Hotel Investments Associate / Analyst
Dovetail + Co - New York City, NY
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About Dovetail + CoDovetail + Co is a creative, full-service hotel real estate investment firm headquartered in New York City with assets from Hawaii to Bermuda. Founded in 2018, we currently own interests in and/ or manage seven hotels and 17 bars and restaurants with AUM in excess of $325 million.We strive to be best-in-class and vertically integrated, managing all aspects of hotel investment, development, creative, and operations to exceed all stakeholders' expectations. Our culture is creative, entrepreneurial, team-based, respectful, and results-oriented. We believe that empowered enthusiastic people who are aligned in spirit and vision create extraordinary results. This is an exciting opportunity to join our dynamic team and help us build into the next growth-phase at Dovetail. For more information, visit Position OverviewDovetail + Co is seeking a hotel asset management and acquisitions professional to become an integral part of our investments team. The candidate will have primary responsibility for portfolio asset management and business plan optimization while supporting acquisition efforts. The position will report directly to Dovetail's SVP Investments and collaborate daily with development and operations. The candidate should have direct hotel investment experience and a track record of success and continuous improvement. The position is based in NYC.Position ResponsibilitiesParticipate in and provide support for the ongoing asset management of hotels and other investments, including investor reporting, major capital events (e.g., financings and refinancing), strategic asset-level business planning, and the eventual sale of each propertyDevelop and maintain financial models on existing assets using portfolio benchmarking and DCF models to track and review asset-level returns and performance Consolidate, analyze and model financial data including budget analysis and income statement forecasting on a monthly, quarterly, and annual basis. Track hotel revenues, pace, and performance weeklyUpdate and complete various investor and lender reports, including financial snapshots and qualitative summariesPerform acquisition and investment analysis for potential new propertiesPerform acquisition due diligence and assist with preparation of all acquisition memos Assist through transaction management ensuring organized and efficient closingsConduct onsite visits of existing assets and target acquisitions as neededMinimum QualificationsBachelor's degree in hotel administration, real estate, economics, finance or equivalentTwo years of prior commercial real estate underwriting or asset management experience Self-motivated and driven; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment.Must have an owner's mentality and act as a fiduciary for each asset and investment.Sophisticated financial skills and capital markets perspective with ability to structure investments to achieve Company's investment requirements.Detail orientedImpeccable integrity and trustworthiness.Self-motivated and driven with the ability to take initiative, complete tasks, and meet tight deadlines.· Excellent written and verbal communication skills· Willingness and ability to travel.Mastery of Excel, PowerPoint, WordCompensationBase salary and incentives will be commensurate with experience includes full benefits (e.g., health, dental, and 401k)Please send your resume and an email detailing why you are interested in this role to phil@ with the subject "Dovetail + Co Hotel Investments Position". We are excited to hear from you!
Created: 2025-01-15