Design & Construction Job Descriptions & Questions

What is a VP Hotel Development Job Description?

Manage all aspects of the development process of complex urban hotel development projects. This includes all phases of a development project including acquisition, financing, zoning/entitlements, design, permitting, construction, leasing, and disposition. Coordinate hotel efforts related to hotel acquisitions, dispositions, and other transactions.

Principal Responsibilities
Assist in preparing the financial and market feasibility analysis of projects.
Monitor and evaluate project performance against the baseline financial models prepared as part of the feasibility analysis once the development program is established.
Prepare and monitor budgets, including preparation of monthly loan draw packages and lender and/or investor reports. Obtain project entitlements and permits, including meetings with local jurisdictions to negotiate outstanding issues.
Interface with hotel brand companies, managers, etc. including negotiation of key business terms and related agreements
Oversee RFP and contracting process for architects, engineers, contractors, and other project consultants.
Compare consultant proposals and scopes, and formulate recommendations for the development team.
Track project schedules and monitor progress and delays.
Manage financial analysts to keep project-specific economic models up to date.
Run design and construction meetings.
Coordinate and attend meetings with regulatory and public officials.
Identify potential project risks and develop mitigation strategies

Minimum Essential Qualifications
Bachelors Degree in related field.
Preference given to candidates with MBA or Masters degree.
Minimum of 4-6 years of development experience; prior hotel and mixed-use experience preferred.
Demonstrated ability to work independently.
Proven leadership skills needed to manage development team.
Strong quantitative background in development, including financial feasibility analysis, design, financing, permitting, construction, and project management.
Must possess attention to detail, confidentiality, integrity, and the ability to maintain a high level of professionalism in a fast-paced dynamic environment.
Proven entrepreneurial skill.

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