22 Oct
|
InnVest Hotels
|
Toronto
22 Oct
InnVest Hotels
Toronto
THE COMPANY:
With over 100 hotels in our portfolio, representing 18 internationally recognized hotel brands, InnVest is the largest independent owner of hotels in Canada. In addition, our management team oversees the day-to-day operating activities of 87 owned and third party owned hotels.InnVest’s portfolio is geographically diverse with hotels from Vancouver, BC to Corner Brook, NL but also experientially diverse from roadside inns to luxury urban properties.
At InnVest, our mission is simple – to deliver outstanding guest experiences and superior returns on quality hospitality investment. A career at InnVest will provide you with unrivaled opportunities and invaluable exposure to Canada’s largest independently‑owned and operated hotel portfolio.
Reporting to the Manager, Asset Management and Investments, the Asset Management and Investments Analyst is primarily responsible for three functions: investments, asset management and reporting and analysis. The position is focused primarily on investments, with asset management and portfolio reporting comprising the balance of the role.
ACTIVITIES:
RESPONSIBILITIES:
Investments
- Work with investment team to build and maintain underwriting models for acquisition opportunities, including operating projections, capital plan formulation, and return analysis
- Conduct macro and micro market research, identifying performance trends and implementing research into investment thesis
- Assist with evaluation and due diligence of new acquisition opportunities
- Coordinate due diligence across internal departments, brokers, lenders, and third‑party consultants
- Prepare investment memorandums for Investment Committee and Board of Directors
- Evaluate hold/sell opportunities and prepare disposition analysis
- Build and maintain relationships with hotel brokers, investors, and the broader hotel community to support deal sourcing and market intelligence
Asset Management
- Monitor hotel performance against budget, forecasts, prior years, and competitive sets
- Assist with preparation of the annual Strategic and Business Plan reporting package
- Maintain a thorough understanding of current market conditions and economic outlook to incorporate the best insights into the portfolio and Asset Management practice
- Prepare materials and attend monthly business reviews for assigned assets
Reporting and Analysis
- Perform research and analyses including but not limited to; review of industry reporting, internal P&L; statement analyses, variance analyses, trend analyses, benchmarking, contract analyses and key performance indicator (KPI) review
- Work with Asset Management, Finance, and Accounting on month‑end, quarterly, and year‑end portfolio reporting, including KPI operating performance, asset and portfolio dashboards, relative performance benchmarking, and Daily Operating Report
- Maintain the Asset Management teams financial models and analytical tools, ensuring data consistency across reporting and underwriting
- Identify opportunities to improve and expand regular reporting across the owned portfolios
Other Responsibilities:
- Support SVP and other members of the Asset Management team with monitoring hotel performance on both a portfolio and individual asset basis
- Develop an expertise in the hotel and real estate sectors
Please Note:
This Job Description is not neither definite nor restrictive and may be modified or added to in the future to meet changing needs.
COMPETENCIES WE ARE SEEKING:
- Bachelor’s Degree in Business Administration, Finance, Real Estate, Hotel Management or related field is preferred
- Knowledge, Experience and Skills Requirements:
- Willingness to learn and grow through various experiences and people.
- Inquisitive and curious about the implications of decisions.
- Strong organizational skills and ability to complete tasks on time.
- Strong analytical, financial and accounting skills as would experience in related role is an asset.
- Commitment to diligence and integrity in outputs.
- Comprehensive knowledge of factors affecting the hospitality real estate market.
- Excellent analytical and financial modeling skills.
- Solid interest and aptitude to analyze hospitality real estate with intent to identify value‑add opportunities, performance enhancements, and accretive characteristics.
- Strong understanding of financial metrics (IRR, ROI, Yield, IRR, NAV and others).
- Familiarity with hotel financial metrics (e.g., OCC, ADR, RevPAR, GOP, NOI, CPOR, CPC, etc.).
- Strong interpersonal skills and demonstrated ability to coordinate and influence others.
📌 Asset Management and Investment Analyst (Toronto)
🏢 InnVest Hotels
📍 Toronto