Hotel Asset Management and Acquisitions Associate
Hotel Asset Management and Acquisitions Associate
About Real Estate Equity Team
The Fortress Real Estate Equity team began investing in 2009. Leveraging the breadth of the Fortress platform, the teams purview spans the globe with a focus on the US, Japan and Western Europe. We target mid-sized opportunities where our institutional approach and differentiated asset management capabilities drive value creation for our investors. We have invested over $10 billion of equity globally across more than 400 real estate transactions. We passionately care about our investments and believe the rigor of our processes leads to enhanced outcomes
About the Position
Fortresss Dallas office has an opening for a Hotel Asset Management and Acquisitions Associate to join the commercial real estate team, specifically focused on principle equity for hospitality investments. The candidate will directly support a Managing Director and a Vice President with asset management, deal screening, underwriting, and due diligence of a portfolio of Hospitality investments.
Responsibilities
Asset management of the investments through execution and refinement of the business plan to achieve the investment goals
Monthly reviews of financial statements, STAR reports, and market data, and regular communication with property manager to stay apprised of asset performance and market trends
Involved with the oversight of CapEx projects including processing construction draws and cash management
Perform regular valuations of assets/investments
Perform ad hoc hold/sell analysis, refinance analysis, and ROI analysis as needed
Supporting acquisitions team through screening of potential hospitality investments including desktop underwriting, fact checking, due diligence and recommending investments
Modeling assumptions for underwriting of new acquisition opportunities
Assist acquisitions team with investment memo creation, preparation and presentation to investment committee
Assist with business plan development including market analysis, operations and renovations
Reviewing and understanding loan documents, franchise agreements, property management agreements
Qualifications
2 - 5 years of direct and hands on experience in hospitality investing and asset management, preferably in a hospitality REIT, private equity firm, or other hotel ownership environment
A Bachelors degree in accounting, finance, real estate or hospitality
Experience in distressed, opportunistic, repositioning and value-add hospitality investments a huge plus
Prior asset management, property management, and construction oversight experience also a plus
Strong modeling skills including regular use of Excel and MS Office programs
Developed relationships with brokers and, ideally, owners and brands throughout the country
Excellent analytical skills, acute attention to detail, and strong organizational skills
Outstanding written and verbal communication
Self-starter, able to work independently or in a team environment
Demonstrated flexibility to handle multiple projects in a fast-paced environment
Apply Now
About Real Estate Equity Team
The Fortress Real Estate Equity team began investing in 2009. Leveraging the breadth of the Fortress platform, the teams purview spans the globe with a focus on the US, Japan and Western Europe. We target mid-sized opportunities where our institutional approach and differentiated asset management capabilities drive value creation for our investors. We have invested over $10 billion of equity globally across more than 400 real estate transactions. We passionately care about our investments and believe the rigor of our processes leads to enhanced outcomes
About the Position
Fortresss Dallas office has an opening for a Hotel Asset Management and Acquisitions Associate to join the commercial real estate team, specifically focused on principle equity for hospitality investments. The candidate will directly support a Managing Director and a Vice President with asset management, deal screening, underwriting, and due diligence of a portfolio of Hospitality investments.
Responsibilities
Asset management of the investments through execution and refinement of the business plan to achieve the investment goals
Monthly reviews of financial statements, STAR reports, and market data, and regular communication with property manager to stay apprised of asset performance and market trends
Involved with the oversight of CapEx projects including processing construction draws and cash management
Perform regular valuations of assets/investments
Perform ad hoc hold/sell analysis, refinance analysis, and ROI analysis as needed
Supporting acquisitions team through screening of potential hospitality investments including desktop underwriting, fact checking, due diligence and recommending investments
Modeling assumptions for underwriting of new acquisition opportunities
Assist acquisitions team with investment memo creation, preparation and presentation to investment committee
Assist with business plan development including market analysis, operations and renovations
Reviewing and understanding loan documents, franchise agreements, property management agreements
Qualifications
2 - 5 years of direct and hands on experience in hospitality investing and asset management, preferably in a hospitality REIT, private equity firm, or other hotel ownership environment
A Bachelors degree in accounting, finance, real estate or hospitality
Experience in distressed, opportunistic, repositioning and value-add hospitality investments a huge plus
Prior asset management, property management, and construction oversight experience also a plus
Strong modeling skills including regular use of Excel and MS Office programs
Developed relationships with brokers and, ideally, owners and brands throughout the country
Excellent analytical skills, acute attention to detail, and strong organizational skills
Outstanding written and verbal communication
Self-starter, able to work independently or in a team environment
Demonstrated flexibility to handle multiple projects in a fast-paced environment
Apply Now