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Acquisitions and Development Manager

Country: UK

City: London

Hotel/Office/Restaurant: Corporate Office

Department: Development

Type of employment: Full-time

Level: Management

Date posted: 02/07/2019

Closing date: 29/12/2019

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PPHE Hotel Group is an international hospitality real estate group, with its parent company, PPHE Hotel Group Limited, having a Premium listing on the Main Market of the London Stock Exchange and enlisted for the FTSE 250 and FTSE All Share Indices. The Group operates, develops, owns, co-owns, leases and franchises real estate properties, with a focus on full-service upper upscale and lifestyle hotels in key European cities, with the majority of its £1.6 billion portfolio consisting of freehold and long leasehold assets within Europe.

Essence of the Role:

We have a unique opportunity to join the Acquisitions and Development team at PPHE Hotel Group's Corporate Office based in London, UK.

You will lead the underwriting for new projects as well as support the sourcing and negotiation of joint ventures, acquisitions, leases and management contract opportunities for PPHE’s global expansion plans.

Your key tasks and responsibilities

  • Maintain and increase project-enabling contact base and network with agents, developers, investors and funders of hotels – including contact database management
  • Attend industry-related networking events, workshops, seminars and conferences for networking opportunities and training as well as future panelist
  • Originate and source joint venture, management and lease contracts, support and maintain deal flow and pipeline
  • Exploit expansion opportunities by targeting both new and existing hotel and/or conversion from other real estate uses to hotel
  • Review Non-Disclosure Agreements (NDAs) in collaboration with the legal team, for sign off by COO or RFC
  • Screen new development opportunities and carry out initial review as well as market research and response, along with potential site visit
  • Liaise with VP Project & Technical Services on technical suitability and requirements of opportunities
  • Lead the underwriting and feasibility for new projects, including dataroom analysis, projections with internal support such as the RFC and Director of Revenue
  • Prepare offer letters (LOIs) and pitches for sign off by the VP and execution by the CEO or COO
  • Present development shortlist to CEO and executive team (eg CFO, COO, General Counsel)
  • Prepare information packs for internal and external stakeholders
  • Assist in organising IHIF stand and relating duties for the annual conference
  • Prepare company presentations and assist internal reporting
  • Represent VP in her absence for internal meeting, primarily at the London head office
  • Assist team in managing the dataroom and project information/data, including STR benchmark
  • Assist team in managing the Acquisitions & Development share drive and archive
  • Review industry news (eg news alerts, publications) keeping internal stakeholders informed on key transactions, openings, etc
  • Arrange personal travel arrangements (eg meetings, site visits), including expenses

Miscellaneous

  • Other related duties as may be assigned from time to time by the VP Acquisitions & Development, CEO or other senior executives (eg COO, CFO)
  • Continuously seeks to endeavour and improve the efficient operation of the department and knowledge of own job function

This job specification requires flexibility from the employee in order to consistently deliver to a high standard, including international travel as required. 

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