Corporate Director of Investment Analysis

The Corporate Director of Investment Analysis is an integral member of Crescent's Business Development team. S/he will be responsible for underwriting prospective management opportunities for Crescent by evaluating (a) existing and (b) to-be developed hotels, that may be tied to (i) an investment sale with new ownership, (ii) existing ownership looking to change managers or (iii) RFPs run by 3rd party consultants/advisors. The individual will thrive on working in a team-focused and high-growth environment, where the organization's commitment to its culture, accountability and values matters. This position works within the Business Development department and will report directly to Vice President of Investment Analysis.

Remote position within the United States or Canada

Here is what you will be doing each day:

*Underwrite and screen lodging investment opportunities for institutional investors on assets undermanagement or potential acquisitions with regards to investment opportunities, profitability and exit strategies.
*Analyze core, value-add and new development opportunities across chain scale segments, including soft-branded hotels and independent hotels.
*Create business plan thesis to support underwriting based on market, asset enhancement and management opportunities.
*Prepare and present formal memoranda and other recommendations to owners/investors/clients.
*Manage (directly or via supervision of others) transaction due diligence and transition processes, including coordination with brands, internal departments, owners, consultants, financing sources and other counterparties.
*Actively develop and deepen the firm's network of sources of deal flow with brokers, influencers, existing owners and prospective clients.
*Have a deep expertise in the major U.S. markets. Summarize reports of economic indicators for local and regional markets to anticipate future growth and opportunities in certain locations.
*Mentor one or more analysts, associates, and/or other personnel.
*Proactively identify opportunities for internal and external process improvement and coordinate with relevant departments to implement.
*Contribute, at the direction of senior management, to special projects requiring data analysis to improve company's business model and expand its competitive edge.
*Represent the firm at lodging industry conferences and other events.
*Serve as a team player with the business development department, ability to agile and team oriented.
*Thoroughly understand and actively promote Crescent's culture and core values.
*Assist with identifying and recruiting talent to the Business Development team.
*Actively foster relationships with personnel in other departments.

Knowledge, Skills and Qualifications we are seeking:

* Minimum 3-5 years of U.S. lodging industry knowledge with experience in hospitality real estate, finance or brokerage.
* Bachelor's degree in finance, business, hospitality or related discipline
* Ability to oversee elements of underwriting and execution process for hotel transactions, including:

Creation and review of sophisticated financial models for evaluation of various investment criteria, including IRR, cap rates, and cash flow waterfalls.
Review of financial results of hotel assets.
Review / creation of highly detailed operating pro formas.
Valuation analysis for individual assets and on a comparative basis.
Understanding of debt financing options.
Experience conducting due diligence on hotel assets.
Thorough, well-rounded knowledge of U.S. lodging industry, including markets and trends, such as evolution of brands and consumer desires.
Strong, demonstrable business and technical writing skills, including ability to draft or contribute to reports, investment memoranda, presentations and the like.
Strong Excel modeling skills - able to work within existing, complex models and create smartly designed ad hoc analyses to support underwriting.
Strong, demonstrable oral communication skills, including the ability to present to internal and external audiences.
Reputation as a team player with a strong work ethic, integrity, candor and willingness to accept responsibility and accountability for their work.
Ability to travel.
Must be able to operate independently.

For applicants who will be working in NYC, the anticipated compensation range for the position is $169,800 - $192,440; for applicants who will be working in Colorado, the anticipated compensation range for the position is $151,500-$171,700; for applicants who will be working in Washington, the anticipated compensation range is $160,200-$181,560; for applicants who will be working in California, the anticipated compensation range for the position is $168,460-$190,910. The salary offered to a successful candidate will be dependent on several factors that may include but are not limited to years of experience within the job, years of experience within the required industry, education, work location, etc. Crescent Hotels is a multi-state employer and the salary ranges indicated herein may not reflect positions that work only in other states.