Manager, Acquisitions & Development - CORP

Montage International • Irvine, CA

1d • $108,000 - $115,000

About The Position

Montage International’s Acquisitions & Development team supports growth of the Montage and Pendry brands by sourcing opportunities, assessing project feasibility, securing capital partnerships, negotiating management contracts, and maintaining owner relations throughout development. The Manager supports the team’s continued domestic and international growth by analyzing potential acquisitions, conversions, and development opportunities. The role focuses on market research and analysis, feasibility studies, financial underwriting, and presentation materials.

Requirements

• Bachelor’s degree in hospitality, real estate, finance, business, or a related discipline with a strong academic record, or relevant work experience.
• At least 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 venture, and promote structures.
• Understanding of lodging industry metrics and ability to read and understand hotel financial statements.
• Detailed knowledge of Microsoft Office, including strong real estate investment modeling skills in Excel and proficiency in Word and PowerPoint.
• Attention to detail and understanding of luxury hospitality operations.
• Collaborative mindset, ability to listen and comprehend information, support timely information flow, and build strong relationships.
• Strong quantitative, verbal, and written skills, with the ability to communicate rationally and concisely.
• Strong organization and time-management skills, responsiveness, and ability to balance priorities and manage multiple projects simultaneously.
• Ability to work independently and as part of a team.
• Strong interpersonal skills and ability to represent Montage International internally and externally.
• Highest standards of ethical behavior and 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 operating pro formas and complex investment cash flows.
• Organize and maintain the company’s market-data database, including internal market research, STR reports, and feasibility studies.
• Maintain a database of hotel performance, including revenues and expenses, for evaluating the feasibility of hotel opportunities.
• Conduct feasibility analysis and market research for new projects and locations, including desktop research and collection of market and comparable-property data; assess 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 to operations and finance.
• Develop and maintain relationships with peers in the hospitality industry.
• Undertake other projects and tasks as needed to support the development process.

What This Job Offers

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