Req # 6585BR
Job Title Senior Vice President of Real Estate Investments
Position Type Full Time - Regular
Location Name Sage Hospitality Home Office
Founded in 1984, Sage Hospitality set out to be the best hotel owner and operator in the business. 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. 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.
We are currently seeking a Senior Vice President of Real Estate Investments who has the expertise to build and maintain relationships on both the lender and investor side. Reporting directly to the Chief Investment Officer and overseeing the acquisition and business development functions, this role will be an instrumental part of shaping the future growth of Sage Hospitality. We are looking for someone who has experience in identifying top markets and generating new deals and management agreements. The successful candidate must have at least 10 years of real estate investment experience and the ability to travel.
The position will be based at the Home Office in Denver and will travel as needed.
This role will focus on the growth of Sage’s VAP and LAP real estate investments.
SERVICE CULTURE FOCUS
To support Sage’s Vision of being recognized by our customers as the best in our business through ensuring a culture that “makes the ordinary extraordinary!” The SVP of Third Party Contracts should exemplify and champion this culture through every touch point of our business from our associates, guests, owners and communities. All decisions must be in alignment with the Sage Values and based upon what is best for the total organization. The service and courtesy you extend and promote on a daily basis will ensure a healthy and productive culture of serving others with excellence.
Build and maintain investor relationships across both VAP and LAP platforms
Build and maintain lender relationships that can apply to both investment platforms
Generate deal flow (preferably off market) through various relationships: brokers, owners, lenders, brands
With Acquisition & Development Principals, generate loan term sheets
Interface with CIO to generate investment strategy
Identify markets for future investments
Oversee negotiation of JV, franchise, and management agreements
Generate investment recommendations for Sage Investment Committee approval
Maintain strong relationships with top tier brands
Is skilled in all facets of our business or specific area of specialty. Highly capable with current practices and looks ahead at opportunities to utilize new products, consumer trends, changes in the marketplace, and technology edge. Can reflect on their vast experience to determine numerous future possibilities and future outcomes. Has natural instincts and insight for finding the best solution to resolve issues and problems. Finds creative solutions to problems and can see how the details fit into the big picture. Is a highly capable and resourceful problem solver. Can manage the creative process within an organization to develop unique solutions. Leverages creative solutions in the organization; resulting in competitive advantages. Makes great decisions that are aligned with our organization’s value and goals. Highly strategic in perspective and decision making.
Recognizes leadership, agility and performance potential in associates. Motivates, mentors and develops managers and leaders that are promotable within our organization. Able to formulate and execute long term plans and correctly anticipates future resources needed for long term projects. Is quick to make strategic connections of people and processes; resulting in improved quality, cost savings, time efficiency and successful business objective outcomes.
Excellent at conflict mediation, resolution, and negotiation skills. Able to form consensus and agreement when presented with differing or competing positions. Quickly and directly addresses operational and associate challenges, is fair, firm, and consistent. Let’s people know where they stand and can take negative action when needed. Can identify talent quickly and determine their strengths and opportunities as well as how they may react in various situations.
Energy and Drive
Is a competitive person who is consistently driven to accomplish and exceed goals. Creates a sense of urgency in matters that will impact the success of their business objectives.
Effectively navigates through organizational systems, structures, and people to accomplish goals. Is highly capable at forming and leveraging business relationships to create advantageous support systems, alliances, and synergies.
Personal and Interpersonal Skills
Demonstrates care for customers and associates. Visibly demonstrates desire to understand others; creates confidence and trust with others and is viewed as honest and direct. Able to create an environment where associates thrive and actively seek approval of the manager. Actively seeks input and collaboration from the team to create goals and buy in. Builds high performing teams and compels them to embrace a shared vision for success.
Extensive knowledge of top 25 markets
Ability to carry an owner’s perspective through a project from start to finish
Ability to multi-task across a number of different opportunities10 + years of real estate investment experience via public or private REIT, private equity, or other ownership vehicle
Extensive underwriting, feasibility, and due diligence experience
Experience with refinancing, disposition, and other major investment decisions
We are proud to be an EEO/AA employer M/F/Disabled/Veterans. We maintain a drug-free workplace and perform pre-employment substance abuse testing.