Development Director

LOCATION: Seattle, WA
INDUSTRY: Hospitality

POSITION OVERVIEW

The Development Director will be responsible for development opportunities from pre-acquisition through project completion to expand the brand into selected target markets throughout North America. Their primary responsibilities will be sourcing support and execution/implementation of renovation and property improvements. The Development Director will lead real estate and development growth, preferably through its own investment vehicles, utilizing a strategy based on developing an “asset heavy” portfolio with multiple hotels in outdoor markets. This role will be responsible for the entire real estate life cycle and ongoing portfolio management; from pre-acquisition diligence, design and construction management, to ongoing maintenance program management.

ACCOUNTABILITIES

  • Partner with Co-Founders support acquisition (pre-transaction) opportunities
  • Coordinate analysis of identified target properties to establish feasibility for the brand concept.  Tasks include analysis of zoning and entitlement constraints, inspections, full building analysis, estimating and scheduling
  • Coordinate the production of internal decision-making documents (feasibility analysis, due diligence reports, investment committee memos, etc.) for senior management and shareholders
  • Secure suitable partners and build extensive local networks in support of development efforts (developers, subcontractors, general contractors, etc.) across a National scope
  • Establish the Development Playbook through the assessment of existing property acquisitions and renovations, while identifying synergies and consistencies to create a foundation for scale, based on current and future development projects
  • Monitor and enforce compliance of development projects with approved investment parameters, from closing of an acquisition transaction until completion of the site buildout
  • Accountability for developing and performing against project budgets and schedules while identifying efficiencies across multiple projects simultaneously.
  • Manage feasibility analysis of proposed changes to development projects, including decision making documents (subsequent investment approvals, etc.)
  • Generate and oversee portfolio wide facility operations and maintenance plan
  • Lead development team in generating standard design guidelines, RFP process, project management SOPs, estimating standards, and scheduling system

REQUIREMENTS

  • 5-10 years’ experience as a development, construction-oriented, value add real estate professional
  • Hospitality real estate development experience preferred
  • Finalized relevant academic education (Commercial Real Estate or Real Estate related, Construction Management, Business Administration etc.)
  • Experience overseeing multiple geographically dispersed projects simultaneously
  • Superior analytic, problem-solving, communication and negotiation skills
  • Ability to work both independently in local markets, as well within a cross-functional team environment
  • Strong time management skills with ability to prioritize effectively
  • Experience directly in creating and managing the implementation of design driven development
  • Willingness to work in an entrepreneurial environment and perform multiple office related tasks and an open-minded attitude towards learning new skills
  • Ability to work effectively in a fast-paced environment, where many things are still new, and processes are developed under time constraints and deadlines
  • Strong interpersonal skills with ability to remain positive and continue solving problems under pressure.

To apply for this job please visit www.notogroup.com.