What are the responsibilities and job description for the Hotel Asset Management Analyst - Greenwich, CT position at Starwood Capital Group?
Company Overview:
Starwood Capital Group is a private investment firm with a core focus on global real estate. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have 5,000 employees. Since its inception in 1991, Starwood Capital Group has raised over $80 billion of capital, and currently has ~$115 billion of assets under management. Through a series of comingled opportunity funds and Starwood Real Estate Income Trust, Inc. (SREIT), a non-listed REIT, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Starwood Capital also manages Starwood Property Trust (NYSE: STWD), the largest commercial mortgage real estate investment trust in the United States, which has successfully deployed over $98 billion of capital since inception and manages a portfolio of over $26 billion across debt and equity investments. Over the past 32 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at www.starwoodcapital.com.
Position Description:
The Analyst for the Hotel Asset Management Team will be based in Greenwich, CT with the possibility to work on occasion out of the firm’s NYC office. The Analyst will focus primarily on supporting all strategic asset management initiatives related to the private select-service hotel REIT portfolio. The portfolio currently consists of 174 hotels branded predominantly across Marriott, Hilton, and IHG.
Responsibilities:
- Analyze portfolio performance and monitor key performance indicators across various loan pools, managers, and brands
- Model complex cash flows and partnership structures to report asset performance and prepare quarterly valuations for Starwood executive team and investors
- Act as a portfolio manager for the fund helping make key decisions for loan maturities, capital deployment, asset level hold/sell recommendations, etc.
- Conduct monthly P&L reviews to identify key trends and coordinate with management partners to identify operational opportunities and collectively determine successful action plans
- Assist in the development of monthly/quarterly reporting, including presentations and investment summaries, for Starwood executive team and investors
- Support senior asset managers in all aspects of disposition and financing/re-financing including working with brokers, lenders, and negotiating key documents with potential buyers
- Maintain excellent knowledge of local hotel markets, including competitor information, recent transactions, and supply pipeline
- Collaborate with internal and external design and construction teams to execute on hotel renovations and capital projects
- Build productive working relationships with various brokers, lenders, vendors, consultants, brand representatives, etc
- Travel, domestically to visit real estate assets, companies and key stakeholders
Qualifications:
- 1-3 years relevant experience, including: real estate acquisitions, asset management, construction management/budgeting, operations, or finance (Hospitality experience preferred)
- Strong communication skills (both written and oral)
- Development and/or real estate cash flow modeling experience
- Strong quantitative and technical/computer skills (including proficiency in Microsoft Excel and Powerpoint)
- Strong understanding of hotel Profit and Loss statements and Balance Sheets
- Bachelor’s degree in real estate, finance, business or related area
- A true self-starter capable of accomplishing complicated tasks with limited supervision
- Authorization to work in the United States
