~5mo ago

Real Estate Development Analyst (Commercial/Hotel/Retail/Land/Property – Market Research & Analysis)

OtherDevelopment Analyst

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Quick Summary

Overview

The Employer: HRMC has partnered with a privately held, family-owned and operated real estate development company that owns, develops, designs and builds Drury Hotels.

Technical Tools

excelms-office

Responsibilities

~1 min read

◼ Reports to a Director of Development and supports other members of the development team including Development Associates and Development Managers.

◼ Collaborates with departments throughout the company including architecture, construction, engineering, design, legal, finance, and accounting. May assist Director, Manager, or Associate in leading multi-department projects or lines of effort.

◼ Supports Development Associates, Managers and Directors in the hiring and management of external resources (consultants, engineers, etc.).

◼ Identify, gather, analyze and compile market reports outlining hotel demand generators to determine feasibility for new hotel development (i.e., leisure activities, universities, hospitals, office parks, convention centers, airports, residential density).

◼ Locate and analyze data for competitive hotels in target markets and monitor news/updates for planned/future hotel competition.

◼ Run demographics reports for target markets and identify general trends in growth and income levels.

◼ Monitor real estate listings, auction.com, foreclosures, and mergers for potential development opportunities.

◼ Research and summarize zoning codes. (i.e. use restrictions, density, parking, heights, setback, and signage).

◼ Compiling traffic counts, researching highway plans, and identifying proposed short/long term changes that may impact a market/site.

◼ Research impact fees, development costs, and historical construction costs in support of new hotel/renovation budget preparation.

◼ Analyze historical Drury Hotel performance data and new market competitor data in support of new hotel performance projections.

◼ Compile sale comparables and summarize land values and tax rates.

◼ Prepare market reports and exhibits for real estate/investment committee deliverables.

◼ Coordinate/track due diligence tasks. (i.e., Environmental, survey, geo-tech, zoning).

◼ Assist the development team in obtaining necessary approvals/entitlements.

◼ Support development team with hotel sales (coordinate marketing efforts, manage closing checklists, resolve varied issues, etc.).

◼ Travel with the development team to review markets and sites.

◼ Strong data research, analysis and organization skills.

◼ Must be able to work in a collaborative team environment, take direction from others, solve problems and think critically.

◼ Strong work ethic with the ability to focus on multiple tasks to deliver accurate, complete assignments.

◼ Demonstrates a positive attitude when handling a variety of daily tasks and challenges.

◼ Displays persistence in overcoming obstacles with a “can-do” mentally.

◼ Must be flexible in approach to tasks recognizing alternatives and improvements to achieve acceptable solutions.

◼ Basic Microsoft Office program skills are required including knowledge of Outlook, Word, Excel, and Power Point.

◼ General business, finance and real estate acumen preferred.

◼ Experience presenting to groups.

Education, Experience and Qualifications:

◼ Minimum of Bachelor’s Degree (Preferred emphasis in business, economics, legal, finance, or real estate). Advanced degrees are also advantageous for candidacy.

◼ This is an entry level role with no professional experience required but candidates must possess strong analytical and critical thinking skills. Hotel related industry experience or education a plus.

◼ Valid driver’s license and proof of insurance required.

◼ Fluency in English, spoken and written.

◼ Must be able to provide proof of eligibility to work in the U.S.

◼ This is an on-site position; it is not remote or hybrid. You must reside within a reasonable commuting distance to the St. Louis area or be willing to relocate prior to your start date.