Associate, Asset Management (Hospitality)

Brookfield Asset Management•New York, NY

44d•$140,000 - $150,000•Onsite

About The Position

We are seeking an Associate to join the Brookfield Properties’ Hospitality team, based in NYC. This position will support the North American Hospitality team in overseeing all hospitality investments and assist with analysis that drives strategic decision-making. This is an opportunity to join an experienced team responsible for one of Brookfield’s largest real estate sector portfolios. Brookfield Asset Management’s North American hospitality holdings total over 29,000 guestrooms across 100+ properties valued at ~$10 billion across multiple different chain scales (from Economy to Luxury). We seek to maximize asset value in each of our assets through renovation, rebranding, expansion or other value. BPG also owns hospitality assets outside of North America. Our global portfolio also contains premier assets in Europe, the UK, Asia and Australia. This team is responsible for strategic oversight of Brookfield’s real estate investments (structured as either a portfolio company or individual investment). They are principally responsible for overseeing the hotel performance and operating teams in the execution of the business plans. Strategic decision-making – such as financing, capital investments, renovations, hold-sell, key branding and manager decisions, etc. – are the purview of portfolio managers. Collaboration with capital markets, design & construction, finance, tax, compliance, legal etc. is required to monitor our investments and ensure our business plan and strategy objectives are being met. The new Associate will support the North American Hospitality business in the role described below.

Requirements

Bachelor’s degree in finance, business, real estate or related area
3-5 years of experience in investment banking, M&A, real estate investing, and/or private equity
Exceptional analytical, financial modeling and valuation skills
Attention to detail and ability to learn quickly
Excellent interpersonal and communication skills
Self-directed and motivated with ability to work independently and as part of a team
Reliable, diligent, and hard working with capability to thrive in a high-energy, fast-moving environment
Proficiency in full suite of Microsoft Office products (Excel, PowerPoint, and Word)
Strong knowledge of capital markets and real estate
Leadership capabilities and a business mindset
Unquestionable ethics and integrity

Nice To Haves

experience with hospitality preferred but not required

Responsibilities

Prepare quarterly valuation models; which includes review of investment performance track record and any changes to returns and asset valuations.
Prepare quarterly internal submissions and valuation presentations for Senior Management.
Support strategic analysis and portfolio investment decisions through financial modeling, including Hold/Sell models and recapitalization analysis.
Support disposition-related activities such as obtaining Broker Opinions of Value, creation of investment committee recommendation presentations, and management of sale process.
Support recapitalization efforts including development of financing offering and investment committee presentations, as well as recapitalization negotiation and closing efforts
Assist with property transactions, including acquisition, disposition, refinancing and management change with respect to its impact on accounting/valuations
Contribute to managing lender relationships through performance analysis and creation of external presentation materials.
Play an integral role in onboarding and integration of new assets into the asset management and broader hospitality platform’s existing processes
Direct involvement in quarterly forecasting and annual business planning, including preparation of business plan materials for private and public teams across Brookfield
Coordinate with third parties on external valuations to support quarterly valuation needs