Regional Vice President, Development - West South Central jobs in United States
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IHG Hotels & Resorts · 18 hours ago

Regional Vice President, Development - West South Central

IHG Hotels & Resorts is a leading hotel group committed to delivering True Hospitality for Good. The Regional Vice President, Development – West South Central is responsible for accelerating the company's portfolio growth by sourcing, structuring, and closing hotel management and franchise agreements across the region.

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Responsibilities

Establishes, builds and nurture a network of productive contacts and relationships to include, but not limited to, real estate development companies, individual and institutional financial investors, hotel owners, hotel brokers and consultants
Develops and manages business relationships with prospective owners/partners and builds relationships with banks/lenders and other various institutional and private investment groups to support IHG’s growth
Executes strategies and annual plans for the distribution of IHG brands within projected time frames
Ensure potential opportunities both comply with established standards for the Brands and assists with due diligence efforts to ensure potential partners meet IHG’s probity requirements
Works with internal and external legal and financial professionals as well as IHG’s senior management in other key areas including Design and Engineering, Operations, Marketing, and HR to facilitate analysis, approval, and closure of prospective opportunities and the viability of deals which are consistent with the targeted growth and distribution strategies
Prepares and presents development opportunities and proposals to appropriate parties
May work with outside firms on market feasibility studies, site selections, pro-forma development to appropriately qualify deals and drive distribution into the right locations within targeted markets
Fostering collaboration with external and internal stakeholders
Manages the client and IHG internal expectations to efficiently close deals and salvage dead deals in a minimum amount of time
On closing, make the client feel that they have made a wise choice without compromising on IHG’s position
Maintains a high awareness of IHG’s threshold positions on commercial and strategic issues
Transitions responsibilities to other parties (i.e. Design and Engineering, Operations) following execution of all development responsibilities, as appropriate
Ensure proper documentation of handover processes in internal departments
Leads, develops and builds capability of direct reports within the Development team and mentors team members generally, to ensure the delivery of quality management and franchise agreements

Qualification

Hotel ManagementDeal StructuringFinancial ModelingReal Estate KnowledgeNegotiation SkillsReport WritingAnalytical SkillsInterpersonal SkillsPresentation SkillsTeam Leadership

Required

Qualification in Hotel Management, BS / BA in Business, Finance, or Real Estate; or equivalent experience; MBA preferred
Strong analytical, negotiation, and consensus-building skills, effective presentation and interpersonal skills, financial modeling and report writing skills
Minimum 8 years' of experience in hotel development, hotel management or hospitality consulting firm and/or hospitality company or similar
Knowledge of financing principles and deal structuring as well as hotel real estate market. Knowledge of hotel operations is highly desired
Must have proven track record of deal flow/closure, knowledge of management contracts and joint venture agreements

Benefits

Incentive Plan
Bonus pay
Paid time off
Medical/dental/vision insurance
401K
Impressive room discounts across our many properties
Recharge days
Volunteering days throughout the year

Company

IHG Hotels & Resorts

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IHG Hotels & Resorts is a global hotel company with the mission of providing True Hospitality for Good.

Funding

Current Stage
Late Stage

Leadership Team

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Elie W. Maalouf
Chief Executive Officer
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Dana Shefsky
Head of Customer and Partner Experience
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Company data provided by crunchbase