Full Job Description
The VP Development, Strategic Partnerships and Feasibility will play a direct role in sourcing and underwriting opportunities through capital relationships.
The role will provide financial feasibility expertise and support negotiations for the most complex and strategic transactions, including recapitalisations, joint ventures, co-investments, portfolio transactions and partnerships.
The position will play a key role within the Development team throughout the deal lifecycle, from origination and feasibility assessment through to execution.
Your main responsibilities will include:
• Oversee the financial feasibility of complex luxury projects.
• Produce complex financial models and valuations, covering the full capitalisation of the projects assessed.
• Originate and structure portfolio, joint venture, platform and balance sheet transactions.
• Develop creative deal structures, including key money, joint venture equity and recapitalisation solutions.
• Define the strategic investment approach and development strategy, in collaboration with the Development team and under the oversight of the Chief Development Officer, Luxury North America.
• Lead distressed-asset and recapitalisation strategies.
• Oversee the capital vehicle programme.
• Source opportunities through capital relationships.
• Build senior relationships with owners and investors active in the luxury hospitality sector.
• Engage buyers and brokers at an early stage regarding luxury hotels being traded.
• Promote Accor's offers to existing partners and prospective partners.
• Represent Accor at investment conferences and owner forums.
• Define new fee models to improve the conversion of opportunities through new brands.
• Implement more innovative approaches to transactions, moving beyond a model focused solely on fees for Accor.
• Support Operations and Development teams during complex negotiations.
• Ensure that the Development process is fully supported throughout the deal lifecycle.
• Sponsor transactions for review by the Investment Committee.
• Oversee qualitative reporting and market analysis for communication to the regional Hub and Group stakeholders.
• Oversee the Feasibility team and the feasibility activities of the Americas Development team.
Qualifications
Background and experience
• Degree in Business, Hospitality or Property Economics.
• At least 10 years of experience across principal acquisitions, including experience within private equity, a REIT or an institutional owner, as well as brand development and owner-side advisory.
• Proven experience in hotel transactions, including acquisitions, recapitalisations or restructurings.
Competencies
• Hotel financial modelling
• Executive communication
Additional Information
The hiring range for this position is $240,000 - $255,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors. A bonus and/or long-term incentive units may be provided as part of the compensation package, in addition to the full range of medical, financial, and/or other benefits, dependent on the level and position offered.
LEARNING & DEVELOPMENT:
Management talent at the earth our of HR Accor strategy.
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