Vice President of Acquisitions

Job Description

DoveHill Capital Management (“DoveHill”) is seeking an Vice President of acquisitions to support its rapid growth across various hospitality-focused investment platforms centered around lifestyle and experiential full service properties.

About DoveHill

DoveHill is a vertically integrated hospitality investment  and development organization with a portfolio of urban infill, lifestyle, and premium branded full service hotels across North America with a heavy concentration on the east coast. The firm’s core competency is the creation of highly differentiated, locally curated  properties set in high-growth and high-culture environments with diverse demand generators and distinct barriers to entry. DoveHill’s  lean and entrepreneurial minded team leverages their hospitality-centric approach to investment, design, programming, food and beverage and placemaking to drive long-term value enhancement in a portfolio of best in class real estate.

About the Role

The Vice President of Acquisitions will be responsible for managing and leading all aspects of the deal process cycle including, but not limited to, underwriting, market analysis, coordination of due diligence, preparation of investment memorandums and executive-level presentations, closing logistics, financing and working with the asset management and construction team on the execution of the investment thesis. 

The role will interface directly with a variety of groups within DoveHill  including Development, Asset Management, and Operations. 

How you will contribute

• Manage the full cycle of a hospitality transaction including sourcing, negotiating, due diligence, funding, and presentations to the Investment Committee

• Identify acquisitions that align with firm strategy and investment themes

• Underwrite a variety of hospitality investment opportunities in the full service and lifestyle categories  using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling

• Conduct thorough market analysis for real estate acquisition targets

• Oversee the due diligence process across all aspects of the transaction including physical, financial, legal, and operational due diligence

• Leverage industry relationships within the hospitality investment community to source acquisition opportunities 

• Prepare investment memorandums for the firm’s investment committee and outside partners

• Create executive-level presentations to support the deal process, including preparation of RFP responses and ad hoc presentations to other external and internal parties  

• Manage the debt and equity placement process

• Manage / Lead the closing process including coordination with title companies on settlement statement and escrow, confirmation of insurance, and obtaining necessary internal approvals

• Work in collaboration with the asset management and on-property management teams following acquisitions for initial operating forecasts, capital expenditure plans, and other needs

Who you are

DoveHill  is seeking a highly-motivated individual who enjoys working on a small team in a high energy, but disciplined, entrepreneurial environment.  The ideal candidate will have experience with hospitality acquisitions with a focus on branded full service, lifestyle and expertintial assets . This role also requires the following capabilities:

• 7-10 years of experience in direct hospitality investing

• Bachelor’s degree

• Exceptional attention to detail

• Entrepreneurial minded and thrives in small team

• Strong ability to effectively present information

• Strong written and verbal communication skills

• Ability to draw conclusions from research and data analysis and communicate them effectively

• Ability to lead and train junior team members

• Highly motivated, organized, disciplined and self-directed individual who is eager to learn, deals well with uncertainty at times, and is able to multi-task efficiently

• Ability to work well and communicate effectively with a broad range of individuals and professions and foster working relationships with all members of the team and outside parties

• High degree of professionalism, integrity, and a strong work ethic driven by a desire for quality

• Ability to work and coordinate against firm deadlines

• Ability to work flexible or extended hours (including possibly on weekends) to accommodate increased workload/projects

• Ability to prepare investment presentations

• Advanced Microsoft Excel skills and financial modeling experience

• Intermediate Microsoft PowerPoint / Apple Keynote skills and presentation-making experience