Vp Hotel Acquisitions and Asset Management

3 weeks ago


New York, United States Dovetail + Co Full time

**About Dovetail + Co**

Dovetail + Co is a creative, full-service hotel real estate investment firm headquartered in New York City with assets from Hawaii to Bermuda. Founded in 2018, we currently own interests in and/ or manage seven hotels and 17 bars and restaurants with AUM in excess of $325M.

**Position Overview**

**Position Responsibilities**
- Originate, underwrite, negotiate, and close operating, value-add, and new build hotel and experiential real estate investments.
- Oversee and drive the underwriting and due diligence of each transaction including financial modeling; market surveys; financial analysis and the creation of investment overviews.
- Work with legal counsel to negotiate purchase agreements, partnership agreements, loan documents, hotel management agreements and related legal documentation.
- Lead asset management of hotels and other investments, including investor reporting, major capital events (e.g., financings and refinancing), strategic asset-level business planning, and the eventual sale of each property.
- Develop and maintain financial models on existing assets using portfolio benchmarking and DCF models to track and review asset-level returns and performance.
- Consolidate, analyze and model financial data including budget analysis and income statement forecasting on a monthly, quarterly, and annual basis.
- Train, develop, and oversee investment analysts and associates.

**Qualifications**
- 7+ years of commercial real estate including a minimum of 4 years of direct hotel acquisitions and asset management experience on the principal side
- A bachelor’s degree in hotel administration, finance, or business; MS/MBA a plus.
- Must have an owner’s mentality and act as a fiduciary for each asset and investment.
- Effective negotiator with demonstrated ability to achieve consensus.
- Sophisticated financial skills and capital markets perspective with ability to structure investments to achieve Company’s investment requirements.
- Impeccable integrity and trustworthiness.
- Strong network of contacts among owners, managers, brokers, financiers, and others active hotel investment professionals.
- Self-motivated and driven with the ability to take initiative, complete tasks, and meet tight deadlines.
- Willingness and ability to travel.
- Proficient in Excel, PowerPoint, Word.

**Compensation**
- Base salary and incentives will be commensurate with experience includes full benefits (e.g., health + dental insurance)

We are excited to hear from you

Pay: $150,000.00 - $200,000.00 per year

**Benefits**:

- Dental insurance
- Flexible schedule
- Health insurance
- Paid time off
- Vision insurance

Schedule:

- Monday to Friday

Supplemental pay types:

- Bonus opportunities

Ability to Relocate:

- New York, NY 10022: Relocate before starting work (required)

Work Location: Hybrid remote in New York, NY 10022



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