Manager, Acquisitions & Development - CORP

Montage Hotels & Resorts • Irvine, CA

2d

About The Position

Montage International seeks distinctive locations for its Montage and Pendry brands, protecting their unique values, destinations, and guest experiences. The Acquisitions & Development team supports portfolio growth by sourcing opportunities, assessing project feasibility, securing capital partnerships, negotiating management contracts, and maintaining owner relations throughout development.

The Manager, Acquisitions & Development supports the team’s growth of the Montage and Pendry brands by analyzing potential acquisitions, conversions, and development opportunities in the United States and internationally. The role conducts market research and analysis, feasibility studies, financial underwriting, and prepares presentation materials. It also supports project reviews, maintains market and hotel performance databases, updates pro formas through the transition to operations and finance, and develops relationships with hospitality industry peers.

Requirements

• Bachelor’s degree in hospitality, real estate, finance, business, or a related discipline with a strong record of academic achievement, or relevant work experience.
• Minimum 2 years of experience in hotel or real estate financial modeling, feasibility, and market studies.
• Experience and knowledge of hotel operating pro formas and basic real estate finance concepts, including NPV, IRR, DSCR, LTC, joint ventures, and promote structures.
• Understanding of lodging industry metrics and ability to read and understand hotel financial statements.
• Detailed knowledge of Microsoft Office applications, including highly skilled real estate investment modeling in Excel and proficiency in Word and PowerPoint.
• Consistent attention to detail and an understanding of luxury hospitality operations.
• Collaborative mindset, ability to listen and comprehend information, create timely information flow, and build strong relationships.
• Strong quantitative, verbal, and written skills, with the ability to communicate messages rationally and concisely.
• Strong organizational and time-management skills, responsiveness, and ability to balance priorities, work activities, and resources while managing multiple projects simultaneously.
• Ability to work independently and as part of a team.
• Strong interpersonal skills and ability to represent MI internally and externally.
• Highest standards of ethical behavior and absolute discretion with sensitive information.
• Ability to travel up to 25%, depending on location and project intensity.

Responsibilities

• Assist in assessing and reviewing potential projects, including data rooms, market studies, and site plans.
• Underwrite acquisition, development, and management opportunities, including detailed operating pro formas and complex investment cash flows.
• Organize and maintain MI’s market data database, including internal market research, STR Reports, and feasibility studies.
• Maintain a database of MI Hotels’ revenue and expense performance for evaluating the feasibility of hotel opportunities.
• Conduct feasibility analysis and market research for new projects and locations, including desktop research and data collection on markets and comparable properties, and draw conclusions about project viability under the Montage or Pendry brands.
• Assist with executive-level presentations supporting the development process, including RFP responses and presentations for potential developers and investors.
• Update and maintain pro formas after management agreement execution and through the transition process to operations and finance.
• Develop and maintain relationships with hospitality industry peers.
• Complete other projects and tasks in support of the development process as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager