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Associate, Valuations & Feasibility
New York City (in-office 6 months; open to hybrid or remote thereafter)
San Diego (in-office for 6 months; open to hybrid or remote thereafter)
LW Hospitality Advisors® (LWHA®) specializes in a wide range of advisory, valuation, feasibility, investment counseling, asset management, property management, and transactional services focused on hotels, resorts, gaming properties, and conference center assets worldwide. The company works with corporate, institutional, and individual clients, as well as with municipalities and governmental agencies on all facets of hospitality real estate.
Associates at LWHA® predominantly work on appraisals and other consulting assignments of hotels located across the country. Duties include:
- Research
- Market research of demographics, business/industry and top employers in the area, status of residential and office markets. The associate must garner an understanding of the dynamics of a market and be aware of any new developments or significant changes occurring.
- Research of municipal laws including zoning restrictions/requirements and property taxation methodology
- Inspection / Site Visit
- Visit the hotel assigned, tour the asset and meet with the onsite management staff
- Tour the hotel’s market, including major demand generators, municipal offices, and competitive hotels
- Interview/speak with local professionals (including brokers, hotel management, zoning officials, etc.) in order to learn about the market
- Analysis
- Compile financial projections via Excel-based modeling; this includes review of documentation provided by the client, data input into the model, comparable analyses and forecasting.
- Report
- Utilize all research and financial modeling to write a detailed report for the client explaining findings and rationale
- Bachelor’s Degree from an accredited university
- Preferable majors include: Hospitality Management, Real Estate, Finance
- Past Work Experience
- Preferable fields: Hotel Operations, Hotel Revenue Management, Real Estate Finance/Consulting, Hotel Development/Consulting, Valuation/Appraisal
- Title will be commensurate with years of relevant experience
- Associate Level: Minimum 1-2 years full-time professional experience
- Advanced Excel Knowledge
- Willingness to commence process to obtain Certified General Appraisal License within 12 months
- Excellent writing skills; each assignment will require a written report deliverable to client. Reports must be well-crafted and professionally written.
- Excellent communication skills; an associate will be interacting directly with clients, hotel owners/ developers/ management, and various other industry professionals.
- Professionally mature individual
- Thoughtful & diligent worker with excellent follow-through
- Energetic self-starter who is eager to learn and desires to fully grasp concepts
- Interest in Hotels; penchant for Finance
- Ability to travel domestically 15-25% of each month
- Typically 40-50+ hours per week; relatively flexible though demanding during busy seasons
- Position is commissioned-based. The first-year total compensation is anticipated be in the $60,000 to $90,000 range.