Acquisitions & Development Interns

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Job description

Compensation Type: Hourly Highgate Hotels:

Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in U.S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu, with a rapidly expanding presence in Europe, Latin America, and the Caribbean. Highgate's portfolio of global properties represents an aggregate asset value exceeding $20B and generates over $5B in cumulative revenues. The company provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition. Highgate also has the creativity and bandwidth to develop bespoke hotel brands and utilizes industry-leading proprietary revenue management tools that identify and predict evolving market dynamics to drive out performance and maximize asset value. With an executive team consisting of some of the industry's most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in London, New York, Dallas, and Seattle.

Location:

Highgate Corporate Offices Irving, TX

Overview:

We are looking for Intern that want gain incredible experience with our Acquisitions & Development team. You will gain first hand experience with evaluating, underwriting and assisting with new hotel acquisition and management opportunities. This key individuals will be a confident, team-oriented and hard-working individual with a passion for hotel real estate and the hospitality industry. He/she will interface as a credible, responsive, strong and effective member of the corporate team. The key objective is to deliver on the company's strategic growth plans by processing and evaluating new deal flow in an efficient and professional manner while leveraging all internal and external resources.

Responsibilities:

• Assisting in the preparing of financial projections for hotel management, revenue management and acquisition opportunities.
• Collaborate with various internal departments to develop detailed underwritings that include market segmentation and staffing assumptions.
• Conduct market research to support key assumptions, including but not limited to reviewing Smith Travel Research reports, analyzing historical and future room supply and demand generators.
• Prepare presentations to support the deal process, including RFP responses and pitch decks.
• Researching ownership groups, operating companies and markets for new management and investment opportunities.

Qualifications:

• Open to candidates having completed their junior year of college and they should have a concentration in hotel real estate finance.
• Highly motivated, disciplined and resourceful individual who is detail oriented
• Strong analytical, financial modelling, problem solving, decision making, and organization skills
• The ability to multi-task in a high-paced environment
• Advanced Microsoft Excel and PowerPoint skills
• Competency in hotel business plan underwriting and diligence
• Familiarity with The Uniform Systems of Accounts and financial analysis
• Understanding of Smith Travel Research STAR and Trend reports
• Excellent verbal and written communication skill

Salary : $20/hr for 4o hour perweek / 10 weeks

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