About the role
Overview
Opportunity: Associate of Acquisitions & Business Development
Our Philadelphia corporate office is seeking an Acquisitions and Business Development Associate to join our private equity investment platform. You will work alongside veterans with over 30 years of experience in hotel investment. This role focuses on underwriting domestic hotel acquisitions and conducting detailed feasibility analyses for prospective markets. You will manage complex transaction structures including mezzanine financing and joint ventures.
Your Growth Path
Senior Associate of Acquisitions – Director of Acquisitions – Vice President of Acquisitions & Development
Your Focus
- Leading the underwriting, due diligence, and execution of hotel acquisitions and development opportunities and presenting findings to Vice President of Acquisitions & Development.
- Conducting detailed market and feasibility analyses for new markets, portfolios, and individual acquisition opportunities.
- Developing and maintaining financial models for existing and prospective investments.
- Negotiating business term sheets and contracts for management and investment opportunities
- Sourcing off-market investment opportunities.
- Coordinating real estate transaction structures, including multi-tiered promote structures, mezzanine financing, incentive management fees, and joint ventures.
- Compiling operating data and research on industry trends, and preparing presentations for monthly acquisitions meetings and quarterly presentations to the HHM Investment Committee and Board of Directors.
- Working closely with other division leaders (Operations, Legal, Accounting) to transition new hotels and develop relationships with key institutional partners.
- Perform other duties as requested by management.
Your Background and Skills
- Bachelor’s degree required, preferably in Finance, Real Estate, Business or Hospitality; MBA is a plus, but not required
- Minimum two years of experience in real estate or hotel acquisitions and development; Investment Banking or Private Equity experience preferred
- Deep market knowledge and experience conducting and presenting feasibility studies
- Experience negotiating real estate transactions, including operating terms, capital structures, promoted interests, and joint venture documents
- Exceptionally strong Excel-based financial modeling skills as well as proficiency in MS Word and PowerPoint
- Strong analytical, problem solving, and decision making skills
- Demonstrated track record with external client relationships
- Excellent presentation as well as verbal and written communication skills
- A self-starting approach and long term focus on developing a career in real estate investing within a fast growing and entrepreneurial company
HHM Benefits and Perks
Competitive wages for full time and part time opportunities
Medical, Dental and Vision Health Insurance
Paid Time Off
401k Company Match
Free Basic Life Insurance
Travel Discounts
Commuter Transit and Commuter Parking Benefits
Annual Incentive Program
Employee Assistance and Wellness Program
Educational/Professional Development
Technology Reimbursements
Referral Bonus Program
Work Environment and Context
- Required to sit for extended periods, lift up to 10 pounds, bend, reach, use hands and fingers to operate keyboard
- Extended work hours may be required as needed and determined by deal flow
- Occasional travel to managed properties and potential investment properties
What We Believe
People Are Our Capability – Hearts That Serve – Only Excellence – Stay Nimble - Own It
About Us
HHM Hotels is proud to be an equal-opportunity employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, marital status, pregnancy, national origin, ancestry, age, religion, disability, veteran status, genetic information, citizenship status, or any other group protected by law.