What are the responsibilities and job description for the Development Associate position at Omni Hotels & Resorts?
Overview
Omni Hotels and Resorts creates genuine, authentic guest experiences at 60 distinctive luxury hotels and resorts in leading business gateways and leisure destinations across North America. Omni Hotels is known for its exemplary culture, authenticity to the markets in which we operate, innovation and exceptional service. Our commitment to career development has created tenure and loyalty that enables us to perpetuate our family atmosphere.
Job Description
Omni Hotels & Resorts operates 50 hotels with more than 23,000 guest rooms across North America and is one of the preeminent full-service hotel developers in the world. With over $1 billion in active development projects, Omni is positioned well to continue its commitment to strategic expansion through opportunistic and disciplined investment.
The Development Associate will be responsible for supporting the growth initiatives of Omni Hotels & Resorts through acquisitions, development and portfolio optimization. This person will support all aspects of financial underwriting and diligence and will work closely with senior executives in the organization to produce materials ultimately drive investment decisions. As such, a high degree of accuracy and attention to detail, which fosters credibility with our investment committee.
Responsibilities
- Perform market research for prospective investment opportunities (identifying market fundamentals, competitive properties, etc.) and prepare analysis that support assumptions around programming, rate, occupancy and more for the subject opportunities. Assess incoming supply, local economic conditions, travel patterns, etc.
- Prepare pro formas and investment return analyses to enable decision-makers to evaluate investment opportunities.
- Coordinate with various departments within the organization to ensure all aspects of underwriting are consistent with operational expectations.
- Support the all aspects of transaction process (diligence, underwriting, documentation, structure, closing, etc).
- Communicate potential issues, risk and liability concerns.
- Work closely with all members of the development group in underwriting hotel investment opportunities.
- Develop presentations and materials for use in meetings with potential partners, investors, leaders, developers, etc.
- Maintain and update the status of projects/deals within the development pipeline.
Qualifications
- Bachelor’s Degree preferably in finance, accounting, hospitality or another business-related field.
- Three to five years of work experience with real estate investments and underwriting.
- Strong analytical skills to review and interpret financial statements.
- Excellent verbal, written and interpersonal communication skills.
- A well-organized individual capable of multi-tasking and meeting multiple deadlines.
Omni Hotels & Resorts is an equal opportunity/AA/Disability/Veteran employer. The EEO is the Law poster and its supplement are available using the following links: EEOC is the Law Poster and the following link is the OFCCP's Pay Transparency Nondiscrimination policy statement If you are interested in applying for employment with Omni Hotels & Resorts and need special assistance to apply for a posted position, please send an email to applicationassistance@omnihotels.com.
