Description
The Company
This company is a DC-based start-up that operates “turn-key, pop-up hotels” across the U.S. in newly built, vacant apartments during their initial lease-up phase. Blurring the line between hospitality and home, their model provides the value and space of a home-share with the consistency and quality of a hotel. They have allowed real estate developers to now have a new way to leverage vacant units during lease-up and you have a new way to travel.
The Role
This position is responsible for the delivery of all valuation and financial analyses for inbound Pop-Up Hotel opportunities and for supporting Corporate financial planning and analyses.
Responsibilities
- Underwrite Pop-Up hotel deals and present findings. This includes, but is not limited to, researching market information related to each Pop-Up, establishing a comp set, and analyzing operating costs and revenue for each deal
- As each Pop-Up hotel deal is negotiated, update initial underwriting to reflect current deal terms to ensure the Pop-Up hotel is still viable
- As opening approaches for each Pop-Up hotel, refresh the underwriting to establish the operating proforma for the Pop-Up hotel
- Prepare monthly reports and KPI’s for each Pop-Up to share with the Executive team, Board of Directors, and Developers/Owners of the properties we have popped up in
- As Pop-Up hotels continue to operate, analyze the data to better inform future Pop-Up hotel underwriting
- Assist with corporate annual budgeting and quarterly reforecasting
- Prepare monthly corporate reporting and KPI’s
- Support other departments with ad-hoc analysis as needed
Requirements
- Bachelor’s degree with a concentration in economics, finance, accounting, math, or engineering preferred
- 2+ years of experience and a deep familiarity with Excel financial modelling and valuation
- Demonstrated ability to research and track down the best possible answer or solution
- Proof of strong quantitative skills
- You have a thirst to learn
- You have an unwavering attention to detail
- You are a consummate professional
If you don’t meet 100% of the above qualifications we still encourage you to apply!