Vice President of Development

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Midas Hospitality is hiring a Vice President of Development. This person will manage all aspects of the development process of complex urban development projects. This includes all phases of a development project including acquisition, feasibility, financing, zoning/entitlements, design,

permitting, construction, leasing, and disposition. The VP of Development will perform hands-on

management of project-planning, design, procurement, scheduling, budget management and project

execution in a fast-paced environment. The VP of Development will prioritize multiple tasks and demands, as well as assist with the supervision of a highly skilled team of development managers and external design professionals and third-party consultants. This position will act as a liaison between internal cross functional technical teams, General Contractor(s) and Midas leadership team. Responsibilities further consist of managing various sizes and volumes of projects from pre-development budgets through build-out and certificate of occupancy phases including project closeout with financial reconciliation.

What You Will Be Doing

• Assist and support SVP in managing all aspects of the company's development department. This includes conceiving and executing all development programs and/or business plan(s) established under the direction of ownership and executive management.
• Assist in preparing the financial and market feasibility analysis of projects, including related proformas and business plans.
• Assist with real estate acquisition and site assembly of future development projects.
• Assist with the negotiation and engagement of all third-party consultants and entities related to the development program including design professionals, general contractor(s), other consultants and hospitality brands and/or franchises.
• Conceive and manage all aspects of public and/or private incentives related to individual development programs. Manage the process of obtaining project entitlements including all required permits.
• Assist with the preparation of financial underwriting of development projections including proformas, development budgets, and other financial projections.
• Assist and manage all aspects of financial closings including the closing of project financing, acquisitions, and dispositions.
• Monitor and evaluate project performance against the baseline financial models prepared as part of the feasibility analysis once the development program and/or business plan is established.
• Manage all processes related to project financing, including the overall management of monthly draw process and other investor reports.
• Oversee and manage the development team.
• Provide support to organization's legal issues as necessary.
• Provide regular updates to Leadership as required.
• Acts as liaison with hotel brands/franchises when necessary.
• Accountable for driving projects to completion in a timely and cost-effective manner.
• Manage and track short and long-term project plans and timelines.
• Manage and drive projects to successful completion.
• Travels to job sites around the United States when required.
  
  

The Ideal Candidate

• Bachelor's degree in Architecture, Engineering, Construction Management or a relevant field of work, or an equivalent combination of education and work-related experience of at least 10 years
• High-level comprehension of plans and specifications
• General understanding of the real estate development industry
• Demonstrated experience in organizing, planning and executing large-scale projects from conception through implementation in a hotel environment
• Demonstrated comprehensive knowledge of hotel construction and operations a plus.
• Strong organizational and analytical ability
• Ability to communicate effectively both verbally and written
• Strong interpersonal skills and ability to work collaboratively
  
  

About Us

From humble beginnings in 2006 to an enterprise being driven by more than 1,300 people today, Midas Hospitality has never lost sight of our #1 priority - people. Currently, Midas Hospitality operates 40+ hotels in 14 states and Midas Development has over $800 million in current development projects. Midas manages and develops properties for leading brands such as Marriott, Hilton and IHG and develops not only hotels but also retail, office and multifamily. At Midas, we make room for people's dreams. That means building a company where people love to work, our financial partners love the results and everyone loves the experience.

As a people-first organization, we offer opportunities to grow and benefits to flourish for anyone with a desire to serve others and a tremendous work ethic. We aim to competitively compensate our associates and reward their contributions.

Please visit our website for more information: www.midashospitality.com

We offer a range of benefits including, but not limited to:

• Semi annual bonus
• Growth and development tools and access to learning
• Robust PTO policies
• Medical/Dental/Vision Coverage
• 401k matching
• Employee Assistance Program
• Discounted products and services
  
  

Midas Hospitality is proud to be a drug free workplace and equal opportunity employer.