Marriott International · 1 month ago
Vice President, US Luxury Hotels and Mixed-Use Development
7750 Wisconsin Avenue, Bethesda, MD, 20814, US
Full-time
Onsite
Director/Executive
$177K/yr - $310K/yr
15+ years expMarriott International is a leading hospitality company focused on luxury hotel and mixed-use development. The Vice President of Development plays a crucial role in identifying and structuring deals for new luxury hotels and residences while building relationships with hotel owners.
FashionHospitalityMusic
Responsibilities
Review and analyze potential luxury hotel conversion, new-build, or acquisition opportunities, as well as potential residential opportunities, for integration into Marriott International brand systems (luxury hotels)
Travel to potential site visits, owner meetings and lodging conferences to represent the luxury development team
Oversee all aspects of the development process internal to Marriott International, including site inspections by brand, market management and technical services representatives, requesting feasibility studies and pro forma valuations, and presenting the opportunity for approval by the appropriate Marriott committees
Ownership of the underwriting process for proposed residential projects, residential projects in development and/or actively being sold, including review of third party market studies, requesting valuations, and presenting the opportunity for approval by appropriate Marriott committees
In tandem with Marriott's Law Department, negotiate terms and conditions of hotel management agreements, residential association management agreements, residential license and development agreements, purchase, joint venture, or other agreements with owner/owner's representatives. Ensure that agreement terms and conditions are acceptable to Marriott operating and staff executives
Provide guidance on minimizing risk related based on experience with other residential projects. Review draft Shared Services Agreements and Rental Agreements for all residential projects to make certain key terms and clauses are included and properly represented. Provide comments and feedback to Legal
Work with Marriott's Treasury and Project Finance departments to maximize returns on Marriott International investments in hotel projects
As needed, assist owners and developers to identify and tap sources of financing for hotel acquisition or construction, including Marriott sponsored financing programs
As required, attend public hearings and meetings with regulatory agency officials to secure site plan, engineering and other approvals necessary for the project's successful development
Share leads for other Marriott brand or product opportunities (e.g., Marriott Premium Brands, MSB) with appropriate personnel
As requested, participate in the resolution of workout situations
Track the competitive landscape in target markets and identify competitive and/or comparable brand positioning
Qualification
Required
Bachelor's Degree or equivalent in Real Estate, Hotel Administration or Business
Fifteen or more years of real estate development, hotel and/or residential industry experience with at least seven years of hotel development or related experience
Preferred
MBA or other advanced degree
Benefits
Stock Package?
Bonus Eligible?
Company
Marriott International
Marriott International, Inc.
10001+ employees
H1B Sponsorship
Marriott International has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (101)
2024 (84)
2023 (97)
2022 (77)
2021 (37)
2020 (58)
Funding
Current Stage
Late StageLeadership Team
Anthony Capuano
Chief Executive Officer
Naveen Manga
Global Chief Technology Officer
Recent News
IndiaTimes
2025-11-12
2025-11-09
Company data provided by crunchbase