Manager, Investments (Hybrid, Newton, MA or Orlando FL)

Sonesta International Hotels Corporation

$115K — $135K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Four-year degree in Hospitality Real Estate, Finance/Business Analytics, or Hospitality Management; MBA is a plus
  • 5+ years of experience in hotel feasibility or valuation
  • Experience with real estate analysis in multifamily as a potential asset
  • Proficient in analyzing all scales of hotels, from economy to luxury
  • Deep understanding of real estate valuation methodologies including IRR and DCF analyses

Responsibilities

  • Prepare fee projections and valuations for new hotel management opportunities
  • Conduct hold vs sell analyses for current hotel portfolio
  • Assist in underwriting transactions and managing assets with detailed financial analysis
  • Engage in major capital expenditure projects in the hotel portfolio
  • Prepare and present investment memorandums and deal summaries
  • Analyze performance trends and maintain updated market knowledge
  • Create and sustain financial analysis tools and reporting mechanisms

Benefits

  • Medical, Dental and Vision Insurance
  • Health Savings Account with Company Match
  • 401(k) Retirement Plan with Company Match
  • Paid Vacation and Sick Days
  • Sonesta Hotel Discounts
  • Educational Assistance
  • Paid Parental Leave
  • Company Paid Life Insurance
  • Company Paid Short and Long Term Disability Insurance
  • Various Employee Perks and Discounts
  • Hospital Indemnity
  • Critical Illness Insurance
  • Accident Insurance
Full Job Description

Job Description Summary

The Manager, Investment will support the Lodging Development and Strategy with investment analyses, asset management, underwriting and investment appraisal. The candidate will interact with senior management and key stakeholders on projects, presentations and approvals. The manager will work on projects as directed including but not limited to preparing proformas, reporting gather data, and track initiatives. Some travel may be required.

This is a hybrid position that requires in-office attendance Tuesday through Thursday. To be considered for this role, candidates must be able to reliably commute to either our Newton, MA or Orlando, FL office.

Job Description

KEY RESPONSIBILITIES:

  • Prepare fee projections and valuations for new management and franchise opportunities – with or without capital commitments.

  • Prepare hold vs sell analyses on existing hotels in the portfolio.

  • Assist in transaction and asset management underwriting utilizing proformas, DCF and direct capitalization analysis.

  • Participate in major capex and special projects pertaining to the owned and managed portfolio.

  • Assist in the preparation and presentation of investment memorandums and deal summaries.

  • Analyze performance trends and monitor hospitality industry and real estate market developments.

  • Create and maintain portfolio reporting and financial analysis tools, such as dashboard reports, monthly critiques, strategic plans, budget analysis, and ROI models.

  • Perform necessary ad-hoc analyses to further support the Strategy and Lodging Development team.

  • May be responsible for one or two direct reports.

EDUCATION/EXPERIENCE:

  • Four-year degree with preference in Hospitality Real Estate, Finance/Business Analytics, or Hospitality Management. Emphasis placed on financial analysis and problem-solving skills.

  • MBA is a plus.

  • 5+ years of experience in feasibility or valuation within hotel industry, real estate experience (specifically multi family) may also be considered.

  • Analyzing all scales/classes of hotels (economy to upper upscale/luxury).

  • Franchise and acquisition impact analysis.

REQUIRED SKILLS:

  • Understanding of real estate valuation methodologies including IRR, ROI analysis, and DCF analyses

  • Problem solving and critical thinking skills.

  • Advanced level of proficiency in Excel, word and power point.

  • Resourceful self-starter that is organized and task oriented.

  • Effective communication and interpersonal skills.

  • Confident, enthusiastic, and entrepreneurial.

  •  Proficient with P&Ls/operating statements.

Additional Job Information/Anticipated

Pay Range

$115,000 to $135,000. Base pay offer may vary depending on various factors, including but not limited to job related knowledge, skills and job specific/overall experience.

Benefits

Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including:

  • Medical, Dental and Vision Insurance
  • Health Savings Account with Company Match
  • 401(k) Retirement Plan with Company Match
  • Paid Vacation and Sick Days
  • Sonesta Hotel Discounts
  • Educational Assistance
  • Paid Parental Leave
  • Company Paid Life Insurance
  • Company Paid Short Term and Long Term Disability Insurance
  • Various Employee Perks and Discounts
  • Hospital Indemnity
  • Critical Illness Insurance
  • Accident Insurance

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