Address
Form of workVice President Real Estate Finance and Investments
Reports to: CEO and Partner, the position is exempt
WHO WE ARE
Hotels done differently. It’s not just a slogan, it is who we are in everything we do. We believe in the power of People, Place and Character; ensuring our properties are a place where individuals are valued and celebrated as a tribute to the neighborhoods and the people of the communities in which we operate; elevating our associates’ pride in who they are, where they live and who we serve.
Aparium was founded in 2011 and was born with an intense focus on unearthing the amazing moments unique to every city. Since its founding, Aparium has grown into a new kind of hotel brand, one that ventures off the beaten path, both geographically and philosophically. It is a sophisticated hotel brand known for its singular ability to combine the business acumen of large hospitality companies with the charm of boutique hotels, bringing the disparate forces together in bustling, smaller markets. Aparium was founded in 2011 and was born with an intense focus on unearthing the amazing moments unique to every city.
Since its founding, Aparium has grown into a new kind of hotel brand, one that ventures off the beaten path, both geographically and philosophically. It is a sophisticated hotel brand known for its singular ability to combine the business acumen of large hospitality companies with the charm of boutique hotels, bringing the disparate forces together in bustling, smaller markets.
WHO YOU ARE
You thrive in an environment where you are charged with finding the best solutions. You are an inherent problem solver and you take pride in your ability to effectively make and communicate progress and decisions. You don’t leave a job half finished, doing whatever it takes to close out a project. You can force rank and set priorities that align with the betterment of the company. You are collaborative, not stubborn, but bear the confidence to step up and own a decision.
THE ROLE
The Vice President of Real Estate Finance and Investor Relations will be a constant collaborator with vital stakeholders (CEO, asset management, investors, owners, and lenders) for new and existing hotels developed and owned by Aparium Hotel Group. The role ensures that reporting, payments, distribution, cost controls, and taxation for owned and developed projects is accurate, complete and the stakeholders are regularly informed.
WHAT YOU WILL DO
- Work with Aparium principals on the financing of Aparium owned hotels, including the solicitation of term sheets and, if needed, partner with third-party consultants to thoroughly review the term sheets, loan agreements, and recommend appropriate edits and note potential risks.
- Partner with Aparium principals and asset management team to ensure proper advancement, reporting, and monitoring on Aparium owned portfolio of hotels including but not limited to property taxes, insurance, debt service, loan covenants, and incentive payments/reporting.
- Oversee with scrutiny development project budget reporting in collaboration with the development team, ensuring the accuracy and timely submission of construction draws to lenders and stakeholders, and complete the final budget closeout promptly.
- Partner with the development team on historic tax credit preparations and submittals; and monitor and lead submittals for any state, federal, or musical incentives.
- Participate in preparing, reviewing, and organizing investment LLC agreements and the investor subscription agreements; set up the investor portal and be able to write or script communication regarding performance of the hotels to owners and investors in collaboration with the asset management team; deliver timeline investor updates and quickly respond to investor inquiries; Work with third-party accounting firms to manage the preparation and timeline distributions of tax documents; oversee the preparation of partnership cash projections and investment distribution waterfalls
- Collaborate with the finance and asset management teams to ensure accurate and timely reporting for property owner investments and be emphatic about the timeliness of the distribution and communication to the investors
- Confirm lender compliance and reporting to FFE and other reserves; execute timely payments of ongoing debt service and compliance of loan agreements; when needed, manage, pay, and reconcile any owner non-operating expenses
WHAT YOU WILL NEED
- Bachelor’s degree in business, finance, or accounting; advanced degree or CFA appreciated
- Minimum of ten (10) years of experience within the commercial Real Estate and/or hospitality industry with a focus on portfolio investor relations, development, or finance
- Strategic approach to investor relations and communications; demonstrated track record of storytelling and communications that shapes an investment narrative
- Deep knowledge and understanding project capital structuring, incentive structuring, loan structing, and investment waterfall structuring.
- Extensive Microsoft Excel Real Estate investment modeling experience; note: this role will not be responsible for hotel operational finance and accounting
HOW YOU LEAD
- Engage others in general conversation tactics to build rapport quickly; leading and adapting communication and presentation tactics to engage your audience; displaying adaptable interpersonal skills for a wide range of audiences and stakeholders
- Approach fact-finding and discovery missions in a collaborative effort; valuing input and experiences of others that creates additional insight to uncover deeper issues that may need to be addressed or removed as a barrier to implementation
- Value the importance of making decisions with integrity, maintaining confidentiality across internal workgroups, and knowing how to use discretion when appropriate; knows how to keep a secret by understanding the difference between transparency and confidentiality
- Be highly analytical in thought and recommendations; although never acting like the smartest person in the room; and continually seeking out the facts; able to express a point of view without it being driven by your ego
- Demonstrate business acumen and practice sound financial decisions by ensuring the actions and plans put into place support the achievement of operational goals and budgets
As an Equal Opportunity Employer, Aparium Hospitality Services celebrates diversity and is committed to creating an equitable and inclusive environment and a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are, where they come from, and take pride in who we serve. Aparium is an E-Verify employer.
