Senior Analyst/Associate, Acquisitions + Asset Management

  • Aparium Hotel Group
  • Chicago, Illinois
  • May 21, 2023
Full time

Job Description

Senior Analyst/Associate, Acquisitions +Asset Management
Reports to VP of Acquisitions + Asset Management and EVP of Asset Management
The position is exempt

Hotels done differently. It's not just a slogan, it is who we are in everything we do. We believe in the power of People, Place, and Character, ensuring our properties are a place where individuals are valued and celebrated as a tribute to the neighborhoods and the people of the communities in which we operate, elevating our associates' pride in who they are, where they live and who we serve.

Aparium has just been named to Travel + Leisure's Top 25 Hotel Brands in the World. Driven by the belief that all hospitality experiences should be fueled by the poetics of their surroundings, Aparium was born with an intense focus on unearthing the amazing moments unique to every city. Since its founding, Aparium has grown into a new kind of hotel brand, one that ventures off the beaten path, both geographically and philosophically. It is a sophisticated hotel brand known for its singular ability to combine the business acumen of large hospitality companies with the charm of boutique hotels, bringing the disparate forces together in bustling, smaller markets.

You don't like to be defined as a "numbers" person although you certainly know the numbers. You are hungry to build your tool belt and understand all aspects of the business rather than being a "cog in the wheel." A vertically integrated business model means something to you, and in turn, you feel compelled to give your highest and best effort wherever and whenever your resources and skillset are required. You are not afraid to ask questions but are also resourceful and seek to find your own solutions. You take pride in "rolling up your sleeves" but prepared to handle yourself gracefully in a board room. Personal pride and accomplishment reigns supreme in all aspects of what you do.

The Senior Analyst, Acquisitions + Asset Management has a dual reporting relationship into the VP of Acquisitions + Asset Management and EVP of Asset Management by supporting the Asset Management, Investor Relations, Acquisitions and Development functions for Aparium. The role will serve not only as key support to these disciplines, but also as a liaison for these teams in collectively working to execute asset strategies and achieve investment returns through the asset's lifecycle.

This position will be responsible for maintaining the company's initial proformas and return models; updating return models to reflect current deal structures, capital calls and capital distributions; performing internal forecasting and asset valuations; assisting in evaluating future investments and debt financings; preparing presentations for the company's executive team and investors; preparing quarterly investor reports; performing ad hoc analyses; and assisting with identifying and executing on asset value-enhancement opportunities. This position will also support in reviewing monthly profit and loss statements, cash flow statements, operating and cash flow forecasts, and annual operating and capital expenditure budgets. The Senior Analyst, Acquisitions + Asset Management Associate will work closely with the Asset Management, Acquisitions & Development, Commercial Services, and Finance teams and will have direct interaction with company leadership.

As the team member gains experience managing a variety of projects, this role is designed to grow into an individual who takes on additional responsibilities including asset management of a dedicated portfolio and/or taking the lead on hotel acquisitions/developments within Aparium's portfolio.

Assist with underwriting and analyzing potential hotel and management company acquisitions, third-party management contracts and development opportunities.
Assist in the preparation and presentation of investment memorandums and deal summaries
Maintain and enhance financial models used for forecasting, underwriting, and analyzing various corporate strategies
Review legal and other materials as part of the due diligence process inclusive of preparing summaries of key legal documents, contracts and agreements including loan documents, HMAs, third-party leases, etc.
Review monthly financial reporting packages to identify performance variances to asset plan goals; work with asset management on action plans to remedy or further strengthen
Partner with hotel team leaders to analyze, monitor and optimize operating results for assets in the owned portfolio
Assist Asset Management team by reviewing key property level data, STR reports, booking pace, segmentation data and revenue management strategies on a monthly basis to ensure topline goals are being met
Track and identify opportunities to improve guest satisfaction experiences and online reputation
Perform necessary ad-hoc analyses to support asset management strategies and objectives
Conduct analyses targeting profit optimization and value enhancement opportunities
Assist with ad-hoc financial analyses in response to owners, officer, investor, or other internal requests, e.g., asset or corporate valuation, IRR, cash flows, etc.
Prepare presentations for investors and complete required investor reporting on a monthly, quarterly, and/or annual basis.
Identify strategies focused on maximizing the value of owned assets through revenue and expense optimization and ROI-driven capital expenditures
Assist in the effective deployment of capital; update, support and monitor each hotel's short and long-term capital plans
Prepare monthly, quarterly, and annual reports as required for both asset management and acquisition disciplines
Keep current on all matters affecting the hospitality industry and specifically the markets in which the assets are located
Model the company's principles of People, Place and Character; and ensure the agencies and consultants also model the way of our values that drive collaboration, intuition, and translocal hospitality
Ensure a sense of belonging for associates by upholding the company's values and guidelines for a Respectful Workplace, Diverse, Equitable, and Inclusive environment, behaviors outlined within the Manager Code of Conduct and Work Rules outlined in the Associate Handbook
Model Aparium's open-door policy and employee engagement practices, which makes the company a great place to work; demonstrate a positive work ethic and environment; consistently guide and monitor business ethics and good business practice, and perform other job-related duties as needed

2+ years of real estate experience in feasibility, valuations, operations analysis, in related roles of asset management, acquisitions or development
Bachelor's degree in hospitality, finance, accounting, or related field required
Excellent analytical and quantitative skills
Superior written and oral communication skills to be able to communicate complex analyses in simple terms across a wide audience
Ability to work independently and prioritize a multitude of projects
Demonstrated proficiency in Microsoft Excel and Microsoft Office Suite
Demonstrated proficiency in financial modeling, valuation and analyses
Knowledge of hospitality industry acquisition processes and protocols preferably within a boutique lifestyle product
Ability to work flexible or extended hours to accommodate increased workload or projects and to attend meetings out of town
Willing to travel 10%-20% of the time

As an Equal Opportunity Employer, Aparium Hospitality Services celebrates diversity and is committed to creating an equitable and inclusive environment for all employees to ensure they feel a sense of belonging. We do not discriminate and believe every individual should be proud of who they are, where they come from, and take pride in who we serve. Aparium is an E-Verify employer.