Rémunération: $100,000 to $120,000 per year

Why us?

As part of Sage Hospitality Group , we passionately strive to be the best and create excellence in everything we do. We believe in enriching lives one experience at a time. More than a slogan, we empower our employees to make positive impacts on the communities in which we live and work. By providing genuine service we build relationships with our guests and value for our shareholders, and we create unforgettable experiences.

We are looking for independent thinkers. Those who harness their entrepreneurial spirit so that it breaks preconceived notions. Were not afraid to forge our own path. After all, its what industry leaders do. Thats why we welcome risk takers and creative spirits alike. No matter your daily role, Sage recognizes that your success is about more than the work you doits really about who you are, which is why we invest in your personal and professional growth. We hope you consider joining us!

Job Overview

The Director of Investment Management will oversee the day-to-day investment and asset management responsibilities for all projects in which Sage Hotel Capital is an equity investor. They will play a vital role on the Sage Investments team and be responsible for executing strategic initiatives and driving asset level performance.

Responsibilities

ESSENTIAL RESPONSIBILITIES

Actively oversee a portfolio of hotels at various stages of stabilization, creating asset value through execution of an investment strategy on a short, intermediate, and long-term basis
Optimize investor returns and mitigate risk by regularly meeting with hotel management teams to review plan and hold them accountable in efforts to maximize full potential in the areas of revenue generation, net operating income, guest satisfaction, capital investment/planning, and ultimately value appreciation
Collaborate closely with all disciplines in the organization including finance, accounting, marketing, and operations throughout the asset life cycle
Analyze revenue, financial reporting, and management data regularly to assess the performance of hotel versus underwritten business plan
Assist Sage Investments with initial and refinance debt origination efforts through closing, including broker (if applicable) placement and negotiations, preparing marketing materials, term sheet/loan agreement review and negotiation, and managing closing documentation and statement preparation
Review, evaluate, negotiate, and approve annual operating budgets, cash flow forecasts, debt service tests, and capital expense plans
Assist in disposition process with third party brokers and JV partners, including due diligence, contract review and negotiations
Maintain a comprehensive understanding of market conditions affecting portfolio, including, but not limited to, competitive additions/deletions, competitive set renovations, new development, supply growth, brand conversions, and leadership/ownership/management company changes
Develop, refine and oversee consistent, Sage-branded investor reporting
Manage all ongoing financing responsibilities to ensure that lender covenants are adhered to
Maintain strong working relationships with all lenders where Sage is the borrower
Maintain strong working relationships with Sage JV partners, determine distribution schedule and lead annual appraisals as necessary
Complete annual valuations of assets, promote values and IRR/Equity Multiple returns
Monitor capex/renovation projects scope, ROI, timeline and funding
Understand and abstract legal documents
Effectively interact with hotel executive teams and operating partners on periodic calls and meetings. Travel to properties as necessary
Additional Asset Management tasks, as required, to increase the value and investment returns

OTHER RESPONSIBILITIES

All other duties as assigned, requested or deemed necessary by management.

BEHAVIORAL FOCUS

At Sage, we pride ourselves on the behaviors that build our culture and help associates perform in their positions. We value integrity, performance, team spirit, growth, delivering extraordinary guest experiences, and engaging in our communities. We have also outlined specific competencies that contribute to success at Sage. Please review our competency models to understand the behaviors expected of different levels in the organization (you may find these models in our learning management system).

Qualifications

Education/Formal Training

B.S. degree in finance or related, MBA preferred

Experience

5+ years of hospitality finance experience (public or private REIT, private equity, lender, or other ownership/investor)
Relevant experience in ownership, hotel asset management, hotel operations, sales and revenue management, and real estate finance
Experience with capital expenditure projects: budgeting, administration of capital calls
Experience with refinancing, disposition, and other major investment decisions
Demonstrated track record of creating value through the ownership of assets and/or hotel portfolios

Knowledge/Skills

Thorough understanding of loan, franchise, and JV documentation
Ability to carry an owners perspective through a project from start to finish
Advanced knowledge and skill of hotel operations, leadership, and corporate environment
Demonstrated ability to influence all levels of the organization with their presence and business acumen
Excellent oral, written, presentation and public speaking skills
Proactive, independent, forward-thinking, trustworthy, and a hands-on operation executive
Dynamic team player who can think creatively, manage innovation, and effectively challenge existing practices
Strong organizational and project management skills
Thorough understanding of all factors affecting markets and submarkets and the impact on the portfolio including a strong understanding of demand generators, revenue management, sales process and yield strategies to maximize top-line performance

Physical Demands

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Sitting 85%, Walking 5%, Standing 5%, bending, kneeling, lifting, climbing 5%

Environment

Prolonged sitting throughout entire shift at computerized workstation in office environment.

This position description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the associated with the position. May perform other duties as assigned.

Benefits

Unlimited paid time off
Medical, dental, & vision insurance
Eligible to participate in the Companys 401(k) program with employer matching
Health savings and flexible spending accounts
Basic Life and AD&D insurance
Company-paid short-term disability
Paid FMLA leave for up to a period of 12 weeks
Employee Assistance Program
Great discounts on Hotels, Restaurants, and much more.
Eligible to participate in the Employee Referral Bonus Program. Up to $1,000 per referral.

The application period will be open for approximately 30 days or until a suitable candidate is identified. We encourage qualified individuals to submit their applications within this timeframe.

Salary

USD $100,000.00 - USD $120,000.00 /Yr.

Sage Hospitality Group

OUR MISSION

Sage Hospitality is on a mission to break new ground, and not just the dirt on our newest projects.

We’re talking figuratively, progressively and aggressively breaking the mold of the hospitality industry. As one of the U.S’s top hospitality management, investment and development companies, Sage is on a fast trajectory of growth and performance. Building upon what we do best—establishing some of the best hotels and restaurants in the world.

Two divisions, hundreds of industry experts and more than 30 years in business. We are headquartered in Denver, Colorado, surrounded by high-performing investments from coast to coast. With the advantage of hands-on experience, we’re also changing the way luxury in the hotel world looks. Developing modern, independent hotels with unique style, artistry and branding—creating places that people go to, not through. Similarly, Sage Restaurant Group creates the best restaurants in the world, building high-design, chef-driven concepts that are game changers in the industry.

CAREERS

Sage has moved beyond cookie cutter to light the way—not for what our hotels “should be”, but “could be”. At Sage Hotels and Sage Restaurant Group, we’re looking for people who aren’t afraid to step a little outside of the box. Our associates are the best in the business: smart and calculated, authentic and different, creative and independent.

Sage is looking for independent thinkers with their own entrepreneurial spirit. We’re not asking you to fit the mold, we’re hoping that you break it.

Risk takers and creative spirits with a penchant for numbers are welcome. We are a results-driven company creating places that are more than just heads in beds, so we’re looking for more than just a person behind a desk.

Achieving personal and professional growth is one of our values at Sage Hospitality. We believe it’s not just about the work you do, but it’s about who you are. We give back to the community, look challenges dead in the eye. We manage and lead and we leave our environments better than we found them. Interested?