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Senior Vice President, P3 and Development, Chicago at Jones Lang Lasalle

Posted in Other 30+ days ago.

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Type: Full Time
Location: Chicago, Illinois

Job Description:

JLL s Hotels & Hospitality Group seeks to fill a key position within its Public-Private Partnership (P3) Advisory Practice. It is anticipated that the individual selected for the role will enter the firm at the Vice President/Senior Vice President level. The work will require a multi-faceted skill set within an advisory environment. However, one of the primary responsibilities will be to manage the delivery and execution of new-build hospitality projects. The successful candidate will possess a hands-on, can-do attitude with the ability to work independently and prioritize numerous projects simultaneously. The position will be based in Philadelphia and/or its northwest suburb area, and will report to the Executive Vice President leading the P3 practice.

Responsibilities include:

* Preparing NOI projections

* Modeling private and public financing scenarios

* Creating and gaining approval of public incentives

* Advising on project delivery methods (CM, CM at-Risk, design-build, hard bid, etc.)

* Procuring development project team members (developer, operator, contractor, design team, etc.)

* Drafting and finalizing team member term sheets

* Reviewing and commenting on development, design, construction, operating, and other contracts

* Creating/reviewing conceptual project budgets (hard & soft costs)

* Creating and maintaining project schedules

* Coordinating with JLL s Hotel Investment Banking team

* Coordinating with other JLL resources

Qualifications:

* Minimum 7 years hospitality-industry specific work experience

* BA/BS/MS/MA/MBA degree in Business, Finance, Statistics, Real Estate, Construction Management, Accounting or related field

* Demonstrated strong analytical and quantitative skills

* Strong verbal and written communication skills (writing samples will be requested)

* Strong Excel modeling skills

* Comprehend all aspects of financial modeling and underwriting logistics of hospitality-related real estate investments

* Detail-oriented and well-organized

* Ability to work within formal reporting relationships

* Flexibility to adjust priorities in response to rapidly changing circumstances/deadlines

* Willingness to take on new challenges

* Proficiency in Salesforce, Word for Windows, PowerPoint and Excel.

Our P3 team is the leader in developing hotels through public-private partnerships. The team has led the development of 23 hotels totaling over 13,000 rooms that are today open and operating. Notable past projects include the recently opened Marriott Marquis Houston, Marriott Marquis Washington DC, Hilton Houston Americas, and the Charlotte Westin. The team is actively working on hospitality projects in New York, Miami Beach, Columbus, Ft. Myers, Salt Lake City, and St. Paul. If you possess an exemplary work ethic as well as an interest in working in an entrepreneurial environment with a strong team culture, we encourage you to apply.

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