What are the responsibilities and job description for the Real Estate Development Analyst (Commercial/Hotel/Retail/Land/Property – Market Research & Analysis) position at HRMC?
The Employer : HRMC has partnered with a privately held, family-owned and operated real estate development company that owns, develops, designs and builds Drury Hotels. For over 51 years, the Drury family of companies has operated on good business values of hard work, fair prices, dedication and honesty, and currently owns and operates over 150 hotel properties in 27 states. This is a vertically integrated company with over 100 employees actively developing and building over 1,000 new Drury hotel rooms at a time, across the country. With an experienced in-house team of developers, architects, engineers, interior designers, construction managers, legal support, and finance professionals, this team comes together to complete projects that live up to the company’s founding principles, delivering the highest quality hotels at fair and honest prices.
Basic Function : The Development Analyst is responsible for researching, compiling and managing data utilized by the development team in the strategic decision making for Drury Hotel sites. The Development Analyst will provide analysis and support to all development team members on variety of projects / markets across all functional areas of the development team process including strategic research / analysis, market feasibility, site acquisition, zoning / entitlement and asset management. This person will be given increasing levels of responsibility for various markets / projects providing the opportunity for growth and advancement within the development department. "Analyze and influence the future of our hotel and commercial real estate development."
Working Relationships :
Reports to a Director of Development and supports other members of the development team including Development Associates and Development Managers.
Collaborates with departments throughout the company including architecture, construction, engineering, design, legal, finance, and accounting. May assist Director, Manager, or Associate in leading multi-department projects or lines of effort.
Supports Development Associates, Managers and Directors in the hiring and management of external resources (consultants, engineers, etc.).
General Job Duties :
Identify, gather, analyze and compile market reports outlining hotel demand generators to determine feasibility for new hotel development (i.e., leisure activities, universities, hospitals, office parks, convention centers, airports, residential density).
Locate and analyze data for competitive hotels in target markets and monitor news / updates for planned / future hotel competition.
Run demographics reports for target markets and identify general trends in growth and income levels.
Monitor real estate listings, auction.com, foreclosures, and mergers for potential development opportunities.
Research and summarize zoning codes. (i.e. use restrictions, density, parking, heights, setback, and signage).
Compiling traffic counts, researching highway plans, and identifying proposed short / long term changes that may impact a market / site.
Research impact fees, development costs, and historical construction costs in support of new hotel / renovation budget preparation.
Analyze historical Drury Hotel performance data and new market competitor data in support of new hotel performance projections.
Compile sale comparables and summarize land values and tax rates.
Prepare market reports and exhibits for real estate / investment committee deliverables.
Coordinate / track due diligence tasks. (i.e., Environmental, survey, geo-tech, zoning).
Assist the development team in obtaining necessary approvals / entitlements.
Support development team with hotel sales (coordinate marketing efforts, manage closing checklists, resolve varied issues, etc.).
Travel with the development team to review markets and sites.
General Knowledge, Skill, and Ability :
Strong data research, analysis and organization skills.
Must be able to work in a collaborative team environment, take direction from others, solve problems and think critically.
Strong work ethic with the ability to focus on multiple tasks to deliver accurate, complete assignments.
Demonstrates a positive attitude when handling a variety of daily tasks and challenges.
Displays persistence in overcoming obstacles with a “can-do” mentally.
Must be flexible in approach to tasks recognizing alternatives and improvements to achieve acceptable solutions.
Basic Microsoft Office program skills are required including knowledge of Outlook, Word, Excel, and Power Point.
General business, finance and real estate acumen preferred.
Experience presenting to groups.
Education / Experience : Minimum of Bachelor’s Degree (Preferred emphasis in business, economics, legal, finance, or real estate). Advanced degrees are also advantageous for candidacy. This is an entry level role with no professional experience required but candidates must possess strong analytical and critical thinking skills. You would serve in a critical supportive role in researching, analyzing, organizing, and presenting data used for development decision making for new Hotel sites. Hotel related industry experience or education a plus.
