Wyndham Hotels & Resorts is now seeking a Manager, Feasibility & Investments to join our team at the Parsippany - 22 Sylvan Way location in Parsippany, New Jersey.
As a Manager, Feasibility & Development, you will be actively engaged in the efforts to grow the WHR system globally, as well as supporting and retaining WHR's existing portfolio of managed hotels. You will work with members of the Strategic Development team, in coordination with partners primarily in Development and Operations, to support WHR's hotel management and franchise contract acquisition efforts at every phase of the deal process, from initial deal identification, to feasibility, to underwriting and investment analysis, to diligence and deal structuring, to final approval by the Senior Leadership Teams of Wyndham Hotels and Resorts.
Support the global head of development in setting strategic direction for hotel development efforts
Prepare and present, to internal executives on the Development and Operations teams, feasibility analyses and pro forma projections for existing and proposed WHR-managed hotels in North America and Latin America
Prepare and present financial impact models of potential WHR investments in managed and franchised hotels globally, including operating forecast models, hotel cash waterfalls, investment return analyses, and relevant sensitivity analyses
Assist with business development activities, including preparation of key meeting deliverables and presentations, to generate new projects and support the achievement of WHR's room growth objectives
Conduct industry, market and competitor research. Build relationships with industry contacts to facilitate research capabilities
Track and report on WHR's commitments to hotel development effort
Scope & Competencies
The Strategic Development team manages the underwriting of the [$25 million] annual budget for development advance note incentives (\"DAN\"s), and coordinates with operations and accounting to accurately track the deployment of that capital. DAN capital is a tool used by the development sales team to achieve WHR's long term net room growth target of 2 to 4' per year.
In addition to the capital budget, the team supports the hotel management organization by creating detailed feasibility studies that help potential owners understand our view and expectation of hotel performance, and help our development team \"sell\" our brands and management services to such owners. The study forms the basis for many of the deal terms (including incentive fee structures) that we include in our management contracts
Ability to interpret and analyze hotel financial statements and project and model a hotel P&L
Relevant experience preparing feasibility analysis and pro forma projections for hotels in North America and Latin America
Extensive financial modeling capabilities and proficiency in various types of valuation and investment return analyses
Thorough understanding of capital markets, especially the debt markets
Exceptional drive and personal initiative
Highly analytical thinker
Strong business writing and communication skills
Excellent interpersonal skills
Strong organizational skills and ability to multitask across multiple projects and work streams under tight deadlines
Experience & Education
BA or BS Degree; MS Degree a plus; a concentration in finance or real estate is a plus
Three to five years of feasibility work experience at a hotel company, consulting firm, bank, brokerage, or real estate investment firm
Wyndham Hotels & Resorts is the largest hotel franchisor in the world and a leading hotel management company. We stand 20 brands strong across 9,000 hotels in more than 80 countries, and we offer the most diverse collection of hotel experiences in the world. Our iconic brands, united by the richest and simplest rewards program in the business, make hotel travel possible for all.
Our hotel owners are the stewards of our brands, and together, we champion everyday travelers. We believe guests deserve great experiences, and our robust portfolio-distinguished by our leading economy and midscale brands-delivers just that.
We are AmericInn? by Wyndham, Baymont? by Wyndham, Days Inn? by Wyndham, Dazzler? by Wyndham, Dolce Hotels and Resorts? by Wyndham, Esplendor? Boutique Hotels by Wyndham, Hawthorn Suites by Wyndham?, Howard Johnson? by Wyndham, La Quinta? Inns & Suites, Microtel by Wyndham?, Ramada Encore by Wyndham, Ramada Worldwide? by Wyndham, Super 8? by Wyndham, The Trademark Collection? by Wyndham, Travelodge? by Wyndham, TRYP by Wyndham?, Wingate by Wyndham?, Wyndham Garden?, Wyndham Grand? and Wyndham Hotels and Resorts?.
Headquartered in Parsippany, N.J. with offices around the globe in London, Shanghai, Buenos Aires, Dubai and more, Wyndham Hotels & Resorts employs approximately 15,000 team members worldwide.
Our Company is an Equal Employment Opportunity Employer.
Job Location: Parsippany - 22 Sylvan Way, 22 Sylvan Way, Parsippany, New Jersey 07054
Employment Status: Full-time
Please see Description
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.