Director of Hospitality Investments

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Overview At McWhinney, we do real estate differently. As an investment firm, we have the unique advantage of expertise in development, management and operations, allowing us to cultivate truly transformative mixed-use, residential, commercial and hospitality projects.
Is this your next job Read the full description below to find out, and do not hesitate to make an application. Our team blends entrepreneurial thinking with disciplined, fast-paced execution. Here, ideas flow freely, collaboration is essential, and adaptability is key. We embrace challenges, step in where needed and think beyond job titles to shape what’s next. Guided by our values – respect, integrity, perseverance, and legacy – we strive to create places people love, to add value through all phases of the real estate cycle, and to cultivate beautiful, sustainable, connected communities that each reflect a unique sense of place. To date, McWhinney has planned and developed over 6,000 acres of master-planned communities and 13 million square feet of mixed-use, industrial, residential, multifamily, hospitality, and office properties. If you’re driven by true and lasting community impact, speed, and innovation, this is where you’ll thrive. POSITION SUMMARY: The ideal candidate will be intellectually curious, thrive in an entrepreneurial setting and want to be instrumental in building an excellent organization. The Director of Hospitality Investments will be responsible for training and mentoring the more junior acquisitions and development team as well as recruiting and retaining talent. In this role, you will utilize your extensive industry knowledge and network and be responsible for aiding in the process of sourcing, underwriting and closing new opportunities to ensure a strong investment pipeline. Key Responsibilities Analyzes and provides recommendations on potential projects and investment opportunities, as directed. Identify and build a pipeline of marketed and off-marketed investment opportunities. Hires and manages third-party consultants for market research and feasibility analyses. Manages the appraisal process on the development and acquisition of new projects. Works with prospective third-party managers to develop operating projections and assists in the negotiation of new management contracts through financial implication interpretation. Oversees the evolution of the company’s proformas, and guides analysts in creating new models and customizing existing models to handle a wide variety of situations, as needed. Develops and continuously improves presentations for investment committee, equity raising, and debt capitalization. Attends major hotel conferences, maintaining deep hospitality network connections, and stays actively involved with continuing education through industry reading and research. Improve performance at existing hotels, new developments, and acquisitions by influencing value factors including management company decisions, branding, programming, land acquisition, and renovation strategy. Report to the EVP of Hospitality Development, with direct communication to the McWhinney executive team including equity and debt partners. Reviews proformas and research completed by the analyst team to ensure accuracy, presentation, and product are suitable for review by CIO of hospitality. Reviews and prepares responses to RFPs, Equity Investment Packages, and Investment Committee packages. Trains and mentors new analysts and interns. Manages the underwriting pipeline for the department and assists in the sourcing of new development and acquisitions. Participates in critical agreement discussions and negotiations (HMA, TSA, PSA, Franchise, etc. , and understands what an acceptable agreement looks like for McWhinney. Qualifications Four Year Degree – Preferably with Concentration in Real Estate Finance or Hospitality Management Typically, four to seven years of experience in a real estate development, acquisitions, finance, or asset management role; with significant project experience. Can articulate the key drivers of a hotel operating P&L and leverage data to identify areas of opportunity. Can manage multiple complex deals/projects at once with ability to prioritize tasks effectively in a fast-paced environment. Deep understanding of hospitality operations, asset valuation, and real estate investment strategies Advanced understanding of hospitality real estate transactions for development and acquisitions. Ability to learn new skills/topics and evaluate non-traditional hotel revenue streams (membership clubs, ski, waterpark, golf, etc.) Highly proficient in Microsoft office suite, including excel. Familiarity with Dealpath, Costar and LARC reporting. Hotel operations experience is preferred. Excellent organizational skills and attention to detail. Strong interpersonal communication and writing. Benefits McWhinney offers a competitive benefits package for full-time Associates including medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k), and employee assistance plan. Additionally, we offer a generous paid time off plan that includes a week off between Christmas and New Year’s! This job description is intended to provide a general overview of the position. It is not designed to be a comprehensive nor detailed description of all the responsibilities and accountability of the role. As an agile company, our positions can and do change based on the business need of the organization. McWhinney is committed to the principle of equal employment opportunity for all associates. All employment decisions at McWhinney are based on business needs, job requirements and individual qualifications. All applicants will be considered for employment without attention to age, race, color, sex, sexual orientation, gender identify, national origin, veteran or disability status.
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Location:
Denver, CO
Job Type:
FullTime
Category:
Accountancy

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