Hospitality Analyst

RREAF Holdings; Dallas (TX); On-site; USD 75,000 - 110,000; Full time

Job summary

RREAF Holdings LLC in Dallas is seeking a Hospitality Analyst to join its Hospitality department. The role will apply Excel-based financial modeling to build, interpret, and maintain financial reports and company workbooks.

The analyst will transform property-level data, update waterfalls for exit scenarios, and ensure monthly operating results are incorporated into financial workbooks that support Asset Managers, development, acquisition, and recapitalization decisions, as well as investor

Qualifications

• Bachelor's degree in finance, accounting, or CRE is required.
• Relevant work experience in finance and/or real estate is required.
• Proficiency in Microsoft Excel required.
• Strong analytical and problem-solving abilities.
• Excellent written and oral communication skills.

Responsibilities

• Produce and maintain analytics supporting the daily Asset Management function of the Hospitality division.
• Produce and maintain disposition waterfalls for properties or portfolios with multiple exit/refinancing scenarios.
• Update data in financial management workbooks monthly to provide advisory analyses.
• Build new financial management workbooks for new assets or developments.
• Assist Hospitality team with investor reporting.
• Perform ad hoc modeling for acquisitions and ground-up development.

Skills

Excel proficiency

Financial analysis

Financial modeling

Analytical thinking

Communication skills

Education

Bachelor's degree in finance, accounting, or commercial real estate

Job description

RREAF Holdings LLC (“RREAF”) is a privately held, vertically integrated commercial real estate company based in Dallas, Texas, with roots that go back 37 years in the industry. RREAF focuses its portfolio of commercial real estate projects and development under five main divisions catering primarily to middle America with its programmatic value-add multifamily acquisitions, opportunistic hospitality and resort acquisitions, core ground-up development, large and highly amenitized master planned developments, acquisition / re-development of RV Resort Communities, Student Housing, and its ground-up extended stay hospitality development division.

RREAF and its subsidiary companies employ over 450 people directly and many thousand indirectly, mainly across the Sun Belt region, handling a wide range of commercial real estate investment matters, including in-house underwriting, due diligence, capital markets, acquisition, asset management, property management, construction management,

project development, accounting, and legal support. RREAF and its debt and equity partners have built a diversified portfolio in its core competencies in excess of $4.5 billion in assets under management, across 16 states.

RREAF’s “opportunistic” beach-front hospitality and resort redevelopment platform was launched in 2012, with a focus on acquiring and operating hotel assets in strong beach front markets in the Southern Gulf Coast regions of Florida and along the Southern Atlantic Coast. Since then, RREAF has created its own “flagged brand” of “Beachside Resorts,” which has strategically expanded its reach locations in Panama City Beach, Pensacola Beach, and Cocoa Beach markets in Florida, while continuing it search for other targeted assets along the Southern Atlantic Coast.

The company is actively engaged in substantial ground-up development projects in several States, including Texas, Tennessee, Utah, and South Carolina. These projects include two branded resorts (Galveston, Texas and Myrtle Beach, South Carolina), master planned communities (Kerrville, Caldwell County, and Midlothian, Texas), multifunction residential housing projects in Salado, Texas, and extended stay hotels in Smyrna, Tennessee, Bluffdale, Utah, and Meridian, Idaho, with several additional locations presently in contract negotiation. RREAF’s completed ground-up development portfolio boasts a Delta by Marriott hotel in Southlake, Texas, a DoubleTree hotel in Charleston, South Carolina, apartment complexes in Kerrville, Texas and Gallatin, Tennessee, and a commercial strip center in Gallatin, Tennessee.

Position Overview

RREAF Holdings is seeking a Hospitality Analyst to join its Hospitality department. The qualified candidate will apply Excel-based financial modeling and analytical skills to build, prepare, interpret, and maintain financial reports and company workbooks.

Key responsibilities include transforming and analyzing property-level data for the department, updating waterfalls used to evaluate potential exit scenarios, and ensuring monthly operating financials are incorporated into financial management workbooks that support Asset Managers in analyzing and tracking property performance. The candidate will also produce underwriting models that support development, acquisition, and recapitalization decisions.

The Hospitality Analyst will assist the vertical in producing operational reporting, annual budgets, and investor reports. Operational reporting roll-ups and high-level analyses help monitor the execution of strategic initiatives. The creation and refinement of annual budgets support Asset Managers in implementing operational strategies and achieving financial targets. Investor reports, distributed quarterly, serve as the primary communication tool for conveying key investment metrics and asset performance between RREAF and its investors.

Finally, this role will maintain the integrity of all Hospitality department trackers and databases, which feed the back end of the Power BI dashboard. Data accuracy and a foundational understanding of commercial real estate investment concepts are expected.

Key Responsibilities

Produce and maintain analytics supporting the daily Asset Management function of the Hospitality division.

Produce and maintain disposition waterfalls for properties or portfolios with the ability to run multiple exit or refinancing scenarios for C-Suite and Asset Management.

Update data in financial management workbooks on a monthly basis to provide advisory and in-depth analysis to Hospitality Asset Managers regarding any abnormalities from prior months as well as discrepancies from pro forma numbers and budgets.

Build new financial management workbooks as new assets are acquired or constructed.

Assist Hospitality team with investor reporting.

Perform ad hoc modeling tasks including underwriting new acquisitions and ground-up development, asset valuation creating financial workbooks and trackers, etc.

Key Attributes/Experience

Relevant work experience in finance and/or real estate is required

Bachelor's degree in finance, accounting, or commercial real estate required

Thorough knowledge of real estate finance fundamentals including IRR, EM, return waterfalls, etc.

Experience in the Hospitality industry is a strong preference.

Proficiency in Microsoft Excel

Attention to detail and a strong desire to produce high quality work product

Ability to manage multiple tasks at one time, and still provide accurate computations and neat work product

Strong problem-solving and analytical skills

Effective oral and written communication skills