LW Hospitality Advisors
Anyone have experience with them or know much about the firm? I am trying to break out of the office sector and applied to a senior associate role. I don't have hospitality experience but have good RE development experience, so not sure all what to expect.
Job description is below:
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
Ideal Candidate – Experience/Qualifications
Bachelor’s Degree from an accredited university
- Preferable majors include: Hospitality Management, Real Estate, Finance
Certified General Appraisal License is preferred (if not, willingness to obtain license is expected)
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 professional experience
- Senior Associate Level: Minimum 2-4 years professional experience
- Vice President Level: Minimum 4-7 years professional experience
Advanced Excel Knowledge
Ideal Candidate – Qualities / Skills
- 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
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