Vice President of Business Development

PROVIDENCE HOSPITALITY PARTNERS LLC

Denver (CO)

On-site

USD 180,000 - 200,000

Full time

13 days ago

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Benefits offered by this job

Medical, Dental & Vision Insurance

401(k) with Company match

Paid Time Off & Holidays

Hotel discounts

Job summary

Based in Denver, the role drives growth through data-driven insights, proformas, and quarterly plans, reporting to the President. MBA is preferred but not required for the right executive.

Qualifications

Interest in working as part of a small and growing company; adaptable to change and growth.
Excellent written and verbal communication skills; strong creativity and critical thinking.
Results-focused self-starter with drive to achieve growth goals.
Curious; willing to take calculated risks to promote company goals.
Ability to build relationships with diverse individuals; high integrity and accountability.
Organized and detail-oriented; comfortable with ambiguity and multiple projects.

Responsibilities

Source and qualify leads for new Hotel Management Contracts in strategic markets.
Negotiate and secure management contracts from lead generation to signing of the HMA.
Prepare customized proposals using Deck presentations.
Build and maintain relationships with investors, owners, PE groups, brand executives, brokers, and professionals.
Prepare proformas and ROI analyses; develop quarterly growth plans and budgets.
Attend strategic hospitality industry events and support related duties.

Skills

Leadership

Negotiation

Sales Development

Strategic thinking

Communication

Financial analysis

Excel

Relationship building

Travel up to 50%

Education

Bachelor’s Degree in Sales/Business/Hotel Management/Finance

MBA (preferred)

Job description

Job Details: Job Location: Providence Hospitality Partners - Denver, CO 80203, Position Type: Full Time, Salary Range: $180,000.00 - $200,000.00 Salary/year, Job Category: Executive

Providence Hospitality Partners is based in Denver, Colorado, and founded in 2002. We strive to operate hotels where every guest wants to stay, every associate wants to work, and every investor wants to own. We encourage and support each associate to achieve clearly defined objectives, and we pursue a proactive position to enhance the wellbeing in our communities. We provide a corporate culture that values teamwork, a strong work ethic, service to others, and personal balance.

SUMMARY

The Vice President of Business Development leads the Providence Hospitality Partners Business Development effort to achieve clearly defined strategic growth objectives. Identify management contract opportunities and grow our Joint Venture Investment Network. The position reports directly to the President of the company.

MUST HAVE PREVIOUS EXPERIENCE IN OBTAINING 3RD PARTY HMA'S WITH VERIFIABLE TRACK RECORD OVER SEVERAL YEARS

DUTIES AND RESPONSIBILITIES

Source and qualify leads for new Hotel Management Contracts in strategic markets
Negotiate and secure management contracts from lead generation and issuance of proposal to signing of the HMA
Prepare customized proposals by utilizing “Deck” presentations
Build and maintain strong relationships with Hotel Investors, Owners, Private Equity Groups, Brand Executives, Hotel Brokers, Consulting Firms, Asset Managers and Professional Firms
Prepare and present Proformas and develop Return on Investment Analysis
Develop a quarterly action plan and budget required to achieve our stated growth objectives
Attend strategic Hospitality Industry events
Performs other related duties as assigned by management

QUALIFICATIONS

Interest in working as part of a small and growing company, with awareness about the opportunities and challenges that come with a highly adaptive environment
Active listener, with exceptional written and verbal communication skills; strong creativity and critical thinking abilities
A results focused self-starter, with drive to achieve stated growth goals.
Be a curious individual, ready to take calculated risks towards promoting company’s goals and ideals
Ability to grow and maintain relationship with any individual, irrespective of the background and type of personality
High level of personal integrity and accountability
Highly organized and detail-oriented, with the ability to keep multiple projects and client engagements active at once. Comfort with ambiguity and ability to navigate uncertainty
Solid knowledge of Excel, Word, and Power Point
Desire to work in a fast paced, entrepreneurial environment.
Strong enough mentally to work under pressure and without complaint
Up to 50% travel required

EDUCATION AND EXPERIENCE

Bachelor’s Degree in Sales, Business, Hotel Management, Finance, or related field of study. MBA is viewed favorably but not required
Minimum of five years of experience, with a proven ability to secure Hotel Management Agreement (HMA) Growth Goals
Knowledge of hospitality and hotel real estate markets, including operations, debt/equity structures
Strong understanding of financial analysis, underwriting acquisitions, and proficiency with financial modeling

COMPETENCIES

Design--Generates creative solutions; Translates concepts and information into images; Uses feedback to modify designs; Applies design principles; Demonstrates attention to detail.
Visionary Leadership--Displays passion and optimism; Inspires respect and trust; Mobilizes others to fulfill the vision; Provides vision and inspiration to peers and subordinates.
Change Management—Develops workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results
Leadership--Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.
Business Acumen--Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
Cost Consciousness--Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.
Diversity--Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment; Builds a diverse workforce.
Ethics--Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
Strategic Thinking--Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.
calculated risks; Looks for and take advantage of opportunities; Asks for and offers help when needed.
Innovation--Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

Occasionally required to stand and walk
Continually required to sit and utilize hand and finger dexterity to use a keyboard and office equipment

SALARY

The salary range for this position is $_______ - $ _________ in base pay, with final base pay offering based on experience and proven ability. In addition to base pay, the position will reward the candidate with realized deal-based incentives as a % of contracted revenue for the first ____ years of any new and finalized contract.

BENEFITS