Real Estate Development Analyst (Commercial/Hotel/Retail/Land/Property – Market Research & Analysis)

Freshworks Inc.; St. Louis (MO); On-site; USD 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Development Analyst to join their dynamic team in St. Louis. This entry-level position offers a fantastic opportunity to dive deep into the world of real estate development, focusing on market research, feasibility studies, and strategic decision-making for new hotel projects. You will collaborate with a dedicated team of professionals across various departments, gaining valuable insights and experience in the hotel industry. If you are passionate about data analysis and eager to contribute to exciting development projects, this role could be your stepping stone to a rewarding career in real estate. Embrace the chance to grow and make a significant impact in a supportive environment.

Benefits

Paid Time Off (PTO)

401K Savings Plan

Health Insurance

Dental Insurance

Vision Insurance

Flexible Spending Accounts (FSA)

Qualifications

• Entry-level role requiring strong data analysis and research skills.
• Bachelor’s degree preferred in business, finance, or real estate.

Responsibilities

• Research and analyze market data for hotel development feasibility.
• Compile reports and assist in obtaining necessary approvals.

Skills

Data Research

Analytical Skills

Problem-Solving

Collaboration

Microsoft Office

Critical Thinking

Education

Bachelor’s Degree in Business

Bachelor’s Degree in Economics

Bachelor’s Degree in Finance

Bachelor’s Degree in Real Estate

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

The Employer: HRMC has partnered with a privately held, family-owned and operated real estate development company that owns, develops, designs and builds Drury Hotels. For over 51 years, the Drury family of companies has operated on good business values of hard work, fair prices, dedication and honesty, and currently owns and operates over 150 hotel properties in 27 states. This is a vertically integrated company with over 100 employees actively developing and building over 1,000 new Drury hotel rooms at a time, across the country. With an experienced in-house team of developers, architects, engineers, interior designers, construction managers, legal support, and finance professionals, this team comes together to complete projects that live up to the company’s founding principles, delivering the highest quality hotels at fair and honest prices.

Basic Function: The Development Analyst is responsible for researching, compiling and managing data utilized by the development team in the strategic decision making for Drury Hotel sites. The Development Analyst will provide analysis and support to all development team members on variety of projects/markets across all functional areas of the development team process including strategic research/analysis, market feasibility, site acquisition, zoning/entitlement and asset management. This person will be given increasing levels of responsibility for various markets/projects providing the opportunity for growth and advancement within the development department. "Analyze and influence the future of our hotel and commercial real estate development."

Working Relationships:

1. Reports to a Director of Development and supports other members of the development team including Development Associates and Development Managers.
2. Collaborates with departments throughout the company including architecture, construction, engineering, design, legal, finance, and accounting. May assist Director, Manager, or Associate in leading multi-department projects or lines of effort.
3. Supports Development Associates, Managers and Directors in the hiring and management of external resources (consultants, engineers, etc.).

General Job Duties:

1. Identify, gather, analyze and compile market reports outlining hotel demand generators to determine feasibility for new hotel development (i.e., leisure activities, universities, hospitals, office parks, convention centers, airports, residential density).
2. Locate and analyze data for competitive hotels in target markets and monitor news/updates for planned/future hotel competition.
3. Run demographics reports for target markets and identify general trends in growth and income levels.
4. Monitor real estate listings, auction.com, foreclosures, and mergers for potential development opportunities.
5. Research and summarize zoning codes. (i.e. use restrictions, density, parking, heights, setback, and signage).
6. Compile traffic counts, researching highway plans, and identifying proposed short/long term changes that may impact a market/site.
7. Research impact fees, development costs, and historical construction costs in support of new hotel/renovation budget preparation.
8. Analyze historical Drury Hotel performance data and new market competitor data in support of new hotel performance projections.
9. Compile sale comparables and summarize land values and tax rates.
10. Prepare market reports and exhibits for real estate/investment committee deliverables.
11. Coordinate/track due diligence tasks. (i.e., Environmental, survey, geo-tech, zoning).
12. Assist the development team in obtaining necessary approvals/entitlements.
13. Support development team with hotel sales (coordinate marketing efforts, manage closing checklists, resolve varied issues, etc.).
14. Travel with the development team to review markets and sites.

General Knowledge, Skill, and Ability:

1. Strong data research, analysis and organization skills.
2. Must be able to work in a collaborative team environment, take direction from others, solve problems and think critically.
3. Strong work ethic with the ability to focus on multiple tasks to deliver accurate, complete assignments.
4. Demonstrates a positive attitude when handling a variety of daily tasks and challenges.
5. Displays persistence in overcoming obstacles with a “can-do” mentally.
6. Must be flexible in approach to tasks recognizing alternatives and improvements to achieve acceptable solutions.
7. Basic Microsoft Office program skills are required including knowledge of Outlook, Word, Excel, and Power Point.
8. General business, finance and real estate acumen preferred.
9. Experience presenting to groups.

Education, Experience and Qualifications:

Minimum of Bachelor’s Degree (Preferred emphasis in business, economics, legal, finance, or real estate). Advanced degrees are also advantageous for candidacy.

This is an entry level role with no professional experience required but candidates must possess strong analytical and critical thinking skills. Hotel related industry experience or education a plus.

Valid driver’s license and proof of insurance required.

Fluency in English, spoken and written.

Must be able to provide proof of eligibility to work in the U.S.

This is an on-site position; it is not remote or hybrid. You must reside within a reasonable commuting distance to the St. Louis area or be willing to relocate prior to your start date.

Company Benefits:

1. Paid Time Off (PTO) and Paid Holidays
2. 401K Savings Plan (% matching)
3. Health, Dental, and Vision Insurance Plans
4. Other Insurance (Critical Illness, Accident Protection, Basic Life, Supplemental and Dependent Life, and Long and Short-Term Disability)
5. Flexible Spending Accounts (FSA)

For External Posting Sites: HRMC has been retained by Drury Development Corporation to manage the entire search and screening process. ALL individuals that possess the core qualifications will be required to complete HRMC's online application form at this site (https://hrmcglobal-team.freshteam.com/jobs/G2TmoyuFgzLB/real-estate-development-analyst-commercial-hotel-retail-land-property-market-research-analysis) prior to scheduling any interviews. HRMC's Search Team will assess the credentials of each applicant.