Associate / Senior Associate, Asset Management (Hospitality)

Brookfield Properties•New York, NY

11d•Onsite

About The Position

This role reports into the Senior Vice President of Hospitality and combines investment and portfolio management responsibilities in the oversight of a ~ $10 billion, 100+ asset premier North American hospitality portfolio. The Associate / Senior Associate will support portfolio-level strategy across a large hospitality portfolio, collaborating with asset management as well as investment, capital markets and finance teams. The Portfolio Management team is specifically responsible for capital allocation decisions, investment analysis, capital structure, buy/sell decisions, liquidity analysis, investor relations and business plan oversight. 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. This position would be suitable for those candidates who meet the role qualifications and who thrive in a performance-driven environment that emphasizes employee leadership and accountability for delivering results.

Requirements

Bachelor’s degree in business, finance, accounting or related field
4+ years of professional experience
2+ years of real estate experience in portfolio management, acquisitions, investment sales, and / or asset management preferred; however, consideration will be given to experience in one or more of the following industries: commercial real estate, investment banking, real estate lending, or similar
Exceptional analytical, financial modeling, and valuation skills
Strong understanding of markets, pricing, and valuation dynamics
“Thinks like an owner” – focused on creating value while minimizing risk
Excellent critical thinking and problem-solving skills
Shares informed views and recommendations with confidence
Attention to detail and ability to learn quickly
Reliable, diligent, and hard-working

Responsibilities

Apply investment discipline to complex situations and transactions
Support capital allocation and financing decisions within the hospitality portfolio, ensuring alignment with broader strategic and financial objectives
Manage liquidity analyses, prepare and deliver presentations to leadership, and offer strategic recommendations
Work with the asset management team to execute the business plan, spanning financial and operational oversight
Prepare ROI analyses to evaluate capex-driven initiatives and promote the long-term growth of the portfolio
Collaborate across teams to develop and present various analyses to senior management
Own quarterly valuations of the hospitality portfolio and present business plans to senior leadership
Build and maintain highly functional, detailed financial models to support decision-making for portfolio, corporate and single asset investments
Prepare well-formatted, concise, and professional written materials that clearly communicate results and conclusions
Conduct complex scenario analyses at the corporate / portfolio level
Develop customized analyses for investors that inform investment decisions as well as strategic portfolio positioning
Review and challenge financial projections and business plans, providing suggestions for improvement where applicable
Distill complex information into clear, concise insights for memos and presentations
Present and explain complicated concepts and analysis to senior leaders
Actively contribute in meetings and discussions with senior management
Serve as a collaborative team player who fosters strong working relationships across functions
Identify and leverage internal resources effectively
Represent Brookfield professionally in external interactions with brokers, investors, and other third-parties