skills as well as proficiency in MS Word and PowerPoint
Strong analytical, problem solving, and decision making skills
Demonstrated track record with external client relationships
Excellent presentation as well as verbal and written communication skills
A self-starting approach and long term focus on developing a career in real estate investing within a fast growing and entrepreneurial company

Work Environment and Context

Required to sit for extended periods, lift up to 10 pounds, bend, reach, use hands and fingers to operate keyboard
Extended work hours may be required as needed and determined by deal flow
Occasional travel to managed properties and potential investment properties

HHM Benefits and Perks