IHG Feasibility Manager in Atlanta, Georgia
Recommend a friend - Band 6 USD
Do you see yourself as the Feasibility Manager ?
What's your passion? Whether you're into tennis, shopping or karaoke, at IHG we're interested in YOU. At IHG we employ people who apply the same amount of care and passion to their jobs as they do their hobbies - people who put our guests at the heart of everything they do. And we're looking for more people like this to join our friendly and professional team.
Our Americas Corporate office, based in Atlanta, Georgia , is seeking a Feasibility Manager, who will conduct feasibility and investment analysis for real estate development projects through financial modeling (including NPV, IRR, and earnings impact), market research, and analysis of comparable asset performance. This role coordinates with corporate Operations, Technical Services, Brand Management, Tax, Legal, and Finance Departments to ensure all issues relevant to development projects are properly identified, analyzed, and documented in the Company's capital papers.
Conduct financial modeling, valuation, and investment analysis for real estate development projects. Coordinate with Development, Global and Americas Finance, corporate Operations, Technical Services, Brand Management, Tax, and Legal to ensure all issues relevant to development projects are properly identified, analyzed, and documented in the Company’s capital papers. Projects may vary from single asset owned, managed, or franchised properties to portfolio opportunities.
Essential Duties and Responsibilities
Market Feasibility Analysis – Determine competitive set for hotel being analyzed (“Subject”) by reviewing existing supply in market place and identifying competitive assets. Obtain historical occupancy and ADR performance for the competitive set from Smith Travel Research and counterparts at other lodging companies. Determine positioning of the Subject within competitive set, review historical supply and demand growth patterns for the competitive set, and identify any known additions to supply in the market. Project occupancy and ADR for the Subject and determine viability of the Subject within the market. Review analysis and findings with VP of Operations and VP of Development to obtain consensus on market feasibility.
Writing Capital Approval Papers – If the Company decides to pursue the project, write the necessary approval papers for the Americas Operating Committee and the Executive Committee (approval papers have historically ranged from 5 – 50 pages depending upon the size of the Company’s investment, and include a description of the project, the dynamics of the competitive market, competitive properties, proposed positioning of the Subject, deal structure, S.W.O.T. analysis, and financial implications to the Company). Review the project as appropriate with Tax, Legal, Technical Services, Operations, Brands, Development, and Financial Reporting to ensure that the paper adequately addresses key issues in each respective area.
Developing Proforma Income Statements - Obtain historical P&L (profit and loss) statements for comparable assets from within the Company’s estate, or from outside consultants. Review performance of competitive assets and similarities/dissimilarities between competitive assets and the Subject. Utilize most comparable key performance metrics from P&L statements analyzed and occupancy/ADR projections developed during market feasibility analysis to develop proforma P&L for the Subject. Review findings and support with VP of Operations and VP of Business Development, and develop consensus on the Subject’s projected performance.
Market/Industry Research – Consult with industry contacts (e.g., consultants, real estate brokers, counterparts at other major lodging companies, etc.) and review industry publications/forecasts to remain knowledgeable of general market/industry trends and to facilitate market/industry research. Provide findings to VPs of Development and internal clients to facilitate understanding of competitive fee structures for business segments (e.g., timeshare branding, etc.) which are new to the Company. In addition, provide a framework on the direction of industry trends and performance to assist in projecting hotel performance.
Ad Hoc Investment Analysis Projects – May assist the Director of Investment Analysis with review of financial analysis conducted within other areas of the Finance Department. Assistance may include providing guidance to Finance Department on financial modeling and the Company’s analysis policies or conducting financial analysis for non-hotel specific projects such as the Company’s franchise development plan.
Competitive salary and bonus potential
- Bachelor's or Master's Degree in Finance, Accounting, Economics, or a relevant field of work, or an equivalent combination of education and work-related experience.
5 years work experience in investment appraisal and market analysis in the hotel industry or similar setting, with demonstrated mastery of technical and business knowledge and understanding of multiple disciplines/processes related to the position.
Typically leads/mentors complex projects in the area of expertise.
Technical Skills and Knowledge –
Demonstrated project management experience in organizing, planning and executing large-scale projects from conception through implementation.
Demonstrated effective verbal and written communication skills for the purpose of providing information to clients, vendors, senior management and staff.
Demonstrated knowledge of financial principles and modeling processes.
Must be fluent with investment analysis techniques including NPV, IRR, and DCF.
Proficiency with computer modeling in Microsoft Excel required.
Demonstrated knowledge of current business, economic and industry trends surrounding capital investment in the hotel industry. Demonstrated analytical and commercial judgment skills.
Demonstrated knowledge of financial principles and knowledge of Federal, State and local laws and regulations related to company investments and the financial aspects of acquiring capital assets.
Demonstrated financial and business analysis skills, and demonstrated ability to analyze operating, forecast, and budget information
In return we'll give you a competitive financial and benefits package which can include healthcare and dental coverage, disability and life insurance, and a matched 401(k) program . Hotel discounts worldwide are available as well as the chance to work with a great team of people. Most importantly, we'll give you the room to be yourself.
So what's your passion? Please click "Apply Online" and tell us how you could bring your individual skills to IHG.
IHG is an equal opportunity employer: Minorities / Females / Disabled / Veterans
Job: Capital & Asset Management
Requisition ID: R143726